Close Menu
    What's Hot

    Meta’s TV Muse Ad Is the Latest Sign That Agents Are Going Mainstream

    September 20, 2026

    Entrepreneur Bilked Former Siemens CEO of Nearly $2 Million, Feds Say

    September 20, 2026

    Oaktree’s Howard Marks backs quieter Fed, calls for AI jobs task force

    September 20, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Entrepreneur Bilked Former Siemens CEO of Nearly $2 Million, Feds Say
    Money

    Entrepreneur Bilked Former Siemens CEO of Nearly $2 Million, Feds Say

    Press RoomBy Press RoomSeptember 20, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In 2023, a wellness entrepreneur pitched Klaus Kleinfeld, the former CEO of Siemens and Alcoa, on an opportunity to invest in Deepak Chopra’s meditation app.

    Kleinfeld invested $2.5 million. Now federal prosecutors say the entrepreneur, Wanja Oberhof, embezzled most of that money, using it for personal expenses including back rent on his nearly $20,000-per-month Manhattan penthouse.

    In the criminal complaint against Oberhof filed in the US District Court for the Southern District of New York, the investor is identified as “Victim-1.” A spokesperson for Kleinfeld confirmed that he was the investor.

    Oberhof co-founded the Healing Company with his wife, Anabel Oelmann, a former model and owner of a CBD oil company, with the aim of acquiring a stable of wellness brands. Chopra, the author, physician, and wellness guru, became the Healing Company’s chief scientific advisor in 2022. The startup in March 2023 struck a deal with Chopra’s company, Chopra Global, to acquire Chopra’s consumer product line, including a detox kit and body oils; the Chopra meditation and wellbeing app; and licensed Chopra health retreats at resorts and spas, corporate filings show.

    Chopra Global terminated its deal with the Healing Company in July 2024, and no longer has any relationship with the Healing Company or its affiliates, an attorney for Chopra and his company told Business Insider.


    Deepak Chopra

    Deepak Chopra’s company ended its deal with the Healing Company in 2024. 

    Dave Benett/Getty Images for Compassionate Films



    According to the criminal complaint, the Healing Company borrowed about $1.6 million against its line of credit for a March 2023 deal with an author and alternative medicine advocate. The details of the transaction match details of the Chopra deal disclosed in the Healing Company’s corporate filings.

    The following account is based on the criminal complaint:

    Oberhof and Kleinfeld, both Germans, had met in Germany through a mutual friend. When they reconnected in New York in 2023, Kleinfeld was interested in the startup’s newly acquired meditation app. Early the following year, the Healing Company defaulted on its credit line. Oberhof and Kleinfeld discussed moving the author’s app and other assets to a new entity, in which Kleinfeld would invest. Kleinfeld understood from Oberhof that Oberhof could only move the assets if Oberhof paid back the loan against the line of credit. They agreed that $1 million of Kleinfeld’s $2.5 million investment would be used to pay back the lender.

    Instead of paying back the lender, Oberhof took most of the money for himself, moving more than $1.8 million of it to a German bank account, according to the complaint.

    Want more Business Insider in your news feed?

    Add BI in Google so our reporting is easier to find when you’re searching for what matters.

    An attorney for Oberhof declined to comment.

    Sources close to Kleinfeld say that his lawyers approached US authorities with evidence of the alleged fraud a few weeks ago. Officials were already building a case, the sources said.

    Oberhof was charged with one count of wire fraud and made an initial appearance in Manhattan federal court on Monday. He hasn’t yet entered a plea. Oberhof is being held at Metropolitan Detention Center, the federal jail in Brooklyn that also houses Venezuela’s former president Nicolás Maduro.

    Herbert Bauernebel contributed reporting.

    The Axel Springer Global Reporters Network harnesses the resources of the company’s newsrooms to publish ambitious scoops, investigations, interviews, opinion pieces and analysis. It allows journalists — including those from POLITICO, Business Insider, The Telegraph, WELT, BILD, Onet and Fakt — to collaborate on major stories for an international audience of hundreds of millions across platforms: online, print, TV and audio.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Meta’s TV Muse Ad Is the Latest Sign That Agents Are Going Mainstream

    September 20, 2026

    How America’s Best Restaurant Serves 450 Pounds of Meat Every Week

    September 20, 2026

    I Moved From NYC to Boston and Had 3 Kids While Building My Career

    September 20, 2026
    Leave A Reply Cancel Reply

    LATEST NEWS

    Meta’s TV Muse Ad Is the Latest Sign That Agents Are Going Mainstream

    September 20, 2026

    Entrepreneur Bilked Former Siemens CEO of Nearly $2 Million, Feds Say

    September 20, 2026

    Oaktree’s Howard Marks backs quieter Fed, calls for AI jobs task force

    September 20, 2026

    How America’s Best Restaurant Serves 450 Pounds of Meat Every Week

    September 20, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • September 2026
    • August 2026
    • July 2026
    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.