Jul 05 2010
Embezzled millions triggers Austrian treasure hunt
Schranzerwald Forest, Austria – Millions are yet to be found by treasure hunters of all sorts. A fraudulent German financial advisor Augustine whose name has not been officially released, was arrested when a amateur treasure hunter found a suitcase with $185,000 and Augustine’s passport buried near Innsbruck, the capital in west of Austria.
After trials, in early 2002, Augustine was jailed for the maximum six-years and is now living in Bavaria, Germany. After publicizing this case to the public, this led many to get out their detecting gear and head out to look for the treasure for a nice reward, ten percent of the amount found and an award of $815,000.
Local treasure hunter Walter Fritz searches for buried millions in Ebbs, Austria
German police officials believe there is more to be found; more than 5 million was embezzled and hidden from investors while Augustine was working for the BDA bank.
The small town of Ebbs, Austria has benefited from the influx of treasure hunting visitors hopeful to fine a new fortune. As the story spreads, more are expected to travel to Ebbs, and join the hunt.
