Eurocommerce CEO sentenced: forgery and bankruptcy fraud

Ger Visser, former CEO of real estate company Eurocommerce, must serve a prison sentence of four years and three months for forgery in writing and bankruptcy fraud. His wife and son were also sentenced to eighteen months in prison in both cases.
Ger Visser must serve a prison sentence of four years and three months for forgery in writing and bankruptcy fraud.

The Arnhem-Leeuwarden Court of Appeal ruled on Friday that there is sufficient evidence that Visser forged rental agreements in order to obtain financing. Visser also allegedly smuggled money and assets away at the moment when it became clear that Eurocommerce would go bankrupt.

The company, once one of the largest project developers in the Netherlands, finally went bankrupt in 2012. Creditors were left behind at a disadvantage for an amount of between 10 and 15 million euros.

Visser’s wife received an eighteen-month prison sentence. She would have been involved in the diversion of assets, both from Eurocommerce and privately. For example, the couple’s home was sold for one euro to a foundation. The driver’s son was involved in the sale of a reindeer stable for a much too low amount.

Visser’s daughter, also a suspect, has not yet been convicted by a break with her lawyer. The court gives her the opportunity to look for a new lawyer.

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