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.
Geneva could foot the G7 bill
US NGO discovers Swiss child abuse cases
French singer banned by Paleo
Cars going uninspected
War may lead to rent rises
Not a heatwave, yet
