Austrian Banker Accused of Defrauding Investors

Julius Meinl V, the scion of a Viennese business dynasty whose name has been synonymous since the days of the Hapsburgs with luxuries like exotic coffee, handmade tortes and discreet private banking, has been jailed on suspicion of fraud at a company linked to the family.

Prosecutors accused Mr. Meinl of artificially bolstering shares of the real estate company Meinl European Land on the Vienna stock exchange, even as its investments in real estate across Eastern and Central Europe cratered.