Kareem Serageldin, Credit Suisse Group AG?s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
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Ex-Credit Suisse CDO Chief Charged in Scheme to Boost Bonuses
Posted by mortgage 3 days ago (Editorial)
UK trader pleads guilty over to hiding subprime losses
Posted by mortgage 3 days ago (Editorial)
A UK trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.
Ex-Credit Suisse traders plead guilty in subprime mortgage probe
Posted by mortgage 3 days ago (Editorial)
A worker in New York and a managing director in London admit they falsified the company's books to enhance their standing and boost their year-end bonuses as the housing market collapsed. Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running investigation into the subprime mortgage securities market that was expected to res
2 ex-Credit Suisse employees guilty of mortgage fraud
Posted by mortgage 3 days ago (Editorial)
Two former Credit Suisse executives on Wednesday pleaded guilty to falsely inflating subprime mortgage-related bond prices as the US housing market tanked, authorities said.
Ex-Credit Suisse traders admit cooking subprime books
Posted by mortgage 3 days ago (Editorial)
NEW YORK (Reuters) - In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities in order to hide losses as the U.S. real estate market began to collapse in 2007. The men, London-based David Higgs, 42, and Salmaan Siddiqui, 36, of McLean .
Traders admit cooking subprime books
Posted by mortgage 3 days ago (Editorial)
Two traders admitted today to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities.
Ex-CS manager pleads guilty in U.S. subprime probe
Posted by mortgage 3 days ago (Editorial)
NEW YORK (Reuters) - A former London-based Credit Suisse trader pleaded guilty to a criminal conspiracy charge on Wednesday, and he is cooperating with a U.S. government investigation on writedowns of subprime mortgage derivatives at the height of the financial crisis. David Higgs told a federal judge in New York that while he was a managing director in the investment banking division of Credit .
Three Credit Suisse execs cooked books: feds
Posted by mortgage 3 days ago (Editorial)
Looking to fatten their year-end bonuses, a trio of Credit Suisse execs cooked the books as part of a ?colossal fraud? tied to the subprime mortgage crisis, authorities said Wednesday.
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