Rogue Credit Suisse Banker Goes on Trial Over Russian Shell Game

If it wasn’t for a bad bet on a small Californian company, the former Credit Suisse banker identified only as Mr. L until now might never have ended up in a jail cell just across Lake Geneva from his $2.4 million home.

Denied bail and private treatment for a series of ailments, Patrice Lescaudron has spent the last two years awaiting trial on charges of defrauding billionaire former Georgian Prime Minister Bidzina Ivanishvili and five other Russian-speaking clients out of hundreds of millions of dollars.