The Zurich District Court has sentenced a man to six and a half years in prison for commercial fraud.
According to the court, the 52-year-old real estate entrepreneur is said to have defrauded clients in Australia and New Zealand in 2010.
He promised real estate firms loans - worth tens of millions - and collected fees upfront. In total, it’s estimated he defrauded companies of a total of CHF 26 million with this scam.
Govt wants to cut Microsoft ties
Switzerland is looking to reduce its reliance on the US tech giant Microsoft, according to reports.
Court may overturn E-ID vote
The Federal Court is set to rule on a challenge to the narrow approval of the Swiss e-ID law.
Army chief warns of unprepardness
Switzerland’s army chief has warned the country must strengthen its defences amid rising global instability.
Watch collector seriously injured in attack
A watch collector has been seriously injured in a violent attack in Geneva.
Search called off for missing lake man
An elderly man remains missing on Lake Constance.
Watches and Wonders drew major stars
Watches and Wonders 2026 has been drawing global stars to Palexpo in Geneva.
