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Riskified Ltd., an Israeli software publishing company, specializes in e-commerce risk management through its advanced platform. Utilizing machine learning, it enhances transaction security and helps merchants provide seamless customer experiences, regardless of business growth.
Peter Spuhler, CEO of Stadler Rail, is pursuing 6.4 million Swiss francs from former Raiffeisen CEO Pierin Vincenz, who failed to fully repay a loan for a luxury villa. Vincenz has not made interest payments since 2022, and his assets are frozen amid ongoing legal issues. Spuhler has initiated debt enforcement proceedings to potentially foreclose on the villa in Teufen AR, as Vincenz struggles to sell the property.
Peter Spuhler is pursuing former Raiffeisen boss Pierin Vincenz for over CHF 6.4 million related to a luxury villa in Teufen, Appenzell, after Vincenz stopped making interest payments at the end of 2022. Spuhler has initiated debt enforcement proceedings, potentially leading to a forced sale of the villa, which has been on the market since summer 2022 without buyers at the CHF 12 million asking price. An auction could occur as early as spring 2025 if the situation remains unresolved.
Peter Spuhler has initiated debt enforcement proceedings against Pierin Vincenz, the former Raiffeisen boss, over a CHF 6.4 million loan for a luxury villa in Teufen. Vincenz has not paid interest since late 2022, prompting Spuhler to pursue a forced sale of the property, which has been on the market since summer 2022 without any buyers. The liquidation process could begin as early as December, with a potential sale completed by early 2025.
Raiffeisen is facing a potential write-off of 500 million due to failed IT projects, including the costly replacement of the Finfox investment solution and a new e-banking system, each exceeding 100 million without delivering results. Despite promises of an agile transformation, the bank has fallen behind competitors, with CEO Heinz Huber involved in the decision-making process. A review in summer 2024 revealed the need for adjustments in project durations and scopes.
The U.S. is investigating Russian clients acquired by UBS during its takeover of Credit Suisse, amid heightened scrutiny of the bank"s compliance with sanctions. OFAC has engaged with UBS regarding the management of these accounts, emphasizing the need to address potential risks to avoid penalties. Swiss regulators are also monitoring UBS"s anti-money laundering practices closely.
Stéphanie, a former marketing manager at UBS, discovered her role in facilitating tax evasion for wealthy clients after being pressured to destroy incriminating files. Following her whistleblowing, she faced harassment and job loss, while UBS was fined €1.8 billion, leaving her without support and questioning the ethics of her actions.
Tidjane Thiam, former CEO of Credit Suisse and current president of the PDCI, faces serious allegations of espionage that threaten his political aspirations in Côte d'Ivoire. Accusations include overseeing the surveillance of businessman Damien Dernoncourt and other executives, raising doubts about his integrity and suitability for leadership. As investigations continue, Thiam must confront his controversial past to gain the trust of Ivorian citizens.
The Zurich High Court has dismissed complaints against prosecutors in the ongoing case of former Raiffeisen boss Pierin Vincenz, ruling they were not biased despite the involvement of external experts in the indictment review. Vincenz and co-defendants can still appeal to the Federal Supreme Court, following a previous ruling that found serious flaws in the lengthy indictment. The case revolves around allegations that the accused secretly invested in companies, profiting from Raiffeisen Group"s subsequent acquisitions.
The Zurich Supreme Court ruled that prosecutors in the Pierin Vincenz case were not biased, rejecting defense appeals for disqualification. Vincenz, former Raiffeisen boss, was previously sentenced for disloyal management and breach of trust, with the Supreme Court ordering improvements to the flawed indictment before a new trial.
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