Uganda promises Ireland to repay aid money that went astray
GenevaLunch News GENEVA, SWITZERLAND – Ireland has suspended €16 million in Irish money earmarked for Uganda, to be channeled through the Ugandan government, after it appears that €4m disappeared...
View ArticleUBS German clients’ homes reportedly raided
GenevaLunch News ZURICH, SWITZERLAND – The public prosecutor’s office in Bochum, Germany, said Monday that the homes of a number of clients of Swiss bank UBS have been raided by tax investigators who...
View ArticleThe strange world of Kweku Adoboli
GenevaLunch News GENEVA, SWITZERLAND – Kweku Adoboli, the UBS trader who famously lost Swiss bank UBS CHF2.2 billion in unauthorized trading before he was arrested in September 2011 was sentenced to...
View ArticleMagnitski affair re-surfaces in Switzerland
GenevaLunch News Funds reportedly blocked at Credit Suisse on order of public prosecutor ZURICH, SWITZERLAND – The case that has come to be known as the Magnitski affair has re-surfaced in Switzerland,...
View ArticleWegelin pleads guilty to charges of aiding US tax evaders
GenevaLunch News Switzerland’s oldest bank to pay $58 million fine and close ZURICH, SWITZERLAND – Wegelin & Co. pleaded guilty Thursday 3 January to criminal conspiracy charges in the US, the...
View ArticleDrugs & money laundering brothers get light sentences
GenevaLunch News Deal for first 2 of 19 arrested in French, N African drug, tax evasion scam GENEVA, SWITZERLAND – Two brothers who played key roles in a large North African-French-Swiss fraud scheme...
View ArticleKim Dotcom a step closer to US extradition
GenevaLunch News GENEVA, SWITZERLAND – Kim Dotcom, who founded Megaupload, which was shut down by US authorities in 2012, is one step closer to being extradited from New Zealand to the US. A New...
View ArticleGeneva residents warned about upsurge in border scams
GenevaLunch News Fake border guards threatening drivers for fictive charity collections Ignore them! say border guards – their stories are fake from start to finish GENEVA, SWITZERLAND – Customs...
View ArticleGeneva investigation may have led to former French minister’s undoing
GenevaLunch News Oh, the Gaul of it! GENEVA, SWITZERLAND – An investigation in Geneva appears to have led to Jérôme Cahuzac, former French budget minister, coming clean about his foreign bank account...
View ArticleUS gov’t sues Armstrong over Post Office money
GenevaLunch News GENEVA, SWITZERLAND – The US Department of Justice is reportedly suing former cycling champion Lance Armstrong for $100 million for sponsorship money provided by the US Postal Service....
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