Zurich, Switzerland - Ex-Manager of Israel's Bank Leumi Sentenced to Jail for Embezzling Customers' Funds

Zurich, Switzerland - A Swiss court has sentenced a former branch manager of Israel's Bank Leumi to eight years in prison for a string of fraud-related offenses. The district court in Zurich says 57-year-old Ernst Imfeld is guilty of mismanaging and embezzling customer funds as well as falsifying documents. Prosecutors says Imfeld lost about 150 million Swiss francs (now worth $125 million...