22/01/2019 • Bloomberg
Ex-Credit Suisse Banker Fraud Case Still a `Five-Headed Hydra’
A new probe in the case of a convicted Credit Suisse Group AG banker gave victims of Patrice Lescaudron fresh ammunition to argue for yet another exhaustive investigation of the four-year-old scandal.
The latest review of allegedly fake invoices dominated the first day of an appeals court hearing over Lescaudron’s conviction at a Geneva court Tuesday. The 55-year-old banker was sentenced to five-years in prison — though he served far less than that — for orchestrating a scheme to fake trades to recover burgeoning losses from his eastern European clients.
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