Swiss financier gets 5-1/2 years in jail for fraud



A former Swiss fund manager accused of cheating 2,000 investors out of around 800 million Swiss francs (£637.18 million) was sentenced to 5-1/2 years in jail on Friday, more than a decade after his investment empire collapsed.
The Federal Criminal Court ruling caps a weeks-long trial of Dieter Behring, who was accused of fraud and money laundering.
Behring, who has denied wrongdoing, did not respond immediately to an email request for comment. The ruling is not final as Behring may file an appeal.
The court also ordered the forfeiture of frozen funds and told Behring to pay the government... read more

 
30 September 2016 in Business, Views: 34
Source: Reuters
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