Vienna, May 13, 2026
Nearly €1 million is suspected to have been embezzled from the Spanish Riding School in Vienna between 2024 and 2025, with two employees allegedly involved in the cash withdrawals.
Suspected Cash Withdrawals and Missing Funds
According to sources cited by *DER STANDARD*, one employee is believed to have withdrawn approximately €500,000 in cash from the school’s accounts during the two-year period, while a colleague allegedly participated in the scheme. The funds were taken in increments ranging from €30,000 to €70,000 per transaction, with documentation falsely stating the money would be transferred to another bank account belonging to the institution.
In addition to the €970,000 withdrawn in cash, another €250,000 is reported missing from a vault. The Spanish Riding School, the oldest of its kind in the world, has an annual revenue of around €12 million, making the alleged losses significant in proportion to its finances.

