Video: ‘The battle has started’: Ex-Credit Suisse banker’s fraud victims still want an apology
Patrice Lescaudron, a French banker who worked in Credit Suisse’s Russia, Ukraine and Central Asia department, was sentenced to five years in prison for running an eight-year scheme in which he made unauthorized trades and moved assets between clients’accounts that amounted to over $140 million.
However, Lescaudron’s former clients seem to be not so much angry with the banker as they are with the bank itself. Fraud victims say they have gotten neither recompense nor explanation —let alone an apology—from Credit Suisse. Yahoo Finance contributor Bethany McClean talks to Dan Roberts, Melody Hahm and Myles Udland about the case on “YFi AM.”