is the fact that Machold has settled in Switzerland instead of remaining in Austria. In November 2012, Machold was convicted of embezzlement and fraud by an Austrian court. He was sentenced to 6 years in prison. Organization Machold had branch establishments in Vienna, Zurich (Geigenbau Machold GmbH and Cadenza AG), Alpnach (Bomalu AG), Bremen, Berlin, New York City, Aspen, Chicago, Seoul and Tokyo, buying and selling, among others, Stradivari and del Gesù violins. Insolvency proceedings Personal bankruptcy Dietmar Machold purchased Eichbüchl Castle in 1997; he paid 1 million deutchemarks for the 700 year old castle, which is located outside Vienna. The castle was sold for €3.5 million, and the collection of period furniture, rugs and library for €120,000. On October 22, 2010, Dietmar Machold initiated a restructuring proceeding with self-administration with regard to his private assets. On December 1, 2010, the court revoked his right to self-administer his assets. On December 29, 2010, the court appointed a committee of creditors and the proceedings were altered to include insolvency proceedings. The business was ordered to be closed down on February 4, 2011. Company insolvency On October 29, 2010, Dietmar Machold initiated a restructuring proceeding with self-administration with regard to his company assets. For this, the court revoked his right to self-administer his assets on November 23, 2010. The company was ordered to be closed down on December 21, 2010 and the proceedings were altered to include insolvency proceedings. See Also John & Arthur Beare Bein & Fushi List of Stradivarius instruments References http://www.fritz-reuter.com/nantscheff/ http://www.fritz-reuter.com/DOC/machold/der-spiegel-article-eng.pdf http://www.noen.at/lokales/noe-uebersicht/wiener-neustadt/aktuell/Schlossbesitzer-in-Haft;art2575,37135 http://edikte.justiz.gv.at/edikte/id/idedi8.nsf/suchedi?SearchView&subf=e&SearchOrder=4&Schuldner=machold&BMAZ=NUL&ftquery=&query=%28%5BSchuldner%5D%3D%28machold%29%29 :de:Machold Rare Violins http://www.machold-rare-violins.ch/ http://www.manta.com/c/mm5144g/machold-rare-violins-ltd https://www.nytimes.com/2000/03/12/arts/even-now-music-in-the-family.html https://www.faz.net/s/Rub117C535CDF414415BB243B181B8B60AE/Doc~EC3ACA4A5799040558395FB2E5CDE0C5D~ATpl~Ecommon~Scontent.html http://www.nj.com/news/index.ssf/2011/04/violin_broker_probed_in_new_je.html Violin dealers German companies established in 1861 Defunct companies of Germany Companies based in Bremen Markneukirchen 1861 establishments in Bremen Manufacturing companies established in 1861 Manufacturing companies disestablished in 2010 German companies disestablished in 2010 String instrument manufacturing companies