US Scraps Ex-Credit Suisse Broker Sentence Appeal

Law360, New York (September 27, 2010, 6:03 PM EDT) -- The federal government has abandoned its appeal of a five-year prison sentence and $5 million fine against a former Credit Suisse Group AG broker who was convicted of fraud related to the sale of $1.2 billion in auction rate securities.

The U.S. Court of Appeals for the Second Circuit issued a mandate Friday withdrawing the U.S. government’s cross-appeal of the January 22 judgment against Eric Butler handed down by Judge Jack B. Weinstein of the U.S. District Court for the Eastern District of New York....
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