Defendant German businessman Dietmar Machold arrives in handcuffs for the start of his trial for fraud and embezzlement at a court in Vienna September 19, 2012. Machold is accused of fraud in dealing in historic musical instruments including Stradivarius violins. REUTERS/Heinz-Peter Bader (AUSTRIA - Tags: BUSINESS CRIME LAW PROFILE)

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German Dietmar Machold lived the high-life in Vienna as one of the world's foremost experts on violins. But it was all a ponzi scheme. And Friday, an Austrian court convicted him of embezzlement and fraud. Aaron Schachter tells the sad tale.

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