The World Economic Forum, a globalist organisation that hosts the annual elite gathering in Davos, Switzerland, supports an independent investigation into whistleblower allegations brought by Fox News Digital against founder Klaus Schwab.
Whistleblower complaint was first reported Wall Street Journal Schwab, 87, (the day after Schwab, 87, resigned) resigned as chairman and member of the board.
An anonymous whistleblower wrote a letter to the board, according to the journal. This includes former Vice President Algoa, Queen Rania of Jordan and President Christine Lagarde of the European Central Bank, as members, alleging financial and ethical misconduct by Schwab and his wife Hilde. The claim allegedly Schwab tapped his men to withdraw thousands of dollars from the ATM on his behalf, and used WEF funds to pay for a personal indoor massage at the hotel.
Klaus Schwab, founder of the World Economic Forum, has stepped down from the Globalist Committee.
Klaus Schwab, founder of the World Economic Forum (WEF), will speak at the annual meeting of the World Economic Forum held in Davos, Switzerland on Tuesday, January 21, 2025. (AP Photo/Markus Schreiber, file)
The letter reportedly alleges that his wife, a former WEF staff member, arranged a forum-funded “token” meeting to streamline the gorgeous holiday trips in the organization’s tabs.
A Schwab family spokesman denied all allegations regarding the luxury trip and money withdrawal, informing the journal that Klaus Schwab will always pay back to the forum for massages charged to the hotel during his trip. The spokesman also told the journal that the family plans to file a lawsuit against the whistleblower letter and the person responsible for “people who spread these false mistakes.”
The Journal reported that the board convened an emergency meeting on Easter Sunday on whistleblower claims to consider a series of actions.
“The World Economic Forum Council has unanimously supported the Audit and Risk Committee’s decision to launch an independent investigation in accordance with a whistleblower letter, including allegations against former chairman Klaus Schwab,” WEF said in a statement obtained by Fox News Digital. “This decision was made in line with the forum’s fiduciary responsibility after consultation with external lawyers.”
“The investigation will be led by the Audit and Risk Committee with the support of independent legal experts,” the statement continued. “The committee will move appropriately to determine its processes and parameters and share its progress with the board. While the forum takes these allegations seriously, it is awaiting the results of an investigation to further comment.”
President Donald Trump is currently making a video conference speech at the World Economic Forum (WEF) Annual General Meeting held in Davos on January 23, 2025. (Fabrice Coffrini/AFP via Getty Images)
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“Under the ongoing leadership of Peter Brabeck-Letmathe interim chair and president and CEO Børge Brende, the Forum is fully committed to its mission and responsibility.”
When announcing Schwab’s departure on Monday, WEF said the board “recognized the outstanding achievements of his retirement.”
“He created a major global platform for dialogue and progress, and the Board has expressed its gratitude for 55 years of relentless leadership at the helm of the forum,” WEF said in a statement. “As the world is undergoing rapid transformation, the need for comprehensive dialogue to navigate complexity and shape the future has become more important than ever. The World Economic Forum Committee will continue to reinforce the exchange of insights and FOSTER communities from all sectors based on its trustworthy role in promoting its mission and values.
Participants follow Donald Trump’s speech at the 55th World Economic Forum (WEF) held in Davos, Switzerland on January 23, 2025. (Halil Sagirkaya/Anadolu via Getty Images)
Over the years, the annual meeting in Davos has brought together top executives, government leaders, academics, international organizations, cultural figures, sports legends and celebrities for conversations on world economic issues.
President Donald Trump spoke remotely to the Davos Conference in January, just three days after taking office.
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“What the world has witnessed in the last 72 hours is nothing more than a revolution in common sense,” Trump said. “Our country is stronger, richer, richer and more united than ever. This incredible momentum and what we are doing will make the whole planet more peaceful and prosperous.”
