CS Victims has been established by the representatives of clients of Credit Suisse.
They are victims of an estimated $1billion fraud perpetrated by the Bank’s personnel. Over many years, client funds have been stolen and mismanaged and, to date, Credit Suisse has yet to explain how its personnel were able to bypass compliance and risk management or why better controls were not in place or adequate enough to stop them from doing what they did.
The crimes are currently being investigated by the Geneva prosecutor who has recently called other Credit Suisse employees to explain their actions.
In November 2021, a trial started in Bermuda relating to losses of $400m incurred as a result of mismanagement and fraud at CS Life (Bermuda). The trial follows a decision by the Supreme Court to provide documents including the FINMA report, the PwC investigation and correspondence between Credit Suisse AG and CS Life. Click here for the latest reports.
Current and potential customers should ask themselves: is my money safe with this Bank? If you believe that you have been affected in the same or a similar way or are concerned for any reason at all, please fill in the contact form here and we will respond.
Credit Suisse needs be held accountable for its failures and take responsibility for any and all wrongdoing by its personnel.
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