News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

Swiss banker jailed in fraud case after putting strip clubs and dates on expenses

Ex-Raiffeisen Bank boss Pierin Vincenz sentenced to nearly four years

The relationship maintenance that Pierin Vincenz, pictured, carried out in cabarets, strip clubs and contact bars ‘was no longer in the primary interest of Raiffeisen’
The relationship maintenance that Pierin Vincenz, pictured, carried out in cabarets, strip clubs and contact bars ‘was no longer in the primary interest of Raiffeisen’ Photo: Matthew Lloyd/Getty Images

Switzerland’s former ‘banker of the year’ has been jailed after a fraud trial revealed he used company expenses for strip clubs, Tinder dates, holidays and dinners.

Pierin Vincenz, who was previously chief executive of Raiffeisen Bank, was sentenced to nearly four years in prison for charges including fraud after a Zurich court heard he had used his company credit card to rack up some £165,000 in strip club visits described as largely business-related, Reuters reported.

WSJ Logo