• Home
  • Articles
  • Switzerland freezes $78M linked to US billionaires’ ‘offshore fraud scheme’

Switzerland freezes $78M linked to US billionaires’ ‘offshore fraud scheme’

A Swiss court has frozen nearly $78 million held by a Nevis firm at Mirabaud Bank that originated from Bermuda Commercial Bank and which the U.S. alleges are the proceeds of a bank fraud, tax evasion, and money laundering scheme involving “two U.S. billionaires, Robert Smith and Robert Brockman”.