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Big cars, expensive watches and tailor-made suits - investor Lars Windhorst likes to portray himself as a financially strong savior of insolvent companies. He buys shipyards, lingerie companies or even a football club. But often with little success. In this 11KM episode, we delve into Lars Windhorst's business takeovers and bankruptcies with Nils Naber from NDR and try to understand what is behind it and why he continues to be trusted despite his failures. Here you can find the Panorama3 film “No money, lots of promises: Lars Windhorst's opaque business model” by Nils Naber: https://www.ardmediathek.de/video/pan... Here you can find The real life - The NACHTCAFÉ podcast, our podcast tip: https://1.ard.de/nachtcafe_podcast_cp And here you can listen to more 11KM episodes about financial fraud and scams: https://www.ardaudiothek.de/episode/1... https://www.ardaudiothek.de/episode/1... https://www.ardaudiothek.de/episode/1... How do you like 11KM? Let us know - in our survey: https://1.ard.de/11KM_Umfrage You can find this and many other episodes of 11KM wherever there are podcasts, including here in the ARD Audiothek: https://www.ardaudiothek.de/sendung/1... Those involved in this episode: Episode author: Lukas Waschbüsch Collaboration: Nicole Ahles Production: Hanna Brünjes, Laura Picerno, Viktor Veress, Ruth-Maria Ostermann Editorial management: Fumiko Lipp and Lena Gürtler 11KM: the tagesschau podcast is produced by BR24 and NDR Info. The editorial responsibility for this episode lies with BR.