U.K. Arrests Ex-Credit Suisse Banker on U.S. Mortgage Bond Fraud Charges

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Saturday, December 1, 2012
Author: 
Bruce Zagaris
Volume: 
28
Issue: 
12
Abstract: 
 
On September 24, 2012, U.K. authorities arrested Kareem Serageldin, a former Credit Suisse Group AG investment banker, on U.S. charges that he and others at Credit Suisse conspired to inflate the values of mortgage bonds during the financial crisis.[1]