Hermès heir Nicolas Puech alleges 12 billion euro fraud

The Hermès inheritance is once again in the limelight: heir Nicolas Puech has alleged a 12 billion euro fraud. As reported by Milano Finanza, the descendant of the fashion house accused asset manager Eric Freymond of misappropriating 6 million shares belonging to him, equivalent to a 5.7 percent stake. At current market value, this shareholding would be worth more than 12 billion euros. However, the Geneva Court dismissed the claim.