Raid in Reichsbürger scene: Police find gold bars in the Kingdom of Germany

Raid in Reichsbürger scene: Police find gold bars in the Kingdom of Germany

According to a report by www.n-tv.de, during a large-scale raid against the “Reichsbürger” association “Kingdom of Germany” in Germany, a number of pieces of evidence were seized, including several gold bars worth around 360,000 euros as well as 35,000 euros in cash and ammunition.

The searches were carried out by the financial regulator BAFIN with the support of the Deutsche Bundesbank, the State Criminal Police Office and the police. Nine suspects between the ages of 34 and 73 were identified who are said to have carried out illicit financial transactions. They are accused of setting up and operating a health insurance company without the necessary authorization and of conducting illegal banking transactions.

The main suspects, including the self-proclaimed “King of Germany” Peter Fitzek, are said to have been conducting unauthorized business for many years, even though it was banned several times and ordered to be liquidated. Despite a conviction for illegal insurance transactions, Fitzek continued his illegal business.

The case has far-reaching implications for the financial market as it shows how, despite official bans, illicit financial transactions can continue and large amounts of money and valuable assets such as gold bars can be traded. It also underlines the need for strict and effective financial supervision to prevent such illegal practices and ensure the protection of consumers and investors. This case could prompt calls for increased regulation and supervision of the financial industry.