This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Investors in Zurich-based company Crowdhouse are facing hefty additional costs due to rising interest rates. The company, which promised high returns on investment properties, is now seeking to recoup these costs from tenants. One affected tenant in the Bernese hinterland is reportedly being asked to pay nearly CHF 18,000 ($19,000) in additional charges, while a total of CHF 143,000 ($152,000) is owed by all 36 tenants. The tenants are now taking action against Crowdhouse, accusing the company of issuing false invoices and luring new tenants with misleading offers. Crowdhouse, however, denies any wrongdoing and claims to provide transparent accounting in accordance with the law. The company’s founder, Francisco Fernandez, who invested part of his fortune in Crowdhouse, has recently been rumored to be considering an exit from the company. The Luzerner Kantonalbank, another early investor, sold its stake five years ago.