The appeal trial for Florian Homm, a former hedge fund manager accused of defrauding investors of CHF 200 million, has commenced at the Federal Criminal Court in Bellinzona. Homm, 65, was previously sentenced to 36 months in prison for serious breach of fiduciary duty and forgery, but the validity of the original trial was under legal scrutiny due to his absence. The ongoing process could take several weeks, as the court reviews the accusations that have altered the perception of Homm from celebrated financier to alleged fraudster.