Credit Suisse Employees Face Lawsuit for CDO Scheme
September 12, 2008
Two Credit Suisse employees allegedly improperly purchased more than $1.0 billion in subprime mortgage-backed security-related bonds, according to a lawsuit filed by the Securities and Exchange Commission this month in federal court in Manhattan. The SEC’s complaint alleges that from at least February 2005 through August 2007, Julian Tzolov and Eric Butler, brokers...