Ex-Credit Suisse Exec Pleads Not Guilty To Fraud Charges

Law360, New York (April 5, 2013, 7:01 PM EDT) -- A former Credit Suisse AG investment banker pled not guilty Friday in New York federal court to charges of inflating the value of mortgage-linked bonds to mask losses in the wake of the subprime mortgage market's collapse.

Kareem Serageldin, 38, the former head of the structured credit group in Credit Suisse's investment banking division, faces conspiracy and fraud charges for his role in the alleged scheme. Chief Magistrate Judge Kevin N. Fox set bond at $1.5 million, secured by $750,000 in cash. 

Serageldin was expected to...
To view the full article, register now.