Ex-bank CEO: $220,000 spent at strip clubs was business expense

A one-time Swiss banking CEO who is on trial for fraud now says that the nearly $220,000 he spent at strip clubs was a legitimate business expense.

Pierin Vincenz, the former head of the bank Raiffeisen Switzerland, who was once honored as “banker of the year,” also claimed in a Swiss court that he spent $760 on dinner with a woman he met on Tinder because he was thinking of hiring her for a real estate job.

Meanwhile, Swiss prosecutors have also alleged that Vincenz ran up a $4,500 hotel bill that included repairs to the room after he and a stripper he was dating at the time got into a “massive” fight that caused significant damage.