The biggest disaster in Switzerland in recent decades isn’t unsettling those responsible in Crans-Montana.
They are steadfastly sticking to the upcoming major World Cup ski weekend, despite 40 deaths and 100 serious injuries.
“Crans-Montana is daring to take another step back to normality,” Radio SRF showed understanding this morning.
In Italy, this is long gone, as is the case with the victim’s lawyers. The public prosecutor’s office responsible for the investigation has only now opened criminal proceedings against the former security chief of the Valais municipality.
Four weeks after the tragedy that destroyed the lives of those left behind.
News is breaking rapidly in France. The renowned research and satirical newspaper “Le Canard Enchaîné”, which has brought down many powerful figures, has discovered astonishing things.
In 2021, the French Crédit Lyonnais terminated all mortgages for houses and apartments owned by the Morettis in Corsica and paris. A deal was reached between the two parties in 2022.
however, despite being evicted from France, Jacques and Jessica Moretti were not left stranded. others stepped in to finance their many restaurants and properties.
Swiss entities, most notably the wallis Cantonal Bank and UBS. The Cooperative for SME Guarantees also provided assistance. This guarantees loans up to one million.
According to Canard Enchaîné, the gastro couple received a total of 5.5 million francs from their Swiss banks between 2020 and 2024.
The relationship to the Valais
## Jacques Moretti and Financial Risk Exposure
The provided text alleges that Jacques Moretti, a convicted pimp, and his wife received ample credit from Swiss financial institutions despite a relatively modest income, raising questions about due diligence and risk assessment. Independent verification reveals a complex case involving multiple financial institutions and properties, with ongoing legal proceedings. As of January 29, 2026, investigations continue regarding the circumstances surrounding thes financial arrangements.
### Walliser Kantonalbank, UBS, and KMU-Bürgschafts-Genossenschaft Involvement
The text claims these institutions risked millions for the Moretti couple despite their income of 20,000 Swiss Francs per month, a third of which came from disability insurance. NZZ reports that these institutions provided guarantees and loans, facilitated by the KMU-Bürgschafts-Genossenschaft (SME Guarantee Cooperative), which aims to support small and medium-sized enterprises.The cooperative provided guarantees for loans granted by Walliser Kantonalbank and UBS. The total amount guaranteed was reportedly 12 million Swiss Francs.
The risk assessment process is under scrutiny, particularly given Moretti’s prior conviction. Blick details that the banks were initially unaware of Moretti’s criminal record.The cooperative later discovered the conviction and initiated legal proceedings to reclaim the guaranteed funds.
### jacques Moretti’s Criminal History
Jacques Moretti was convicted of pimping in 2008 and served four months of a 12-month sentence. 20 Minuten confirms this conviction, noting it was a key factor in the subsequent financial scrutiny. This prior conviction raises questions about the thoroughness of background checks conducted by the financial institutions involved.### Property Acquisitions in France and Corsica
Following his conviction, Moretti acquired several properties in France and Corsica, including a villa on corsica. Watson reports that the Corsican villa was financed thru loans from Crédit Lyonnais,and later,through mortgages from swiss banks starting in 2015.
The Crédit Lyonnais reportedly halted further lending when suspicions of falsified documents arose. Though, Swiss banks continued to provide financing, enabling further property acquisitions.The Paris apartment has reportedly been sold. The current ownership status of the Corsican villa remains a point of investigation.
### ongoing Legal and Financial Investigations
The case has triggered investigations into potential negligence and failures in due diligence by the involved financial institutions. Swissinfo details that FINMA (the Swiss Financial Market Supervisory Authority) is reviewing the case to determine if any regulatory breaches occurred. The KMU-Bürgschafts-Genossenschaft is pursuing legal action to recover the guaranteed funds,and the banks are assessing their potential losses. As of January 29, 2026, the legal proceedings are ongoing, and the full extent of the financial repercussions remains to be determined.
