He was forced to declare bankruptcy and was condemned by the Geneva Trade Court on 17 August 1868 for deceptive practices in the bankruptcies.
Dia dipaksa menyatakan pailit dan divonis bersalah oleh Pengadilan Dagang Jenewa pada tanggal 17 Agustus 1868 atas praktik penipuan dalam kasus kebangkrutan tersebut.