An 81-year-old heir to the Hermès fortune, Nicolas Puech, claims a mind-boggling $13 billion has vanished. He says his six million Hermès shares have disappeared without a trace.
Accusations of a Massive Fraud
Puech accuses his former financial advisor, Eric Freymond, of orchestrating a massive, decades-long fraud. He’s filed lawsuits in Geneva, but so far, the courts have dismissed them due to lack of evidence and what they see as Puech’s poor financial record-keeping.
Freymond’s Counterclaim
Freymond denies all wrongdoing. He counters that Puech might be fabricating the story to avoid inheritance taxes or secretly transfer his wealth to employees. The legal battle is far from over.
The Hermès Legacy
Hermès, founded in 1837, started by making horse harnesses. Today, it’s a global luxury brand known for its high-end leather goods, accessories, and clothing. The family’s current legal troubles cast a shadow on this prestigious legacy.
The Ongoing Mystery
The mystery of the missing billions continues to unfold, with the Hermès family and others working to uncover the truth behind this high-stakes drama. The legal battle is ongoing, and the outcome remains uncertain.
