The Zurich court has convicted Pierin Vincenz, a former director of a Swiss bank, of fraud at strip clubs. The 65-year-old executive used the company's credit card to visit these clubs, as well as travel and dinner.
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The Swiss population was very interested in the matter, which ended up forcing the country's justice to transfer the judgment to Zurich.
Pierin and Beat Stocker, the former head of a credit card company, paid numerous personal expenses with public money, according to prosecutors. The Zurich court judge considered Pierin's numerous visits were not "in the interest of the bank". Stocker was sentenced to four years, while Vincenz ended up getting three years and nine months in prison.
The Reuters agency published that almost 200,000 francs were spent on behalf of the company in strip clubs. A 700-franc (R$1,000) dinner with a woman Pierin allegedly met on Tinder was also included in the bank accounts as a “job interview”.
Imogen Foulkes, the BBC's Switzerland correspondent, said the case involving a senior executive damaged the image of Raiffeisen, a small cooperative bank with 200 branches that helps local communities.
The Swiss population considers that the bank treated money carelessly, doing exactly the opposite of its function, which is to cherish public money.
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