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.
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Ex-Credit Suisse manager pleads guilty in subprime probe
Posted by mortgage 103 days ago (Editorial)
Timeline: Ex-Credit Suisse traders charged
Posted by mortgage 110 days ago (Editorial)
U.S. authorities have accused a group of former Credit Suisse Group AG traders of falsely inflating the value of mortgage-backed securities on the investment bank's books as the financial crisis began ...
Ex-Credit Suisse CDO Chief Charged in Scheme to Boost Bonuses
Posted by mortgage 111 days ago (Editorial)
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.
Ex-Credit Suisse traders admit cooking subprime books
Posted by mortgage 111 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 .
Ex-Credit Suisse traders plead guilty in subprime mortgage probe
Posted by mortgage 111 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
Ex-Credit Suisse trader pleads guilty in NY on subprime mortgages
Posted by mortgage 111 days ago (Editorial)
NEW YORK ? A former Credit Suisse trader has pleaded guilty in a federal probe that accused him of misleading investors in the subprime mortgage securities market. David Higgs also signed a cooperation agreement Wednesday while pleading guilty in Manhattan.
2 ex-Credit Suisse employees guilty of mortgage fraud
Posted by mortgage 111 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 employee surrenders: FBI
Posted by mortgage 112 days ago (Editorial)
NEW YORK (Reuters) - A former Credit Suisse employee surrendered to the FBI on Wednesday on criminal charges, an FBI spokesman said, in a U.S. government probe on writedowns on subprime mortgage derivatives at the height of the financial crisis. Sources familiar with the investigation said on Tuesday that as many as four former Credit Suisse traders were expected to face either criminal or civil
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