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Bankruptcy Trustee Blocks Allra Founder's Attempt to Transfer Book Rights to Father's Company

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Bankruptcy Trustee Blocks Allra Founder's Attempt to Transfer Book Rights to Father's Company
Key Points
  • Allra founder Alexander Ernstberger attempted to transfer book rights to his father's company while in personal bankruptcy with 300 million kronor in debts.
  • Bankruptcy trustee Nils Åberg has declared the transfer invalid, stating Ernstberger lacked legal authority to make such agreements.
  • Ernstberger was sentenced to six years in prison in 2021 for bribery and breach of trust related to the Allra scandal affecting 130,000 pension savers.

Alexander Ernstberger, the convicted founder of pension company Allra, has been blocked from transferring book rights to his father's company while in personal bankruptcy, according to reports from TV4 Nyheterna and Expressen. Ernstberger, who was sentenced to six years in prison in 2021 for bribery and breach of trust, owes 300 million kronor to the Swedish Pensions Agency (Pensionsmyndigheten). After being placed in personal bankruptcy in 2022, Ernstberger reportedly transferred the rights to his book "Staten mot kapitalet" to a company controlled by his father.

Bankruptcy trustee Nils Åberg has declared the arrangement invalid, stating that Ernstberger lacked the legal authority to make such transfers while bankrupt. The book, which Ernstberger claims has sold over 30,000 copies, was published after his conditional release last year. Ernstberger maintains his innocence and claims neither he nor any related company has received compensation for the book, stating that any profits should be shared between the publisher and the bankruptcy estate.

Ernstberger lacked the legal authority to make such transfers while bankrupt.

Nils Åberg, Bankruptcy trustee

Staten mot kapitalet

Alexander Ernstberger, Convicted founder of Allra

Ernstberger claims has sold over 30,000 copies

Alexander Ernstberger, Convicted founder of Allra

Ernstberger maintains his innocence and claims neither he nor any related company has received compensation for the book, stating that any profits should be shared between the publisher and the bankruptcy estate.

Alexander Ernstberger, Convicted founder of Allra

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