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  • Ex-bank CEO: $220,000 spent at strip clubs was business expense

    01/25/2022 6:12:50 PM PST · by DUMBGRUNT · 25 replies
    NY Post ^ | 25 Jan 2022 | Ariel Zilber
    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.