Frank Thielert, founder of Thielert Aircraft Engines, which produces Centurion diesel engines for the aviation market, last week was jailed by a judge in a German bankruptcy court who reportedly considered him a "flight risk." According to the Google translation of a story in the Hamburg Abendblatt newspaper, the judge said Thielert faces several years in prison if convicted on charges that investors in his company were "systematically deceived." The Thielert AG company went public in 2005 and declared insolvency in 2008, but continues to operate. Sebastian Wentzler, a company spokesman, told AVweb in an email, "Frank Thielert is out of the company since summer 2008. …The trials against Frank Thielert do not affect the business of the company in any way."
This is a companion discussion topic for the original entry at https://www.avweb.com/ownership/thielert-founder-jailed-as-trial-proceeds-updated