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Ex-bank CEO: $220,000 spent at strip clubs was business expense
NY Post ^ | 25 Jan 2022 | Ariel Zilber

Posted on 01/25/2022 6:12:50 PM PST by DUMBGRUNT

A one-time Swiss banking CEO who is on trial for fraud now says that the nearly $220,000 he spent at strip clubs was a legitimate business expense.

Meanwhile, Swiss prosecutors have also alleged that Vincenz ran up a $4,500 hotel bill that included repairs to the room after he and a stripper he was dating at the time got into a “massive” fight that caused significant damage.

Prosecutors want the 65-year-old Vincenz and his co-defendants to pay restitution totaling $77 million and serve six years in prison.

All seven who have been charged are denying the allegations.

(Excerpt) Read more at nypost.com ...


TOPICS: Chit/Chat; Humor
KEYWORDS: xceo
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To: DUMBGRUNT

Egoist, indeed.


21 posted on 01/25/2022 7:33:04 PM PST by ViLaLuz (2 Chronicles 7:14)
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To: AZJeep

Yeah. We had one client. Fedgov. He was his boss’ “fixer.” He could solve any bureaucratic problem. His boss said, “Take care of him.” So, we did anything that was legal. Last I checked, strip clubs are depressing, but legal (at least in the jurisdiction in which we worked).


22 posted on 01/25/2022 7:49:53 PM PST by sitetest (Professional patient. No longer mostly dead. Again. It's getting to be a habit.)
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To: DUMBGRUNT; Lazamataz

This case requires the testimony of an expert witness, Lazamataz.

Plus, it appears there may soon be a CEO position open at a Swiss bank for which he is extremely well qualified.


23 posted on 01/25/2022 8:58:46 PM PST by Natty Bumppo@frontier.net (We are the dangerous ones, who stand between all we love and a more dangerous world.)
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To: DUMBGRUNT

Of course, a lot of business deals have been made at strip clubs over the years. Especially when foreigners come to town. Saudi Businessmen, especially love their strip clubs.


24 posted on 01/25/2022 9:01:39 PM PST by dfwgator (Endut! Hoch Hech!)
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To: DUMBGRUNT
This is the kind of guy that investors trust with their money and subordinates trust to insure that their jobs are not destroyed by someone running the company into the ground?

“.....Vincenz ran up a $4,500 hotel bill that included repairs to the room after he and a stripper he was dating at the time got into a “massive” fight that caused significant damage...”

You have to wonder at the definition of “dating” was.

25 posted on 01/26/2022 12:38:39 AM PST by Robert357
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To: ClearCase_guy

Here I thought it was a medical expense for low blood pressure.


26 posted on 01/26/2022 6:03:23 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix) )
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