Herr Schmitz Tries the Hard Cell

From his Munich prison, Netrepreneur Kim Schmitz swears he's no stock manipulator and vows to party all the way to another fortune

As Kim Schmitz sees it, jail is only a temporary setback to his career as a hard-partying Internet entrepreneur (see BW Online, 4/11/02, "This Ex-Hacker's Fat Is in the Fire"). Schmitz, 28, insists that his spirit is "unbreakable" and that he'll disprove charges that he pocketed $1 million by manipulating the price of online retailer letsbuyit.com's shares. Schmitz's avenues of communication are limited as he sits in a Munich jail awaiting trial. But he agreed to answer written questions submitted by BusinessWeek Frankfurt Bureau Chief Jack Ewing. Schmitz's lawyer, Thomas Pfister, acted as go-between. Here's an edited excerpts of the interview:

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