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U.S. Department of Justice: Two former Credit Suisse managing directors, vice president charged for fraudulently inflating subprime mortgage-related bond prices in trading book

( February 1, 2012, 22:53 GMT | Official Statement) -- MLex Summary: Charges have been brought against former Credit Suisse executives who fraudulently inflated subprime mortgage-related bond prices from 2007-2008, the U.S. Department of Justice announced Wednesday. The defendants’ alleged misconduct contributed to more than a $2.6 billion dollar write-down in the bank’s reported net income.Statement appears in full as follows:...

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