Juergen Frick, CEO of Bank Frick & Co. AG Shot Dead Over Investment Fraud
The sins that cry to Heaven for vengeance
Q. 930. What is the third?
A. Oppressing of the poor, which is a cruel, tyrannical, and unjust dealing with inferiors.
Q. 931. What other proof have you of that?
A. Out of Exod. xxii. 21. “Ye shall not hurt the widow and the fatherless: If you do hurt them, they will cry unto me, and I will hear them cry, and my fury shall take indignation, and I will strike thee with the sword.” And out of Isa. x. 1, 2. “Wo to them that make unjust laws, that they might oppress the poor in judgment, and do violence to the cause of the humble of my people.”
Q. 932. What is the fourth?A Liechtenstein banker was shot dead after a feud involving an investment fund, and police said they believe the alleged killer later committed suicide. The 48-year-old man was shot in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the police said on its website today. Neither the victim nor the institution were identified in the statement. The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, according to Switzerland’s Radio 1, which cited employees of his bank. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein license plates, according to police. The authorities later said Hermann appears to have committed suicide after they found the vehicle in Ruggell, 25 kilometers (16 miles) north of Balzers, with his passport and a confession. “Service dogs were able to track the suspect to the banks of the Rhine,” police said in a statement. “Clothing belonging to the suspect was found there. Because of the circumstances and the evidence, suicide has to be assumed.” 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. A police spokesman didn’t immediately respond to telephone calls and e-mails seeking comment. Bank Frick & Co., founded in 1998, specializes in wealth management and investment advice. The firm managed about 3.5 billion Swiss francs ($3.9 billion) of assets on behalf of clients at the end of 2012, according to its website. Hermann Finance Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, according to Radio 1. The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” according to a website registered under the name Juergen Hermann of Hermann Finance AG. He has filed lawsuits seeking recovery of 200 million Swiss francs from the government and 33 million francs from Bank Frick, according to the website. The lender “illegally enriched itself,” among other alleged crimes, it said. A representative of Hermann’s lawyer declined to comment when reached by telephone. A call to an office telephone number listed on Hermann Finance’s website was answered by an employee of a law firm who said his company isn’t related to Hermann Finance. Hermann had been “publicly hostile” to the country’s Financial Market Authority and some of its employees, forcing it to take security measures in consultation with the police, FMA spokesman Beat Krieger said in an e-mail today. Liechtenstein, a country of 36,800 people wedged between Switzerland and Austria, hasn’t seen a homicide since 2011, when three people lost their lives to crime, police said in their annual report. Bank Frick is one of 17 lenders in the Alpine country, according to the Liechtenstein Banking Association. Bloomberg
A. To defraud working men of their wages, which is to lessen, or detain it from them.
Q. 933. What proof have you of it?
A. Out of Eccl. xxxiv. 37. “He that sheddeth blood and he that defraudeth the hired man, are brethren,” and out of James v. 4. “Behold the hire of the workmen that have reaped your fields, which is defrauded by you, crieth, and their cry hath entered into the ears of the Lord God of Sabbath.”