Dozens of people in Geneva and neighbouring France have been financially ruined after falling for a Ponzi investment scheme.
The Geneva businessman behind the scheme is now in jail.
The Ponzi plan works by paying early investors with the funds of those joining. It’s the same rip-off that was run by the late New York financier Bernard Madoff.
Swiss French TV says there are around 70 victims. It’s thought the man took CHF 8m from his victims.
Schools offer support to students following bar fire
School students in Geneva returned to classrooms yesterday under a heavy emotional cloud, following a deadly New Year’s Eve fire in Crans-Montana.
Macron to visit Switzerland
French President Emmanuel Macron will travel to Switzerland on Friday to attend the national memorial ceremony for the victims of the fire at the Constellation bar in Crans-Montana.
Deep freeze hits Switzerland
Freezing temperatures are gripping Switzerland. Overnight lows plunged deep into the double digits below zero in several regions.
More emergency cold spaces
Geneva is extending its emergency shelters for the homeless as overnight temperatures are set to drop further.
Bern freezes Maduro assets
Switzerland has frozen assets linked to Venezuelan President Nicolás Maduro and other associates.
All Crans victims identified - half were under 17
Authorities in canton Valais say all victims of the New Year’s Eve fire in the resort of Crans-Montana have now been formally identified.
