The federal prosecutor’s office has launched a criminal investigation into Philipp Hildebrand, the former chairman of the Swiss National Bank who resigned in January 2012, a Swiss magazine says.  Hildebrand’s wife,  Kashya Hildebrand, a former currency trader and Zurich art gallery owner, made a 75,000-franc profit when she purchased $504,000 and resold it three weeks later after the franc lost value following an intervention by the central bank.  Philipp Hildebrand has denied insider trading although he admitted to making a mistake by not cancelling the trade when he became aware of it because it was on the couple’s joint account.”

http://www.thelocal.ch/20130822/swiss-probe-launched-against-former-snb-chair

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