23/01/2019 • Bloomberg

Credit Suisse Client Says She Lost $50 Million in Banker’s Fraud

A Russian client of convicted former Credit Suisse Group AG wealth manager Patrice Lescaudron lashed out at the lender for putting itself before clients and accused Swiss prosecutors of rushing their indictment.

Returning to the courtroom where she testified almost a year ago, businesswoman Olga Korbatova said she lost 50 million Swiss francs ($50 million) and had her investment accounts frozen. Meanwhile, she said, the bank made about $150 million in commissions and other fees from Lescaudron’s illegal trades.

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