EXW Ponzi founder Benjamin Herzog has been sentenced to five years in prison.

Herzog and nine EXW Ponzi co-defendants were sentenced on Wednesday by Klagenfurt Regional Court.

As reported by DiePresse;

The two main defendants were sentenced to five years in prison. They are said to have defrauded 40,000 victims of at least 20 million euros.

I believe the other “main defendant” refers to
Pirmin Troger
. Troger and Herzog were found guilty of “serious commercial or serious fraud and criminal association”.

EXW Wallet’s third co-founder, Manuel Batista, remains a fugitive
hiding in Dubai
.

Of the remaining eight defendants;

Two others [received] 30 months suspended, one 18 months suspended. Five defendants were acquitted.

No word on monetary penalties and/or victim restitution.

EXW Wallet
was an MLM crypto Ponzi launched in 2019. At time of sentencing the tens of millions stolen through the scam remain unaccounted for.

Update 25th November 2024 – 
Public Prosecutors have filed an appeal against four of the EXW sentences.

As
reported by Kleine Zeitung
on November 3rd, the Public Prosecutor’s Office believes the four appealed prison sentences are “too short”.

Update 25th December 2025 – 
In November 2025 Benjamin Herzog was granted temporary release from prison for an unknown reason.

Instead of returning to prison, Herzog promptly
fled to Dubai
.

🤖 Quick Answer

What was Benjamin Herzog's sentence in the EXW Ponzi scheme case?
Benjamin Herzog, founder of EXW Ponzi scheme, was sentenced to five years in prison by Klagenfurt Regional Court on Wednesday. He and co-defendant Pirmin Troger were found guilty of serious fraud and criminal association, defrauding approximately 40,000 victims of at least 20 million euros.

Who are the main figures involved in the EXW case?
The primary defendants are Benjamin Herzog and Pirmin Troger, both sentenced to five years imprisonment. EXW Wallet's third co-founder, Manuel Batista, remains a fugitive hiding in Dubai. Eight additional defendants received varying sentences, with five ultimately acquitted of charges.

What sentences did other EXW defendants receive?
Of the nine co-defendants, two received 30-month suspended sentences and one

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