On 23 April 2008 it was announced that the company Board of Directors had dismissed "with cause" company founder Frank Thielert and also cancelled his employment contract, due to evidence found during a criminal investigation by the Hamburg Office of Criminal Investigation. The allegations included that false invoices had been written, which were used to boost accounts receivable and create the appearance of a better financial position for the company. The board also dismissed Chief Financial Officer Roswitha Grosser and sold off €24.4 million to cover immediate financial requirements.