How does it feel to realize you’ve been conned out of €1.8 million, or $2 million? Günther Steinberger (name changed to protect his privacy) does recall one thing: He didn’t want to believe it until it was all too late.
“For a full year, I was certain I had done a deal with Barclays Bank,” he said. That was guaranteed by the broker of the deal. On paper at least.
Antonio Giancola was the man who tempted the German millionaire into this apparent “dream deal.” Mr. Giancola is Swiss, 37 years old and a football scout. Or so he claims.
Financial advice, says his homepage, is just an occasional interest. But he held out a deal which was close to irresistible for many millionaires: up to 36 percent returns every six months.
According to research carried out by Handelsblatt, Mr. Giancola attracted some €30 million in this way. More than two dozen investors fell for the trick.
Almost none of that money is left.