Timeline

Fabien Gaglio has admitted that his fraud began years before joining Hottinger & Partners SA. Many of Gaglio’s clients had also been in his care for a long time before the fraud was exposed. This timeline tracks Gaglio’s career and the key events after the crime was discovered.

1998-2001

Fabien Gaglio worked at Union Investment Management in London

2001

Gaglio worked at Merrill Lynch in London

2001

Start of the relationship between Gaglio and Giorgio Moroder as a client

2001-2004

Gaglio worked at Rothschild in London

2005

Gaglio jointed Hottinger & Partners SA in Geneva

2007

The Benedeks become clients of Gaglio

2007

Tilman Reissfelder becomes a client of Gaglio

2010

HCTG SA was established in Luxembourg by Gaglio and Jean-François de Clermont Tonnerre

March 2011

Fraudulent €2 million investment by Gaglio in Eventteam SA

July 2011

Fraudulent $5 million transfer to Hong Kong by Gaglio

September 2011

Gaglio received the award of the Society of Trust and Estate Practitioners for the “Private Banking Team of the Year” in London

3rd January 2013

Discovery of the fraud by Clermont-Tonnerre and SA

23rd January 2013

Gaglio surrendered to the French Police

15th March 2013

Deloitte report published

20th March 2013

HCTG SA in Luxembourg declared bankrupt

August 2014

Start of investigation in Switzerland

October 2015

Collapse of Bank Hottinger & Cie

14th July 2016

First Judgement sentencing Gaglio to prison (Luxembourg)

3rd May 2017

Second judgement confirming Gaglio’s sentence (Luxembourg)

2018-

Swiss investigations still ongoing