{"id":10856,"date":"2009-06-19T00:00:00","date_gmt":"2009-06-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"switzerland-investigates-santander","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/switzerland-investigates-santander.html","title":{"rendered":"Switzerland Investigates Santander"},"content":{"rendered":"<p>Wealth Bulletin &#8211; Geneva&#8217;s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA&#8217;s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff&#8217;s Ponzi scheme.<\/p>\n<p>The formal investigation was opened following a complaint by Geneva Partners, an independent investment fund that bought financial products from Santander&#8217;s Geneva-based hedge-fund unit, Optimal Investment Services SA.<\/p>\n<p>Dario Zanni, Geneva&#8217;s public prosecutor, said the inquiry would look at whether Optimal&#8217;s former chief executive, Manuel Echeverria, did the fact-finding claimed in the firm&#8217;s documents. &quot;We have some suspicion about his [work],&quot; Mr. Zanni said. &quot;We are not sure he was doing his job compliant with his duties.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.wealth-bulletin.com\/home\/content\/1054488238\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wealth Bulletin &#8211; Geneva&#8217;s public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA&#8217;s hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff&#8217;s Ponzi scheme. The formal investigation was opened following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6598,67,10595,13271,13272,13270,13269,49,11148,10584,2972,6602,465,4504,4249,6600,4248,13267,13273,13268],"class_list":["post-10856","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-banco-santander","tag-chief-executive","tag-compliant","tag-criminal-investigation","tag-dario","tag-echeverria","tag-formal-investigation","tag-geneva","tag-hedge-fund","tag-independent-investment","tag-investigation-into-allegations","tag-investment-services","tag-investment-fund","tag-investors","tag-madoff","tag-optimal-investment","tag-ponzi-scheme","tag-public-prosecutor","tag-suspicion","tag-zanni"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10856"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10856\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}