Neither Lips nor his wife appeared in court. The verdict states that they did not take responsibility and the court takes this very seriously. Lips and his wife have now been convicted of large-scale bankruptcy fraud, but are acquitted of money laundering. Lips’ wife, Astrid van S., is sentenced to eighteen months in prison. Lips himself must go to prison for 4 years.
The Wall entrepreneur gets 4 years in prison for bankruptcy fraud
