A Singaporean court jailed the former branch manager of Falcon Private Bank Jens Sturzenegger for 28 weeks and fined him S$128,000 (US$89,100) on charges arising from a probe into suspicious fund flows linked to Malaysian state investment fund 1MDB, Bloomberg reported.
In sentencing the Swiss banker, the judge said Sturzenegger engaged in “persistent, deceitful conduct in lying” to the authorities, Bloomberg said.
U.S.A. Investigating Swiss –Pictet & Cie. Bank .
During this period of extreme scrutiny of the Pictet Bank by the SEC. in the USA and the decades long internet campaign listed below has led to four partners of the Bank quitting — jumping ship.
Phillipe Bertherat .
Jean Francoise Demole ..
Jacques De Saussure.
These four being four of the original seven partners.
They could see their multi million pound fortunes being put in jeopardy.
They also knew that after seeing their co-conspirator Madoff get sent to jail for 150 years —–they could risk going to jail themselves.
Full Story.—-Google. Ivan pictet/monty raphael
Swiss Bank Accounts. —-Jan .—- 2017.( Updated.)
Is your monies safe in these accounts —- definitely NOT.
Would you get your money back if every body decided to withdraw all their accounts – NO WAY.
Economic Experts say that there would only enough money to repay 50% of their clients.
Are you going to be in the 50% — that loose your money.– Get it out NOW.
Pictet & Cie were adamant that they had no involvement with MADOFF — they lied again —-
they let him steal the monies then conned it off him .
Madoff got 150years in prison —- Ivan Pictet got a medal of Honour.
2012 — – June. — Published in Anglo INFO .Geneva.— USA Trust Fund Investors were sent false and fraudulent documents by Pictet Bank.Switzerland. in order to collect large fees. ( Like MADOFF) —Even after the SEC in the USA uncovered the fraud Pictet continued to charge fees and drain whatever was left in these accounts. Estimated that $90,000,000 million lost in this Pictet Ponzi scheme.
2012 – – – July. — De – Spiegel. — states – Pictet Bank uses a letterbox company in Panama and a tax loophole involving investments in London to gain German millionaires as clients.
2012 – – – August —- German Opposition Leader accuses Swiss Banks of "organised crime."
Ivan Pictet in Oct .2013— Given the Legion of Honour — but saying that — the honour was given to Hitler —Eichmann — Mussolini — Franco — he’s in fitting company – so there.
April.2015.—- Inner City Press – United Nations Joint Staff Pension Fund.
Pension Fund .( $53 Billion.) – – – The spokesman FARHAN HAQ would not answer whether
Investment chairman – IVAN PICTET had to quit — after allegations made by some staff —
–" once a crook always a crook".
All the fines that crooked Swiss banks have incurred in the last few years exceeds £75.Billion.
It is also calculated that the secrecy " agreements" with regards to tax evation by their clients will cost the banks another £450 Billion.( paid out of your monies.).
The banks are panicking — the are quickly restructuring their banks —- from partnerships —
to " LIMITED COMPANIES." —– Pictet & Cie and Lombard Odier have been advised to become limited liability companies to avoid their own monies being at risk seeing what happened to the other two big private banks Wegelin Bank and Hottinger Bank who went bankrupt. I’ll bet they haven’t advised their client/investors that they have this problem.
Four of the seven partners at the Pictet Bank have jumped ship on the last few years.
Full Story —— Google.— Ivan Pictet / Monty raphael
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