now. the flow tech system worked for 5 years she made a kept selling machines even though most of them existed only on paper. he created an elaborate business for a song to fool his investors. we took a creative approach when the bank auditors wanted to see some drilling machines and we'd switch the identification plates. and show them as much equipment as they wanted. the machine in the holocaust and he got so important and. they kept some of the machines in this warehouse officials from the banks and leasing companies had a look around and was satisfied. they came in and broke down the id numbers and checked them against the list they had at the office just medium and

they all matched up. so they also looked at the id plates and they checked out as well. and i'm to duplicate now and before that's basically how we did it. everything seemed fine for taught me like to mention at the end of the day he was probably pleased to see how easy it was to deceive people the mood of life time. it all seemed so easy almost a sure thing smita kept playing his shell game with the drilling equipment and the banks kept lending him money after all he had to make the monthly lease payments even if the machines existed only on paper. flying classes. it was a classic pyramid scheme and it worked at 1st because he used the new loans to pay off old creditors lloyd bigger but then things got out of hand and it became more

and more difficult to control it. through houghton when this violent ended and it got to the point where he had to come up with $60000000.00 marks a month just to make the leasing payments. no more not least begins. that's me to manage to convince the banks to keep giving him money on. the banks made big profits with these flow text deals and guns and all my warm jeda many good footy and they kept i'm a bang for the game big roaches were competing with each other to get his business law to explore my goodness to him all the scheme would never have worked of the banks had played along absolutely not guns of being there's no way. that under oath was. deliberately kept his meetings with bank executives source he preferred to spend his time flying them around in his helicopter and treating them to sumptuous meals. on his i flew

cafferty. file out to the airfield near seringat and then celebrate with a big lunch. called them liquid lunches for me doc isn't that nice that everyone drank a lot of alcohol. maybe he was trying to get his guests to be a little less cautious hardly new. sometimes they'd fly to the nearby all science region to sample the excellent local wines or he didn't buy bank is and business partners to his yacht or one of his been. created situations where i can demonstrate my success to the outside world that was very important for me a few months but i didn't write people out to the yacht to take them to dinner and these displays of success became parts of the business model. week so i had to do

it to get this game going. in the cup would get into. the $996.00 meet up with himself an airfield at full the canadian military. the powerful state politician helped him to arrange the deal the honorary chairman of the bond didn't that free democratic policy. of the recommended with the german government should sell the airfield and at a reasonable price to about $38000000.00 marks. we also arranged for us to get a government subsidy provided that we got final approval and started light operations been. on that was a great deal for us so we went ahead with it.

deliberately made a point of according to all the titians who could help him grow his business people who could open doors for him. or and emmel oh boy included you're going more locked into a respected politician who knew everyone would come to on time it's. through morelock who he met a lot of important people and so it was a smart move for him to make some downloading so i. took. me to also started building a new flow tex headquarters complex at the airfield leading politicians attended the groundbreaking ceremony including the state premier at the time having to fly for. the guests were impressed with his model of the proposed new facility.

mido made a promotional video. for hero from here will tackle the projects of the 3rd millennium. media claim that this new facility would bring prosperity to the region. the state premier teufel took the controls of an excavation at a ceremony to mark the start of construction. but for this report none of the politicians who worked with smita wanted to talk to us about him. after all it's a very old story. so this need amid the media enjoyed being around politicians and they enjoyed being around him who it was and it was like they acknowledged each other's importance can be shown in the 1st. leader built celera is a former bandit and back interior minister who later chaired a state parliament committee that investigated the flow text scandal. at

this point questions were already being raised about the company's finances but prosecutors and the tax authorities didn't. arson investigators perhaps because of all the powerful politicians who were linked to shmita. he knew a lot of people in the state government including the premier mr bush and so he must be an important guy if he wasn't the sons would have had nothing to do with these not really who is who that influenced the decisions made by the author or it is it's not like they said i'm not going anywhere near that case but they did see that they had to be careful because of shmita status of ice move prominence committee for safety so. in july 999 mido through a huge party to celebrate his 50th birthday here's

a picture of the official invitation and the guest list. $300.00 people were invited it was an event that no one wanted to miss. among the guests was former boston there's some back state premier. who gave the opening speech and. the festivities took place at smead us 2 on that estate. he and his family lived there until his arrest in february 2000 and. one quest my biggest mistake was that i used my financial resources to create an image of success for me to provide not only for the outside world but also for me personally i wanted people to envy me. and when people are jealous of you and you crash and burn they all cheer for him to here. we are on the way to month

meet us former estates at 2 and back near cars who're. the prophecy covers 60000 square meters. back then he believed that he deserved to live in a place like this. when i look back at those times i can't believe that i didn't realize how serious things have become. the whole thing kept getting bigger and bigger and i just went along with it and this is my hook. me does says that he was cool up in the spiral of events that he could not escape with. you only have one goal and you'll do whatever it takes to achieve it you lose your sense of right and wrong and you do some things that are wrong and are called not merely questionable. if you do things that are illegal but you don't care anymore and if

you look at the thought. behind these rules month me to entertain his guests and impress them with his wealth but many of his friends from back then are long gone. they came to my parties and had a lot of fun for me this on and on but when the whole thing collapsed they disappeared on the. m go when he lost everything including the yachts those people didn't want to have anything to do with him. i wouldn't call them friends of one of those so long argument. hot when you're rich and powerful people like to be around you lands on and on but if you get into trouble no one wants to know you. it's a tool. to

drop down a little that would be great. it's hard to believe that meant for me to manage to get away with this scheme for so long but the bigger it costs the more people believed him. not to really define what it was all based on power and influence and money and. it was like he was too big to fail maybe some people thought he was but no one seemed to doubt that the company was profitable than thankless tech and its most money of all money he said to himself as i have to show my family in the state of bottom written back that i can be successful as can. and that's just what he tried to do you know what us out there in the town. for a time month french media was able to convince people that he was a model entrepreneur. he attracted politicians who thought that he could be useful

to them and bankers who thought that he'd make them a lot of money. today he regrets what he did. do you shave it into his big bank i'm giving is the primary victims were the banks not any private individuals bank and just the banks of his help and he won't flush the skivvies i do have a guilty conscience he said with this for us what we did was wrong in see a walk with lord lou quite high and then he crashed and it's all my fault this is a lie and mind if i can't blame anyone else will give me the but most of all of the cost and i'm sorry about how this affected my family because i'd made them feel miserable adults of interest is a sign. of

. kerosene. is there an alternative to this climate killer researchers in switzerland are producing a carbon neutral version at a solar mini refinery sunlight. air and water are turned into kerosene. the amounts are small but that could change. airlines need to make flying environmentally friendly to borrow to. next d.w.

. in september 993 israelis and palestinians who signed the oslo accords. in the middle east seemed possible. new videos and private documents to tell the story of the tough negotiations behind the scenes before and after the agreements reached and the bitter collapse of the occurrence of. the oslo diaries. in 45 minutes on d w. like . oh. my gorgeous love was food for the russians so. down to the street. so many different walks of life some are company and oddly tried but all

of this comes straight from the heart to its former c.e.o. even when there's no money dilution the marsh book introductions come. from the 1st months of the last to their final resting place the russians on the g.w. documentary. what if planes could fly without leaving a carbon footprint synthetic fuel could hold the key. adapting to summer heat waves how a different method of building in the city could help cool things down. and do the electric cars live up to the kill him. that and more coming up. welcome to tomorrow today the science show on d w. during the mid 900.