The main component of the scandal is the money belonging to Ivanishvili, who claims to have lost $550 million.
#Money manager ex dead series#
The Frenchman subsequently was convicted of fraud and a series of other related crimes. This was also the reason why the bank eventually got rid of him. Still, Lescaudron came under suspicion of having pocketed some of the money he managed and it wasn’t small fry either: the sum in question was well north of 100 million francs. One of his charges was Bidzina Ivanishvili, an ex-prime minister of Georgia and oligarch. The French banker, who used to work for Credit Suisse in Geneva, was known as the bank’s man for Russia, earning huge fees for his employer in his job as relationship manager. His death is another chapter in the long-running affair that involves a lot of money, fraud and requests for compensation. In July, Lescaudron committed suicide, according to « Handelszeitung». He concluded that he was due close his LinkedIn account and quite probably leave Switzerland. The French banker complained about his inability to get a new job, despite numerous attempts, and the fact that his residence permit was due to expire, despite having paid more than 7 million francs in taxes over a sixteen-year period. Patrice Lescaudron, 57, in May 2020 published posts on his LinkedIn-profile that suggested he was about to say farewell, as was noted by at the time. Patrice Lescaudron, the banker who used to manage assets of rich Eastern Europeans at Credit Suisse in Geneva, and became embroiled in a fraud scandal that still rages across the globe, has committed suicide.
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