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History
1999: Pierin Vincenz (65) became CEO of Raiffeisen Switzerland and Chairman of the Board of Directors of Aduno.
June 2005: Vincenz and Beat Stocker (62) founded the investment vehicle iFinance Management AG (iFM) in Zug.
September 2005: iFM invests in Commtrain.
April 2006: Stocker becomes CEO of Aduno.
April 2007: Aduno completed the acquisition of Commtrain.
April 2011: Stocker is stepping down as CEO of Aduno.
June 2011: By shaking hands, Stocker becomes Investnet’s silent partner.
January 2012: Acquisition of Genève Credit & Leasing (GCL) by Aduno.
March 2012: Raiffeisen is buying a stake in Investnet.
May 2013: Vincenz and Stocker participate in Eurobaution.
June 2014: Vincenz destroys a room at the luxury Park Hyatt hotel in Zurich after an argument with a dancer.
September 2014: Aduno decides to purchase Eurobaution.
September 2015: Early departure of Vincenz as CEO Raiffeisen.
April 2016: Journalist Lukas Hässig steps things up with his article titled “Pierin Vincenz in vortex over explosive payments”.
June 2017: Vincenz resigned as Aduno’s chairman.
December 2017: Aduno files charges against Vincenz and Stocker.
February 2018: A criminal case is opened, Vincenz and Stocker are arrested and detained for 106 days.
February 2018: Raiffeisen files a criminal complaint against Vincenz.
November 2020: The public prosecutor is filing a criminal complaint.
Hearing and decision
January 25, 2022: Due to space constraints at the Zurich Volkshaus, the four-day Vincenz trial began in the Zurich District Court. The process has been extended.
February 9, 2022: additional trial day
8 March 2022: Pierin Vincenz’s trial will last four days in March.
22 March 2022: The end of the greatest economic period in recent decades.
April 12, 2022: Vincenz was found guilty by the Zurich District Court and sentenced to three years and nine months in prison. His business partners and former Aduno CEO Beat Stocker were also convicted.
January 11, 2023: Written reasons for the decision are available on 1200 pages of the Zurich Regional Court.
February 12, 2023: Vincenz’s lawyer, Lorenz Erni, is appealing the decision of the Zurich District Court, as is the Zurich Public Prosecutor’s Office.
May 10, 2023: The Zurich Supreme Court announced that the trial should continue in July 2024.
July 10, 2023: New allegations against Pierin Vincenz are coming to light. This relates to the capital increase of the Leonteq company in 2014. The prosecutor’s office launched an investigation. But he also said the case would likely be stayed.
February 20, 2024: The Zurich Supreme Court overturned the district court’s decision against Pierin Vincenz due to “serious procedural errors”. The case against the fallen star banker is starting again.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
