Globalpost.com – Former Credit Suisse Banker Kareem Serageldin Has Been Arrested In London. He’s Wanted In U.S. On Fraud Charges – 4 October 2012

(Lucas: Although the event took place several days ago still a newsworthdy story.)

An ex-Credit Suisse banker wanted in the United States on fraud charges has been arrested in London, the Wall Street Journal reported.

Kareem Serageldin, the former head of the Swiss bank’s Structured Credit Trading business, has been accused of manipulating the value of certain mortgage securities during the global financial crisis to boost his bonus, according to the Financial Times.

To read the rest of this story, visit GlobalPost.com.

http://www.soundofhear.org link to original article

Advertisements

One response to “Globalpost.com – Former Credit Suisse Banker Kareem Serageldin Has Been Arrested In London. He’s Wanted In U.S. On Fraud Charges – 4 October 2012