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February 21, 1988


By CBR Staff Writer

There are few places better to look for really enormous scams than in Germany, simply because companies there are in general extremely well run, and the national mentality says that such things simply cannot happen in Germany, so they tend to go undetected for much longer than they would elsewhere: in 1986 Volkswagen was the victim of an enormous foreign exchange scam, and last week it was the turn of Nixdorf Computer AG to have to admit that such things can and do happen to even the best-run German companies – four employees, unidentified by name or position, were dismissed on Thursday under suspicion of having netted a cool DM11m, $6.5m in kick-backs from outside contractors in return for putting Nixdorf printing and advertising contracts their way; since it was the advertising and printing firms that paid the slush money, the scam should not affect Nixdorf financially.

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