Benjamin Herzog pleads guilty to EXW Wallet fraud charges

EXW Wallet co-founder Benjamin Herzog has pled guilty.

Herzog’s guilty plea was entered mid-trial, following
damning testimony from his ex-girlfriend
,

As
reported by Kleine Zeitung
on December 13th;

The main defendant (26) made a surprise announcement on Wednesday made a full confession. He also exonerated his eight co-defendants.

“I was out of breath, I was done driving. “I plead guilty in full and ask for a lenient and speedy sentence,” said the Carinthian, according to the Austria Press Agency (APA).

While he can’t actually “exonerate” his fellow accused, I believe this was an attempt to shoulder responsibility alone. Well, sort of – Herzog threw EXW Wallet’s other two co-founders under the bus.

In his remarks, (Herzog) also accused the two EXW co-founders who are currently still absconding or in custody for extradition.

Pirmin Troger was
arrested in Brazil
and awaits extradition to Austria. Manuel Batista remains a wanted fugitive.

Despite his guilty plea, Kleine Zeitung reports Herzog “was still being questioned by the jury, the public prosecutor and the defense”.

Officially EXW Wallet victims number “around 40,000” with “at least 17.6 million euros in losses. Herzog’s ex-girlfriend pegged EXW Wallet investor losses at closer to 80 to 120 million euros.

Being unfamiliar with the Austrian criminal case process, unfortunately I don’t know when Herzog will be sentenced.

Update 23rd October 2024 – 
Benjamin Herzog and Pirmin Troger have been
sentenced to five years in prison
.

🤖 Quick Answer

What charges did Benjamin Herzog plead guilty to?

Why did Herzog enter his guilty plea during the trial?
Herzog entered his guilty plea mid-trial following damning testimony presented against him by his ex-girlfriend. The 26-year-old defendant made a surprise announcement, stating he was exhausted and fully confessed to the charges while requesting a lenient and speedy sentence.

Did Herzog's guilty plea affect his co-defendants?
Herzog attempted to shoulder responsibility alone and exonerated eight co-defendants from direct culpability. However, he accused two other EXW Wallet co-founders of involvement in the fraud scheme, shifting focus toward their alleged participation in the criminal

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