Huge fraud case: Switzerland issues $ 200 million to the US – News

• Switzerland emits around 200 million dollars to the United States.
• The background to this is one of the largest cases of fraud in recent US economic history.
• The money will now be returned to the injured party.

At the center of the story is Allen Stanford. Using a pyramid scheme, the Texan scammed thousands of investors out of a total of more than seven billion US dollars between 2001 and 2008.

For this he was sentenced in 2012 in the United States to a prison term of 110 years. The criminal assets were confiscated.

Federal criminal court rejects complaints

Switzerland supported the United States in this criminal proceeding. The Federal Office of Justice provided the US authorities with relevant bank documents on various Swiss bank accounts and ordered the confiscation of assets in accounts in Switzerland.

In 2019, the Federal Office of Justice ordered the handover of the blocked assets following the legally binding confiscation order in the US The complaints brought against him were rejected by the Federal Criminal Court on October 16, 2020.