Mathieu Elias Parreaux declared bankrupt in Switzerland
Conflict of Interest disclaimer: the author has resided in Switzerland, he has taken the Swiss citizenship oath and, from time to time, been party to legal and contractual relationships involving parties referenced in the JuristGate reports. The nature of these relationships is often declared within the research reports although we can't rule out the possibility some relationships or influences have not been explicitly itemized within every report.
In December 2023, the bankruptcy procedure was started against Mathieu Elias Parreaux.
This is a procedure for the bankruptcy of Mr Parreaux in a personal capacity. His business had already been liquidated prior to this.
The Swiss gazette published a provisional alert.
In April 2024, the gazette contained a call to creditors.
In June 2024, the gazette announced they had completed an inventory of assets and a plan for dividing the assets between creditors.
There have been ongoing reports that Mathieu Parreaux is giving people advice about insurance and investments, especially in the crypto market. Anybody obtaining financial advice from Parreaux would be wise to ask him to explain the full circumstances of his own bankruptcy.
In particular, we need to understand whether Parreaux's businesses failed due to his own mistakes or due to wrongdoing by a third party such as an employee or a key supplier to his business.
Normally when a business fails, the personal assets of the directors and shareholders are not subject to the business bankruptcy. We need to understand what is different in this case, why was Mr Parreaux placed in bankruptcy in a personal capacity? For example, was he subject to judgments concerning criminal conduct or a civil judgment to compensate third parties?
Mr Parreaux needs to publish all the documents relating to his bankrupcty, including all the judgments and decisions from FINMA and the debt collection office.
Mr Parreaux's businesses have included a number of people who appear to be close colleagues and family members. The possible family members with the name Parreaux are Arnaud Parreaux, Marla Sofia Parreaux, Didier Parreaux and Hodan Parreaux-Hussein.
Naturally, creditors would like to know if any of the family members or friends have received salary payments or other benefits that could represent a transfer of assets out of the businesses prior to their liquidation.
Conflict of Interest disclaimer: the author has resided in Switzerland, he has taken the Swiss citizenship oath and, from time to time, been party to legal and contractual relationships involving parties referenced in the JuristGate reports. The nature of these relationships is often declared within the research reports although we can't rule out the possibility some relationships or influences have not been explicitly itemized within every report.