Wolfgang Flöttl (born 1955 in

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

) is an Austrian investment banker. After receiving a J.D. from Vienna University in 1978, he studied for an MBA from Harvard Business School in 1981 as well as from the

London School of Economics The London School of Economics and Political Science (LSE) is a public university, public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidn ...

. He joined Kidder, Peabody & Co., where he advanced to vice president. In 1987, Flöttl formed an investment fund along with

BAWAG BAWAG (German language: ''Bank für Arbeit und Wirtschaft'') was a bank in Austria founded in 1922. On October 1, 2005, it merged with the separate '' Österreichische Postsparkasse'' (P.S.K.) to form the "Bank für Arbeit und Wirtschaft und Öst ...

, an Austrian bank which was a major investor in the fund. After ten years of substantial returns the fund suffered heavy losses when the dollar lost over 15% in value against the yen in a matter of days. In 2006, the management of the bank was charged with breach of trust and Flöttl with assistance of breach of trust. On 4 July 2008 he was convicted of assistance of breach of trust. He appealed the court's decision. In December 2010 Austria’s Supreme Court set the conviction aside. The prosecution decided to retry the case with a new trial. On 18 December 2012 he was acquitted of all charges. On 15 May 2013, with the prosecution’s decision not to appeal, the full acquittal became final and legally binding. In 2007 it became publicly known that Flöttl had purchased

Van Gogh Vincent Willem van Gogh (; 30 March 185329 July 1890) was a Dutch Post-Impressionist painter who posthumously became one of the most famous and influential figures in Western art history. In a decade, he created about 2,100 artworks, inc ...

's ''

Portrait of Dr. Gachet ''Portrait of Dr. Gachet'' is one of the most revered paintings by the Dutch artist Vincent van Gogh. It depicts Dr. Paul Gachet, a homeopathic doctor and artist with whom van Gogh resided following a spell in an asylum at Saint-Rémy-de-Prove ...

'' in 1997 or 1998 from Ryoei Saito. Later, he had to sell the painting to an unknown purchaser.

References

Living people 1955 births Businesspeople from Vienna Harvard Business School alumni University of Vienna alumni Alumni of the London School of Economics {{Austria-business-bio-stub