© RTL
A trusted savings scheme collapsed, leaving hundreds of postal workers betrayed and sparking one of Luxembourg’s most painful financial scandals.
A trusted savings fund, built on decades of routine contributions from Luxembourg’s postal workers, collapsed in silence long before anyone realised what was happening. By the time the truth emerged, the damage was irreversible – millions gone, futures shattered, and a community left wondering how such a thing could happen under their noses.
Listen to DNA: Luxembourg Crime Podcast:
In this week’s episode of RTL’s DNA, we return to the FSFL Case, a financial scandal that left more than 500 contributors facing the unthinkable. Many had been paying into the fund since their first day on the job. Some hoped it would support their retirement; others saw it as a safety net for their families. Instead, they watched their savings dissolve into thin air.
At the centre of the criminal proceedings stood Jos Nickts, a man whose quiet, methodical approach to managing the fund allowed irregularities to go unnoticed for years. The scandal grew slowly, through small adjustments, hidden transfers, and accounting tricks that blended seamlessly into the daily paperwork. By the time investigators uncovered the full scope, the losses totalled nearly €14 million.
The losses were staggering. But for the victims – ordinary postmen and postwomen – the emotional shock was even greater.
The episode delves into the mechanics of the fraud, the painstaking investigation, and the long road to partial compensation.
© RTL
