Credit Suisse Group AG, the largest bank in Switzerland by market value, was ordered by a U.S. judge to pay STMicroelectronics NV the remainder of a $431 million award over unauthorized investments in auction-rate securities.The arbitration award, ordered in 2009 by the Financial Industry Regulatory Authority, was affirmed on March 19 by U.S.
Posts Tagged ‘Group Ag’
Credit Suisse Ordered to Pay FINRA Arbitration Award
March 25th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Arbitration Award, Arbitration Case, Auction Rate, Broker Dealers, Credit Suisse, Credit Suisse Group, District Judge, Financial Industry Regulatory Authority, Group Ag, Judge Deborah Batts, March 19, Risky Securities, Securities Arbitration, Semiconductor Maker, Stmicroelectronics Nv, Straws, Student Loans, Unauthorized Investments, Underwriters, Unpaid Balance 
Comments OffJulian Tzolov apprehended by Department of Justice
July 15th, 2009 Before You Invest (Bloomberg) — Julian Tzolov, the fugitive former Credit Suisse Group AG broker who was charged with bail jumping, has been arrested, Assistant Brooklyn U.S. Attorney Daniel Spector said in a letter to court filed today. Authorities in Marbella, Spain have taken Tzolov into custody following an international manhunt after he disappeared in New York in May.Tzolov, who’s accused of fraudulently selling clients subprime mortgages linked to auction-rate securities, was declared a fugitive in June.
Posted in Finance Fraud Tags: Apartment, Authorities, Bloomberg, Brooklyn, Bulgaria, Count Indictment, Credit Suisse, Credit Suisse Group, Daniel Spector, Department Of Justice, Electronic Monitoring, Eric Butler, Group Ag, Illegal Scheme, Julian, Kennedy Airport, Manhunt, Marbella Spain, Mortgages, Prosecutors, Wire Fraud No Comments »Ex Credit Suisse Brokers Face New Subprime Related Charges
April 2nd, 2009 Before You Invest Two former Credit Suisse Group AG brokers accused of fraudulently selling clients subprime mortgages linked to auction-rate securities pleaded not guilty to a dozen new fraud charges.Julian Tzolov and Eric Butler were first indicted last year on securities fraud and conspiracy charges in U.S. District Court in Brooklyn, New York.
Posted in Finance Fraud Tags: Bank Deposits, Brooklyn, Brooklyn New York, Cdos, Collateralized Debt Obligations, Conspiracy Charges, Credit Suisse, Credit Suisse Group, Eric Butler, Fraud Charges, Group Ag, Indictment, Investments, Julian, Money Market Funds, Mortgage, Mortgages, Securities Fraud, Student Loans, Wire Fraud No Comments »
