Ruvercap Investors Pursue Criminal Complaint


Investors in Ruvercap Investments have lodged a criminal complaint in Zurich against the asset manager as well as as well its has learned.

Investors are seeking to press criminal charges against Ruvercap Investment as well as co-founders Marc Clapasson and Jon Turnes in Zurich, a source familiar with the move told on Friday. The complaint against the private debt boutique follows the alleged disappearance of several hundred million in funds, as reported.

Several investors have spent recent months gathering evidence which they have recently handed over to a prosecutor in Zurich, who would not comment. It is up to the prosecutor whether to open a formal investigation, which could lead to criminal charges.

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