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How a French golden boy stole 60 million and sank the oldest Swiss bank

2022-01-24T12:02:57.814Z

SEEN FROM ELSEWHERE - The ex-banker Fabien Gaglio will be tried in Geneva for having looted the accounts of his clients. He also offered them dream vacations, with yachts and private jets. Revelations on an extraordinary affair.



After eight years of investigation, the hour of judgment has come.

Next March, one of the smartest crooks to have cracked down on Swiss private banks will appear before the Geneva Criminal Court.

Fabien Gaglio risks up to 10 years in prison for having embezzled more than 60 million francs to the detriment of Canadian, Italian or American customers.

He is presumed innocent until the trial, but has already admitted the main facts.

Read alsoMadoff, the biggest crook on Wall Street

Aged 48, the sole defendant ticks all the boxes for this kind of business.

Frenchman with southern charm, Fabien Gaglio was seen as a financial genius.

He had developed a close relationship with his clients.

He was unmasked by chance, almost on a stroke of luck.

Added to this is a particularity that makes the salt of this file.

According to the indictment that we obtained, the ex-wealth manager allegedly embezzled some 9 million for himself and his family.

But above all, he used his clients' money to offer them…

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Source: lefigaro

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