For two years, Paul Morjanoff tirelessly sent email after email detailing the now-collapsed bank’s misdeeds to the Swiss government. In an interview with finews.asia, he explains why.
The plight of a whistleblower is a difficult one - particularly when they are going up against what was once one of the world’s largest financial institutions.
At first, no one takes you seriously, and when they do, it is often too late as the damage is done.
That is much the predicament former multi-disciplinary research scientist Dr. Paul Morjanoff and his FRCS (Financial Recovery and Consulting Services) team based in Australia have faced in connection with the collapse of Credit Suisse.
Detailed Emails
In the two years before the bank’s demise, he sent 33 emails to every member of the Swiss parliament, as well as to other national governments, the bank’s shareholders, and the bank’s management.
In them, he detailed the alleged misdeeds of what was once the country’s second-largest bank. He even went so far as to predict the eventual consequences.
With the benefit of hindsight, Morjanoff seems prescient, although, when asked, he freely proffers that he rarely caught anyone’s full attention at the time, even as the situation progressively deteriorated.
Now that Credit Suisse has been forcibly shunted into the arms of UBS by the Swiss government, finews.asia decided to catch up with him and find out whether he thought he had accomplished what he had set out to do.
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