8chan/8kun QResearch Posts (2)
#16100663 at 2022-04-18 18:02:19 (UTC+1)
Q Research General #20366: 5 HRC Associates Are Taking the Fifth in Russia Hoax Edition
Swiss 'banker of the year' who put strip club visits on expenses jailed in high-profile fraud case
Ex-Raiffeisen Switzerland CEO Pierin Vincenz's misuse of company expenses was exposed as he faced charges for pocketing millions through illicit deals
He claimed the strip club bill was business-related, as was a claim for his dinner with a woman he met on Tinder
Former Raiffeisen Switzerland Chief Executive Pierin Vincenz was jailed for nearly four years on Wednesday at the end of a fraud trial which exposed his huge strip club bills and misuse of company expenses.
After one of Switzerland's highest-profile corporate crime trials in decades, Zurich's district court convicted Vincenz, a former Swiss "banker of the year" who was charged with making millions through illicit deals while he was CEO of the bank.
Vincenz, who was acquitted on several counts, was fined 840,000 Swiss francs (US$900,600) and ordered to pay nearly 1.6 million francs in damages to compensate firms in which he was involved, as the court also found the 65-year-old guilty of using business expenses for private purposes.
His lawyer said that Vincenz, who denies any wrongdoing, would appeal the verdict after he was sentenced to 3? years in prison.
Vincenz had told the court that a near 200,000 Swiss franc expenses bill for strip club visits was largely business-related, while a 700 franc dinner with a woman he met on dating app Tinder was justified because he was considering her for a real estate job.
But Judge Sebastian Aeppli told the court that the expense claims went too far and were not in his employer's interests.
"[His] understanding, whereby practically all expenditures of a business person fall under disposable company expenses so long as any remote connection to the business activity exists, clearly went too far," Aeppli said.
"The relationship maintenance he carried out in cabarets, strip clubs and contact bars was no longer in the primary interest of Raiffeisen," the judge said, adding prudent handling of Raiffeisen's money would have meant limiting tabs to 1,000 Swiss francs or less per occasion.
The trial, which was moved from a courthouse to Zurich's Volkshaus theatre due to the intense public interest, centred around conflicts of interest on deals between a number of firms in which Vincenz and another defendant were involved.
All seven defendants in the trial, which began in January, had denied the allegations against them.
https://www.scmp.com/news/world/europe/article/3174180/swiss-banker-year-who-put-strip-club-visits-expenses-jailed-high
#15459836 at 2022-01-25 21:44:15 (UTC+1)
Q Research General #19554: God Never Gives Tough Jobs To Weak Souls Edition
Ex-bank CEO: $220,000 spent at strip clubs was business expense
A one-time Swiss banking CEO who is on trial for fraud now says that the nearly $220,000 he spent at strip clubs was a legitimate business expense.
Pierin Vincenz, the former head of the bank Raiffeisen Switzerland, who was once honored as "banker of the year," also claimed in a Swiss court that he spent $760 on dinner with a woman he met on Tinder because he was thinking of hiring her for a real estate job.
Meanwhile, Swiss prosecutors have also alleged that Vincenz ran up a $4,500 hotel bill that included repairs to the room after he and a stripper he was dating at the time got into a "massive" fight that caused significant damage.
Vincenz's former company also says that the ex-CEO spent $30,000 of company money to take a cooking club trip to Mallorca, a Spanish island, on a private jet, according to Reuters.
Vincenz is one of seven top bankers and associates on trial in Zurich for alleged enrichment, fraud and mismanagement.
It is alleged that Vincenz used his position to make secret side deals in addition to those made officially between Raiffeisen and other parties between 2006 and 2017.
Prosecutors want the 65-year-old Vincenz and his co-defendants to pay restitution totaling $77 million and serve six years in prison.
All seven who have been charged are denying the allegations.
The trial has attracted intense media scrutiny in Switzerland. The press interest was so great that authorities needed to relocate the trial from a local courthouse in Zurich to a large theater.
https://nypost.com/2022/01/25/ex-banker-says-220k-strip-club-visits-were-business-related/