Wozchod Handels Bank of Zurich

Wozchod Handels Bank of Zurich was a Swiss bank established in June 1966.[1][2] It was involved in Russian gold trading and was reported to be owned by the Soviet government. Due to trading losses, the bank was liquidated in 1985.[3] It also gained notoriety as a bank used by the American embezzler Stanley Rifkin when he defrauded Security Pacific National Bank in 1978.[4][5][6]

References
  1. Dodis, Diplomatische Dokumente der Schweiz | Documents Diplomatiques Suisses | Documenti Diplomatici Svizzeri | Diplomatic Documents of Switzerland |. "Wozchod Handelsbank AG". dodis.ch. Retrieved 2019-07-26.
  2. "SCHWEIZ / SOWJET-BANK: Morgenröte AG". Spiegel Online. Vol. 39. 1966-09-19. Retrieved 2019-07-26.
  3. https://www.nzz.ch/schweiz/wie-die-sowjetische-wozchod-bank-in-der-schweiz-pleiteging-ld.1673863
  4. "Wozchod Being Liquidated Following Big Loss". AP NEWS. Retrieved 2019-07-26.
  5. "Soviet Bank Drops Trader ZURICH, Nov. 20 (AP) -". The New York Times. 1984-11-21. ISSN 0362-4331. Retrieved 2019-07-26.
  6. "The Soviet Union is liquidating its Swiss bank". Los Angeles Times. 1985-03-04. Retrieved 2019-07-26.


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