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  • Report:  #1285600

Complaint Review: Baumann Gallus & Partners

Baumann, Gallus & Partners jean-marc baumann swiss accounts, they invested my money in very speculative areas and lost it all. I wanted moderate investments. they won't return my calls. Zurich switzerland

  • Reported By:
    samacty — Robbinsdale Minnesota USA
  • Submitted:
    Sat, February 06, 2016
  • Updated:
    Wed, November 15, 2017
  • Baumann, Gallus & Partners
    Am Schanzengraben 27
    Zurich,
    Switzerland
  • Phone:
    41 43 888 6400
  • Category:

I was introduced to Baumann by an officer from UBS in Zurich.

I invested my money with them because I trusted the  UBS officer.

They were to invest my money in a "moderate" risk type investment.

Instead they invesested it in a very speculative risky bond in the Phillipines.

They advertise that they will act as fiduciaries.

When I tried to contact them to inquire how the investment was doing, they could not be reached.

They did not return my calls or letters or emails after many attempts.

I had to hire an attorney. (I live in the USA) I paid thousands to get my money back.

I had an attorney in the US and Switzerland.(very costly)

Bauman is refusing to return my money. He say the investment was legit.

He is the licensed professional Investment Broker.

He knows the difference between "moderate" and "speculative"

Do not trust these people 

If any one else know about them, please contact me.

2 Updates & Rebuttals


thomas

Robbinsdale,
Minnesota,
United States

UBS

#3Author of original report

Wed, November 15, 2017

what waas the name of the UBS banker??


Noobinit

Richmond,
California,
USA

Jean-Marc Baumann Ripped us off too

#3Consumer Comment

Thu, May 25, 2017

My mother was in a similar situation.

Exactly as the first  person mentioned, my mother was referred to Mr. Baumann and his firm by an officer from UBS.

Mr. Baumann invested funds for us and then after wiining and dining us suggested that we invest in the phillipines. We declined.

Subsequently, without warning, the firm refused to return calls, emails, or letters despite  many attempts to contact them. We were then in the process of transferring all of the funds to the United States. We later discovered that a $111k investment in a Brazilian Real Estate Investment REIT had gone belly up and we had lost all of that money.

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