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Hottinger & Cie

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2013

    Fraud involving an external asset-management business

    Fabien Gaglio, described in the reference material as a private banker and shareholder of the franchise, admitted operating a long-running Ponzi scheme and reported that the proceeds had been lost. He was later sentenced in Luxembourg to five years in prison, with part of the sentence eligible for parole, and fined €150,000. The associated losses contributed to the liquidation of Hottinger’s Swiss division in 2015.

    Source