4.2 • 5.3K Ratings
🗓️ 26 November 2025
⏱️ 19 minutes
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| 0:00.0 | This is the second of two episodes about Hermes-Air Nicola Poeshe's Lost Fortune. |
| 0:06.1 | If you haven't heard episode one, start there. It's already in your feed. |
| 0:14.1 | One day this summer, reporter Nick Kostov got a text from a source. |
| 0:21.1 | Eric Fremont, longtime financial advisor to Nicola Puech, was dead. |
| 0:27.9 | He apparently had left his chalet one morning near the town of Statt in Switzerland, |
| 0:34.4 | and he'd ridden his electric bike to the train tracks. |
| 0:40.3 | Near a campsite by the railway, Fraymond left the path and approached the tracks. |
| 0:46.3 | And he'd basically been hit by a train and that was it. Fremont was 67. |
| 0:57.0 | Local police are treating the death as a suicide. |
| 1:00.6 | At the time of his death, |
| 1:01.9 | Fremont's world was an upheaval, |
| 1:04.1 | according to court documents and people close to him. |
| 1:07.1 | His longtime client and friend, Nicola Puesch, |
| 1:10.2 | was suing him in two countries |
| 1:11.6 | for what could be the fraud of the century, |
| 1:14.6 | stealing a $15 billion fortune. |
| 1:20.6 | But was the allegation true? |
| 1:22.6 | Nick had been digging into that question |
| 1:24.6 | long before Fremont's apparent suicide, and he kept digging. |
| 1:29.9 | Now, finally, he has some answers. |
| 1:37.2 | Welcome to The Journal, our show about money, business, and power. |
| 1:41.5 | I'm Jessica Mendoza. It's Wednesday, November 26th. Today on the show, |
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