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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.
U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis , sources familiar with the matter said.
Investigation by Cuyahoga County Mortgage Fraud Task Force is first time in Ohio that subprime mortgage officials are charged.

SEC charges 2 former State Street employees

Posted by mortgage 596 days ago (Editorial)
The Securities and Exchange Commission on Thursday charged two former employees of State Street Bank & Trust Co. with misleading investors about their exposure to subprime investments.
Washington, D.C. -- The Securities and Exchange Commission today charged a pair of employees at Bost...

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