WEF Investigating Founder Klaus Schwab over Corruption Allegations

WEF Investigating Founder Klaus Schwab over Corruption Allegations

Investigation alleges financial and ethical misconduct by the longtime globalist leader and his wife

BREITBART

World Economic Forum (WEF) founder and former executive chairman Klaus Schwab is reportedly being investigated by the organization he started after a whistleblower’s letter made a series of lurid allegations against the octogenarian and other family members.

Alleged financial and ethical misconduct by the longtime globalist leader and his wife – all of which he denies – including alleged use of luxury property and travel are at the crux of the claims, first made public by the Wall Street Journal.

The accusatory letter also alleged Schwab family members mixed personal matters with the WEF’s resources without proper oversight, according to the WSJ.

The announcement of the probe came barely 24-hours after the erstwhile German academic stepped down with no reason given, as Breitbart News reported.

Klaus Schwab Announces Resignation as World Economic Forum Chairmanhttps://t.co/W9glyiO6Ae

— Breitbart London (@BreitbartLondon) April 21, 2025

The trustees unanimously supported a decision to call in legal advisers, the WEF said. “This decision was made after consultation with external legal counsel and in line with the forum’s fiduciary responsibilities,” it added.

The Financial Times set out some of the issues now to be addressed:

The new claims come on top of others made last year alleging Schwab presided over a toxic workplace culture where sexual harassment was not properly investigated and Black and female employees were discriminated against.

In March, WEF reported to sponsors that the earlier investigation “did not find the forum had committed any legal violations” and “did not substantiate” allegations of misconduct against him.

The letter, said to have been sent by anonymous current and former WEF staff, “included allegations that Klaus Schwab asked junior employees to withdraw thousands of dollars from ATMs on his behalf and used Forum funds to pay for private, in-room massages at hotels,” wrote the WSJ, which said it had seen the missive and spoken with people familiar with the case, per AFP.

“It also alleged that his wife Hilde, a former Forum employee, scheduled ‘token’ Forum-funded meetings in order to justify luxury holiday travel at the organisation’s expense,” the paper said.

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