Results tagged “creditsuisse”

A former Credit Suisse broker who is accused of a $1 billion fraud has gone missing and the authorities are calling him a fugitive. This past Friday, federal prosecutors said that Julian Tozlov, 35, was last seen on May 9, leaving his 225 Fifth Avenue apartment. Tozlov had been on $3 million bail and was wearing an electronic monitoring device around his ankle.

A U.S. District Court Judge sentenced one-time Credit Suisse investment banker Hafiz Muhammad Zubair Naseem to ten years in prison for insider trading, stating that some Wall Street professionals were not getting the picture of the seriousness of the crime. While working at Credit Suisse's Global Energy Group in Manhattan, Naseem fed insider information to a partner in Pakistan, who used the tips to illegally amass almost $8 million in profits.