VIDEO - The rise and fall of Lernout&Hauspie

20th September 2010, Comments 0 comments

20/09/10 - The story of two West Flemish businessmen, Jo Lernout and Pol Hauspie, sounds like a fairy tale. The two start their own speech technology company and next conquer Flanders, Belgium and the whole world. But then the dramatic fall starts, with rumours about fraud. Lernout&Hauspie, the pride of West Flanders, goes bankrupt and leaves a big deficit behind. Numerous small investors are left empty-handed. A trial soon gets underway.

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