How nice was the story of the rich uncle from America, who wanted to build a gigantic pier – equipped with shops, restaurants and much more – in Germany’s largest resort town on the coast of the Baltic Sea without earning a dime.
The patron is none other than well-known former Thuringian cyclist Volker Tabaczek (56) who, with the US company Mount Whitney Trust from Las Vegas, was supposed to invest 38 million euros in the coast of Kühlungsborn.
Well-known names such as Mount Whitney Consulting (Las Vegas) and the B & O Engineers from Hamburg were placed along the pier and ports. There was also another name – Volker Tabaczek.
But now, three months after permission has been granted, those in the town hall may be looking at the situation with deep regret. Tabaczek had allegedly already invested in realized project in Miami. Although the presented photos looked so nice, no record could be found despite extensive research.
And now the new pier in Kühlungsborn
Once full of hope, mayor Rainer Karl has taken down the simulation photo in the town hall. He read the warnings of injured parties on the Internet, but he preferred to trust the word of the investor, who felt persecuted and that his reputation was wrongfully damaged.
Mayor Karl applied for the building permit that was issued in the autumn of last year. How could he have known then that the investor only wanted to use the project of a new pier as a guise to attract even more investors into the suspected snowball system? Perhaps 12 years of warnings on the Internet?
The Berlin Journal has now found out that doubts about the seriousness of the investor and the certain naivety of the mayor, who recently had to take a break from office because of illness, are getting bigger and bigger in Külungsborn.
Since the plans have been handed over, nothing has happened. No building discussion, no excavators.
Town hall employees almost always look at the project photo in their building. None other than renowned B & O Engineers from Hamburg designed it. The experienced engineers have already designed 29 of the total 40 sea bridges in Mecklenburg-Vorpommern and Schleswig-Holstein. This includes the old, and so far only, pier in Kühlungsborn in 1991. However, this is very modest compared to the plans of the fairy tale investor.
It was curious for the group that the alleged foundation in America, the Mount Whitney Consulting Group would want to just give their money away. This was completely against the real meaning of the foundation – the capital salary. However, they did the investor a favor and designed a project picture according to his wishes, but only in advance. The next step is a 3D representation in the town hall.
But the interest of the investor seems to be curiously absent now
The fear is now that the longest German Baltic Sea beach promenade could be now covered by 3.2 kilometers of building ruins – with the only option to be to dismantle – costing a huge sum of public money.
On April 8, 2016, the Ostseezeiting, a local newspaper, wrote that Kühlungsborn was to get a pier along the Sea that was 200 meters wide, equipped with a swimming pool, shops, underwater restaurant and aquariums. For Mayor Karl, this was an ideal solution to a nagging problem. Tourists and municipal politicians have been calling for a second sea bridge in the country’s largest seaside resort for years. But we need more than just a jetty on which the guests can go for a walk,” said Mayor Rainer Karl.
Enter Volker Tabaczek, who lives in Gräbendorf, just south of Berlin. On the outside, everything seemed right: he wore a custom-made suit, drove an official Porsche 911 Carrera and had pictures of former reference projects in Miami.
But with a little research, the façade would have quickly crumbled
Investors have pledged $8.76 million in the Las Vegas based Mount Whitney Group, founded and managed by Tabaczek – although he barely speaks English. None of the investors have seen money since. In addition, the Group does not have any real contractual relationship with anyone, according to research. One retiree paid 10,000 euros, while the highest injured invested 3.3 million euros.
Since 2004 the New York financial services GoMoPa.net warns against the alleged interest and installment free loans – reared by Tabaczek and his US financial group. German investors, however, had no doubts about his promises and were always seeking new investors for the Mount Whitney Group.
When called into question in court, Tabaczek appeared in person to many events. With tears in his eyes, he is said to have established foundations in Africa for children – along with his present wife. The foundation would build schools throughout the continent. In Namibia even streets have been named after him.
His other “company” Seascape LLC was apparently able to buy one of the finest properties on the Baltic Sea – which Tabaczek planned to name after his wife – Sofie – yet its freshly established, with no past, no internet appearance and resides in an empty building with Mount Whitney in Las Vegas.
In another case, in 2007, Tabaczek was sentenced to one year and eleven months probation for fraud. The US Financial Group, in whose name Tabaczek worked, agreed upon a loan of 1.5 million euros to the FC Energie Cottbus. In the course of the negotiations, Tabaczek offered the former president, Dieter Krein, additional funds of 2.2 million euros. However, an advance from the football club of 300,000 euros was necessary to cover the financing costs. Since then, the club hasn’t seen any credit. Indeed, the US Financial Group was not even in a position to provide a loan of that magnitude to the football club.
Hindsight is 20:20
A town council member in Kühlungsborn has since told a Berlin court jury : “We have not researched so deeply.”