When the Ciupeks needed a home loan at the beginning of the noughties, the man from Deutsche Vermögensberatung (DVAG) brokered it. “I felt that I was in good hands,” recalls Ciupek. It goes without saying that the couple will turn to him again after an inheritance. “The money should be parked until we can use it to pay off the home loan.” The return was secondary. But instead of a safe investment, the advisor guides the couple into an open real estate fund. When the money is needed, the fund is closed and will be wound up later. In total, says Ciupek, the DVAG systems caused him a loss of 50,000 euros.