Apr 08

The headquarters of Bank Frick & Co. AG stands in Balzers near Vaduz, Liechtenstein
The headquarters of Bank Frick & Co. AG stands in Balzers near Vaduz, Liechtenstein

Murdered Liechtenstein Bank Chief Had Sued Suspect for Extortion (Bloomberg, April 8, 2014):

The murdered chief executive officer of Bank Frick & Co. AG had sued his alleged killer for extortion three years ago, according to the Liechtenstein private bank.

Juergen Frick, 48, was shot yesterday in the firm’s underground garage in the town of Balzers. The suspect, Juergen Hermann, fled the scene and appears to have later committed suicide, according to a police statement.

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Apr 07

CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight (ZeroHedge, April 7, 2014):

Over the weekend the world was gripped by the drama surrounding the mysterious murder-homicide of the former CEO of Dutch bank ABN Amro and members of his family, and whether there is more foul play than meets the eye. However, that is nothing compared to what just happened in the tiny, and all too quiet Principality of Lichtenstein, where moments ago the CEO of local financial institution Bank Frick & Co. AG, Juergen Frick, was shot dead in the underground garage of the bank located in the city of Balzers.


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Based on preliminary reports, the murder is the result of a disgruntled fund manager, Juergen Germann, who had previously been embroiled in a “bitter dispute” with the government and the bank.

Bloomberg has more:

A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement.

The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details.

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Mar 25

The “Wealth Tax” Contagion Is Rapidly Spreading: Switzerland, Cyprus And Now …. (ZeroHedge, March 25, 2013):

It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of unprecedented DOJ pressure the local banks will soon breach all client confidentiality and expose all US citizens who still have cash in the former tax haven under the assumption that they are all tax evaders and violators. And in the continuum of creeping wealth taxes which first started in Switzerland, then Cyprus, and soon who knows where else, there was just one question: “The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Liechtenstein? Or Singapore?” Today we got the answer, and yes it was one of the abovementioned usual suspects. The winner is…. Liechtenstein.

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