Wozchod Handels Bank of Zurich controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1984
Trading losses and collapse
Trading losses made public in November 1984 preceded the bank's liquidation in 1985. The available material does not provide a precise loss amount or a detailed account of the transactions that generated the losses.
1978
Stanley Rifkin embezzlement
Wozchod was involved in the banking chain used by Stanley Rifkin in his fraudulent transfer from Security Pacific National Bank. The available source identifies the bank's use in the transaction but does not establish institutional complicity.
Cold War political and intelligence associations
Historical accounts describe Wozchod and the Soviet embassy in Bern as bases for Soviet operations in Switzerland, and characterize the bank as a financier of pro-Soviet and pro-Communist propaganda and intelligence activities.