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.
Too late to save the ski season
It’s being a grim ski season.
No major breakthough's expected at Davos
The new co-chair of the World Economic Forum, André Hoffmann, has played down expectations surrounding Donald Trump’s appearance in Davos.
Gruyère survives US sanctions
Sales of Gruyère cheese fell less sharply last year than expected, despite US tariffs.
Paléo wins major award
The Paléo Festival has been named Best Major Festival in Europe.
Push to fund night trains by cities
After the refusal by Bern to subsidize night trains, left-wing parties in five cities are launching a coordinated push to support international night trains.
One inequality less in Swiss football.
The Swiss Football Association has changed the priority order for the use of playing fields, giving women’s football precedence over men’s competitions - with the exception of the Men’s Super League, which keeps top priority.
