Ex-Credit Suisse Banker Says His Fraud Brought Health Concerns
A former Credit Suisse Group AG banker, accused of taking millions from rich clients’ accounts to cover trading losses, told the court on a long first day of his trial in Geneva that stress from the financial crisis and his growing losses took a great toll on his health.
Patrice Lescaudron testified into the evening Monday that he’d worked for two accounting firms and in the luxury-goods industry before he joined Switzerland’s second-largest bank in Geneva. His experience at Credit Suisse started well, but became stressful starting in 2007 as he took on more assets before the financial crisis struck a year later.
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