Sunday , December 22 2024
Home / SNB & CHF / Man convicted for fraudulently claiming massive Covid loan

Man convicted for fraudulently claiming massive Covid loan

Summary:
Many people have struggled to make ends meet during the pandemic © Keystone / Christian Beutler A 48-year-old businessman in Geneva has been given a two-year suspended prison sentence for making a fraudulent claim for a Covid loan that was 100 times the correct amount. He was found guilty of fraud and forgery of documents. “You expressly deceived the authorities in connection with the coronavirus pandemic,” the judge at Geneva Criminal Court said on Friday. “Your motive, the desire for profit, is selfish.” The court set the probation period at five years. The man admitted to the acts, according to the court, but played down his responsibility. In spring 2020 the operator of a hairdressing salon filled in the form for credit applications so the business could

Topics:
Swissinfo considers the following as important: , , , ,

This could be interesting, too:

Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?

Connor O'Keeffe writes The Establishment’s “Principles” Are Fake

Per Bylund writes Bitcoiners’ Guide to Austrian Economics

Ron Paul writes What Are We Doing in Syria?

Man convicted for fraudulently claiming massive Covid loan

Many people have struggled to make ends meet during the pandemic © Keystone / Christian Beutler

A 48-year-old businessman in Geneva has been given a two-year suspended prison sentence for making a fraudulent claim for a Covid loan that was 100 times the correct amount. He was found guilty of fraud and forgery of documents.

“You expressly deceived the authorities in connection with the coronavirus pandemic,” the judge at Geneva Criminal Court said on Friday. “Your motive, the desire for profit, is selfish.”

The court set the probation period at five years. The man admitted to the acts, according to the court, but played down his responsibility.

In spring 2020 the operator of a hairdressing salon filled in the form for credit applications so the business could survive the crisis. He then declared a turnover of CHF4.7 million ($4.7 million) – 100 times more than in reality.

“I made a mistake,” explained the Italo-Macedonian, who came to Switzerland at the age of 14 without being able to complete compulsory schooling. “I don’t know anything about computers,” he argued.


Tags: ,,
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *