Stein Bagger

Quick Facts

Full Name	Stein Bagger
Occupation	Businessperson
Date Of Birth	Jan 20, 1967(1967-01-20)
Age	57
Birthplace	Frederiksberg
Country	Denmark
Birth City	Frederiksberg
Horoscope	Aquarius

Stein Bagger Biography

Stein Bagger is one of the most popular and richest Businessperson who was born on January 20, 1967 in Frederiksberg, Frederiksberg, Denmark. Stein Bagger turned himself in to US police in downtown Los Angeles at approximately 21:00 GMT on 6 December 2008. Bagger had reportedly left Dubai on a plane destined for New York where he borrowed a car from a Swedish friend, Mikael Ljungman, before making a cross-country trip to Los Angeles. According to statements posted by him on his family’s blog (and later repeated in an interview and apparently in court), he had allegedly been a victim of systematic extortion and threats towards his family, forcing him to take fraudulent steps in order to raise revenue to secure his family. However, many critics doubt the veracity of those statements. Bagger was held in US custody until his extradition to Danish legal authorities. On December 16, he was extradited to Denmark and jailed pending further investigations.

Stein Bagger Net Worth

Stein Bagger is one of the richest Businessperson from Denmark. According to our analysis, Wikipedia, Forbes & Business Insider, Stein Bagger 's net worth $5 Million. (Last Update: December 11, 2023)

Bagger disappeared on 27 November 2008, while on a trip to Dubai with his wife and business colleagues. On 1 December, information emerged indicating that IT Factory’s revenue had been artificially inflated and a leasing scam had defrauded banks and private investors for over 875 million Danish kroner (186 million US dollars), making this the biggest financial fraud case in Denmark in recent decades. As a result, Bagger was charged with fraud and forgery, and a warrant for his arrest was put out by Interpol.

Stein Bagger (born January 20, 1967) is a Danish convicted criminal, former entrepreneur, former CEO of IT Factory. Before bankruptcy of IT Factory and a subsequent fraud scandal, he was named “Danish Entrepreneur of the Year” by Ernst & Young, and his company was named “Denmark’s best IT company” two years in a row by the magazine Computerworld. On the 11 June 2009, Stein Bagger was sentenced to a seven-year prison sentence. He was released on license on 24 March 2014, having served approximately 5 years of his sentence.

Height, Weight & Body Measurements

Stein Bagger height Not available right now. Stein weight Not Known & body measurements will update soon.

Who is Stein Bagger Dating?

According to our records, Stein Bagger married to Martina S. Bagger. As of December 1, 2023, Stein Bagger’s is not dating anyone.

Relationships Record : We have no records of past relationships for Stein Bagger. You may help us to build the dating records for Stein Bagger!

Facts & Trivia

Stein Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in Denmark. Stein Bagger celebrates birthday on January 20 of every year.

Top Facts about Stein Bagger

1. Stein Bagger (born January 20, 1967) is a Danish convicted criminal, former entrepreneur and former CEO of IT Factory.
2. He was named “Danish Entrepreneur of the Year” by Ernst & Young in 2006.
3. IT Factory was named “Denmark’s best IT company” two years in a row by the magazine Computerworld.
4. He was sentenced to a seven-year prison sentence on June 11, 2009 and was released on license on March 24, 2014.
5. He disappeared on November 27, 2008 and information emerged a few days later that IT Factory’s revenue had been artificially inflated and a leasing scam had defrauded banks and private investors of 875 million Danish kroner (186 million US dollars).
6. A warrant for his arrest was issued by Interpol.
7. Stein Bagger had allegedly claimed to have a Doctorate from the “San Francisco Technical University”, a university which does not exist.
8. He turned himself in to US police on December 6, 2008.
9. He was extradited to Denmark and jailed on December 16, 2008.
10. Investigations revealed he had employed a duping scheme by forging large sales orders creating fictional revenue.
11. He obtained leasing contracts to finance the fake purchases and spent half of the money on purchases of software from IT Factory, thus inflating the company earnings.
12. The scheme was for a value of $200 million.
13. Real and fictional overseas “partner” companies sold non-existent large hardware and software bundles to IT Factory.
14. IT Factory was left with fraudulent debts not considered under the accounting standards used.
15. The leasing contracts were for large amounts so only a small number of fake documents were needed to pull off the scam.