Czech Court Convicts Firms, Execs in Subsidy Fraud

A Czech court convicted three individuals and three companies for a €5.5 million subsidy fraud and money-laundering scheme built on fabricated nanobot research projects, with an additional €5 million in attempted fraud uncovered; the ringleader received eight years in prison, a seven-year management ban, and restitution orders, while accomplices received suspended sentences and the companies were barred from subsidies and ordered to forfeit €2 million in assets, including seizure of high-value items such as a €600,000 model railway collection, according to EPPO Prague.