Ex-board members defend themselves against strip club allegations


Lorenz Erni (72) made his big appearance at the Zurich Volkshaus on Friday. His plea, in which the defense attorney tried to clear his client Pierin Vincenz (65) of all allegations of fraud, lasted more than five hours.

Towards the end, Erni devoted himself to spending CHF 200,000 in strip clubs and contact bars, which Vincenz had paid for with the Raiffeisen company credit card. This was also legitimate: “Whether you like it or not: It is a fact that after a hard day of negotiations it was common not only to invite business partners to dinner, but also to nightclubs.” Not least because of this, the King’s Club in Zurich was also called the “strip club of the bankers”. And finally: “Members of the Raiffeisen Board of Directors sometimes went there after meetings.”



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