Authorities in Berlin have launched an investigation into what could be one of the most substantial pension fund disasters in recent memory. A regional dental professionals' retirement fund is reportedly down over €1 billion (roughly $1.3 billion), leaving thousands of contributors facing potential uncertainty about their future. Prosecutors are now examining whether any criminal conduct contributed to these massive losses. The scope of the financial damage raises serious questions about fund management practices and oversight mechanisms.
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just_vibin_onchain
· 12-13 15:43
Whoa, 1 billion euros gone? This pension management is just too outrageous.
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Degen4Breakfast
· 12-13 13:01
Wow, did the dentist pension fund爆雷10亿欧? Who's responsible?
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Another pension fund crashes, and this time it's pretty big...
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Berlin is investigating quickly, they need to uncover some inside info
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A billion euros gone, those dentist guys are in deep trouble now
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Where's the promised fund management? It's a total failure
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There's an insider, so much money couldn't have just disappeared on its own
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Is Germany's pension insurance also unsafe now?
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Don't ask me where the pension is, I have no idea either
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This is a criminal case, so we can expect follow-up actions
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LiquidityWitch
· 12-13 09:02
Wow, did the dental pension lose 1 billion euros? How badly did they get wrecked?
Wait, was it really the management messing up or were they directly scammed?
Another pension disaster, how can anyone still trust traditional funds...
Berlin prosecutors are starting to take action, seems like there's a scoop to be had.
1 billion euros, brother, how many people have to go broke?
No wonder everyone is now into DeFi, this is what traditional pensions are all about.
Nurses are trading crypto too, why still put money into traditional funds?
But to be fair, if this had been on-chain, it would have been rug pulled long ago, at least now there is some investigation.
This is why decentralization is important, to avoid being played.
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DegenDreamer
· 12-12 12:52
Damn, a billion euros just gone like that? Dentists' pensions, this is too outrageous.
How did the management handle this? Such a huge loophole was only discovered now.
Another classic drama unfolds—who will take the fall?
Regional funds are like this; how do we prevent it?
Forget it, let's wait and see who ends up getting caught.
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ProofOfNothing
· 12-10 17:57
Damn, a billion euros gone? How capable are they...
Dentists' pensions are just gone like that, outrageous
Who the hell is managing the fund? Is this a scam or just incompetence?
Wait, is this real? The way Berlin is handling this is ridiculous
Pensions vanished overnight, now that's a real rug pull
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UnruggableChad
· 12-10 17:52
Buddy, the pension fund directly lost 1 billion euros? Outrageous
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Dental retirement fund爆雷, who the hell is managing the money
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It's the management playing tricks again, ordinary people are the ones suffering
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Whoa, these numbers... Someone's going to jail
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This is the result of centralization. Can decentralization do this?
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Why are there so many financial scandals in Berlin? I really can't hold it together
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Over 100 billion euros gone, is there an audit? Is it just passing like this?
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Daring to touch the pension fund, these people are really ruthless
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So why did no one give an early warning? There must be something fishy
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Germans are also starting to play financial magic, learning bad tricks
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RegenRestorer
· 12-10 17:50
Damn, a billion euros gone? How terrible must the management be?
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BakedCatFanboy
· 12-10 17:44
Huh, once again a Ponzi scheme collapses. It seems that these days even pension funds aren't very safe.
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A billion euros gone—how capable of wastefulness do you have to be?
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Talking about criminal conduct, most likely it's insiders causing trouble.
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Now all the dentists' retirement money has gone down the drain. So devastating.
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Why are there so many incidents in Berlin? Is regulation really that ineffective?
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Have they already investigated this? Or are they still arguing about it?
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What does €1B really mean? It's hard to imagine losing so much.
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I just want to know how they'll handle this in the end. Will there really be convictions?
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GasFeeNightmare
· 12-10 17:42
No way, €100 million? That’s an extremely ridiculous loss.
The dentist retirement fund just exploded, what is management thinking?
Another big drama, no wonder there’s a criminal investigation.
Now those who have paid throughout their lives must be feeling so hopeless.
What are they playing at in Berlin again? Fund management really leaves me speechless.
The fund manager must be incredibly unprofessional to lose so much.
It sounds like another insider drama of the powerful cutting the leeks.
Don’t tell me these losses will finally be passed on to ordinary people to bear.
This is a bit ridiculous, how long will it take to recover?
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BearMarketSage
· 12-10 17:37
Damn, 1 billion euros just disappeared like that? Who was in charge?
Authorities in Berlin have launched an investigation into what could be one of the most substantial pension fund disasters in recent memory. A regional dental professionals' retirement fund is reportedly down over €1 billion (roughly $1.3 billion), leaving thousands of contributors facing potential uncertainty about their future. Prosecutors are now examining whether any criminal conduct contributed to these massive losses. The scope of the financial damage raises serious questions about fund management practices and oversight mechanisms.