A wealth manager working for a private bank in Geneva is currently being detained after allegations he swindled tens of millions of francs from investors.
The worker for Hyposwiss Bank could have been defrauding people since the beginning of the century.
Some estimates suggest he could have pocketed as much as CHF 40m. He was arrested at the beginning of the month.
During the initial hearing, he claimed he was attempting to hide massive losses linked to one major client.
Geneva shops open this Sunday
It was expected, and now it’s official. Shops in Geneva will be allowed to open exceptionally this Sunday.
Lack of snow ahead of holiday rush
This coming weekend, the last ski resorts are switching to winter mode and bracing for a holiday rush.
Too many children are buying alcohol
In Geneva, authorities are keeping a close eye on alcohol sales to minors.
Found kittens were not domestic
A springtime rescue in the woods near Verbois has a happy, and wild, ending.
Petition to ban 1st class on trains
The youth wing of the Transport and Environment Association is calling for the abolition of first class on trains, describing it as an unnecessary luxury.
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.
