Rolf Hess, a Swiss entrepreneur, is under investigation in Spain following a criminal complaint from investors who allege he misled them into investing in his company, United Global Water (UGW), despite its poor prospects. High-profile investors, including lawyer Christian Wenger and banker André Bodmer, are among those seeking to recover their funds after Hess repeatedly postponed a promised IPO, citing unfavorable market conditions. The situation highlights growing concerns over Hess’s business practices and the financial impact on his backers.
about Swiss Entrepreneur Rolf Hess Faces Legal Troubles Over Investment Scheme