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.
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.
