Because of the great public interest in the case, the trial was held in a concert hall rather than a courthouse in Zurich.
It is stated that the former Chairman of Raiffeisen Bank and the former boss of a credit card company that has been accused of will appeal the decision.
According to prosecutors, Vincenz and Stocker made an unfair profit by buying companies on behalf of the company, from which they had secretly acquired shares.
Stocker was sentenced to 4 years and Vincenz, who was once voted banker of the year in Switzerland, was sentenced to 3 years and 9 months in prison.
According to Swiss media, the judge ruled that Vincenz’s very weak visit to strip clubs was not in the bank’s best interests.
According to Reuters, the strip club expenses, which amounted to $ 214,000, were withdrawn from the company’s credit card as if they were business-related expenses.
Vincenz’s 700 Swiss franc dinner with a woman he met on Tinder, the matchmaking app, was described as a “job interview”.