2023-10-07 18:49:09
Raiffeisen wants to confiscate Pierin Vincenz’s pension
Three life insurance policies worth 4.5 million francs are to be taken away from the ex-bank boss and his ex-wife. After all, he got rid of a new criminal case.
How does Pierin Vincenz actually live? This question has been asked for years. The former Raiffeisen boss himself claims that he lives on the AHV. The list of his confiscated accounts, properties and cash assets filled three pages in the Zurich public prosecutor’s indictment for fraud and other alleged crimes and included assets worth 20 million francs.
Villa in Teufen is being sold
And everyone wants money from Vincenz: Peter Spuhler, railway patron and SVP politician, helped Vincenz out with a loan of 6.5 million francs when Raiffeisen no longer wanted to finance his villa in Teufen AR. In the meantime, Spuhler wants his money back, the sales process has been initiated, but Vincenz’s house cannot be sold at the asking price. He is still waiting for repayment.
Dölf Früh, entrepreneur from eastern Switzerland and former president of the St. Gallen football club, is waiting for his loan of around 4.3 million francs to be repaid. The Zurich public prosecutor’s office, the credit card company Viseca and, last but not least, Vincenz’s former employer Raiffeisen are also waiting for a lot of money. Before the criminal trial last year, it was said that Vincenz had accumulated debts amounting to 23 million francs.
Raiffeisen is losing patience
Vincenz himself doesn’t seem to feel much of it. In any case, he goes golfing to Mallorca, sailing to Croatia and mostly lives comfortably in one of his two houses in Ticino. One will probably go under the hammer soon (see report in the SonntagsZeitung from last week).
Now things are obviously getting too colorful for Raiffeisen. She is petitioning the Zurich Higher Court to confiscate Vincenz’s three life insurance policies from Helvetia Insurance. This emerges from a court order dated September 27th, which is available to the SonntagsZeitung.
Vincenz had accumulated large pension assets during his time as Raiffeisen boss and later as chairman of the board of directors at Helvetia. During the course of the court hearing, it emerged that he had a balance with the Helvetia pension fund worth 11 million francs paid out early and 2 million francs of it transferred to his ex-wife Nadja Ceregato.
The lawyers of the credit card company Viseca, the former Aduno, had the funds blocked immediately – as security for their claims of around 8 million francs. 4.5 million, which are still available for Vincenz at Helvetia, were also blocked. A year ago However, after a supplementary judgment, Ceregato’s share was released again.
Now Raiffeisen is trying to get its hands on the life insurance policies worth 4.5 million francs. The court decision also states that the daughter of the deceased Vincenz business partner Peter Wüst, who was convicted in the first instance, is allowed to sell a holiday apartment in Locarno. However, the money from the proceeds remains blocked. Raiffeisen has also asserted claims here.
Second criminal case discontinued
But there is good news for Vincenz: the Zurich public prosecutor’s office recently closed proceedings. The secret proceedings, which the SonntagsZeitung made public at the beginning of July, affected Vincenz, his business partner Beat Stocker, the founder of the financial products provider Leonteq, Jan Schoch, and the current Leonteq boss Lukas Ruflin.
The proceedings were related to a capital increase by Leonteq in the summer of 2014. The public prosecutor’s office originally had sufficient grounds to suspect that there could have been secret flows of money. There were allegations of fraud or unfaithful business dealings.
The allegations are apparently off the table. Erich Wenzinger, spokesman for the Zurich Public Prosecutor’s Office, confirms: “The Public Prosecutor’s Office III of the Canton of Zurich has discontinued the investigation into events in connection with the acquisition of Leonteq AG by the Raiffeisen Switzerland Cooperative with an order dated September 25, 2023. The order is not yet legally binding; it was sent to the parties on Wednesday, October 4, 2023.”
This does not affect the allegations from the first criminal proceedings, for which Vincenz was sentenced in April 2022 to a prison sentence of three years and nine months and an additional fine of 850,000 francs. Vincenz has lodged an objection against the verdict. The appeal hearing before the High Court is expected next spring.
.
Found an error? Report now.
1696776974
#Raiffeisen #scandal #Raiffeisen #confiscate #Pierin #Vincenzs #pension