Former Swiss 'Banker of the Year' Convicted in Fraud Trial

From money.usnews.com

Swiss judges found former Raiffeisen Switzerland Chief Executive Pierin Vincenz guilty of fraud on Wednesday, sentencing him to nearly four years in jail at the end of a trial which focused on his huge strip club bills and use of company expenses. After one of Switzerland's highest-profile corporate crime trials in decades, Zurich's district court convicted Vincenz, a former Swiss 'banker of the year' who was charged with making millions through illicit deals while he was CEO of the bank. Vincenz, who was acquitted on several counts, was also fined 840,000 Swiss francs ($900,600) as the court found the 65-year-old ... (full story)