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Utopia Music

News and commentary about Switzerland based music technology company Utopia Music AG
30 posts
Utopia Music
As Utopia’s bankruptcy appeal is denied investors threaten legal action, while former staff tell CMU of widespread “manipulation” of financial documents across shuttered subsidiaries public
Utopia Music • 7 min read

As Utopia’s bankruptcy appeal is denied investors threaten legal action, while former staff tell CMU of widespread “manipulation” of financial documents across shuttered subsidiaries

The implosion at the company formerly known as Utopia Music continues. After the Swiss court denied its bankruptcy appeal, investors begin to talk legal action, and former staffers tell CMU that they want top banana John Mitchell to say who was responsible for fake payslips as far back as July 2023…
Sam Taylor •
Proper Group AG scandal grows as investor John Mitchell distances himself from Löhr and CMU uncovers another case of embezzlement public
Mitchell Asset Management • 5 min read

Proper Group AG scandal grows as investor John Mitchell distances himself from Löhr and CMU uncovers another case of embezzlement

John Mitchell, a key investor in Proper Group AG, has issued a statement to CMU distancing himself from the bankrupt company’s former ‘general advisor’ Peter Löhr. CMU has now discovered that a former director of Mitchell’s Australian firm Mitchell Asset Management was also accused of embezzlement.…
Sam Taylor •
Proper Group AG - the company formerly known as Utopia - is riddled with debt and has left its few remaining staff high and dry with salaries unpaid for months public
Utopia Music • 5 min read

Proper Group AG - the company formerly known as Utopia - is riddled with debt and has left its few remaining staff high and dry with salaries unpaid for months

Put into bankruptcy by the Swiss courts, riddled with debt, the proceeds of the Sentric sale still locked in escrow, another UK company in liquidation, and its few remaining staff left in the lurch yet again as they wait months for salaries… what’s really happening at Proper Group AG…
Sam Taylor •
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