Ex-Credit Suisse Exec Charged With Inflating Mortgage Bonds

Law360, New York (September 26, 2012, 5:55 PM EDT) -- A former Credit Suisse Group AG executive was arrested Wednesday in London after American prosecutors charged him with helping to inflate the value of mortgage-linked bonds to mask losses in the wake of the subprime mortgage market's collapse.

Kareem Serageldin, former head of the Structured Credit Group of the Swiss bank's investment banking division, was arrested and will appear before a British court Thursday morning, according to a person familiar with the matter.

Serageldin's attorneys and representatives for federal prosecutors in New York declined to comment...
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