Swiss financial fraud case draws Madoff parallels

10th August 2010, Comments 0 comments

Four people are on trial for alleged financial fraud in a Swiss court case that is drawing parallels to that of Bernard Madoff, the former stock broker jailed for bilking thousands of investors of billions of dollars in the US. The sums involved are smaller, but those accused - including a German sought on an international warrant for arrest - used a similarly bogus approach to steal 15 million francs, prosecutors say.

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