Dozens of people in Geneva and neighbouring France have been financially ruined after falling for a Ponzi investment scheme.
The Geneva businessman behind the scheme is now in jail.
The Ponzi plan works by paying early investors with the funds of those joining. It’s the same rip-off that was run by the late New York financier Bernard Madoff.
Swiss French TV says there are around 70 victims. It’s thought the man took CHF 8m from his victims.
Parliament rejects WHO alcohol policy
The Upper House of Parliament, the Council of States has overwhelmingly rejected adopting an alcohol policy based on recommendations from the World Health Organisation.
Cyclist dies near the UN
A cyclist died after an accident near the UN yesterday.
Govt may buy fewer F-35s due to cost
Switzerland will not purchase all 36 American F-35 fighter jets originally planned, the Federal Council decided Friday.
Amnesty slams Bern police
Amnesty International is strongly criticising the police response to last October’s unauthorized pro-Palestinian demonstration in Bern.
Two men given house arrest after stealing vignettes
Two men, aged 32 and 33, working at the printing works that makes the autoroute vignettes have been given house arrest and a suspended prison sentence after being found guilty of stealing the stickers and selling them online.
What's likely under the tree this year?
Shoppers looking for the perfect gift this holiday season are turning to tech and toys, according to Galaxus.
