May 16, 2025
A Brooklyn federal judge ordered three former Credit Suisse bankers and the former finance minister of Mozambique to pay a combined $352 million in restitution Friday after they pled guilty or were convicted of scheming to defraud investors in a $2 billion state-backed development initiative involving tuna fishing.
March 06, 2025
A Brooklyn federal judge spared a former Credit Suisse banker from prison time Thursday, after he pled guilty and became a testifying government cooperator over a plot to defraud investors in a $2 billion state-backed development initiative in Mozambique.
January 17, 2025
A Brooklyn federal judge sentenced Mozambique's former finance minister to 8½ years in prison Friday for facilitating a corrupt $2 billion loans-for-bribes deal, ordering him to forfeit $7 million and imposing time beyond the six years the defendant has been incarcerated.
August 09, 2024
Mozambique's former finance minister was convicted of wire fraud and money laundering conspiracy charges in connection with his role in the $2 billion "tuna bonds" scandal, prosecutors announced.
July 16, 2024
Federal prosecutors told a Manhattan jury Tuesday that Mozambique's former finance minister took $7 million in bribes in a "corrupt" plot to enrich himself and defraud investors after $2 billion in state-backed development projects flopped.
March 27, 2024
A former Mozambique finance minister can't keep evidence from his phone out of a case alleging his involvement in a $2 billion scheme to siphon government-backed project funds from that country after a federal judge in Brooklyn on Wednesday backed the phone's seizure and search.
December 22, 2023
A New York federal judge denied a bid by a former finance minister of Mozambique to toss charges that he participated in the alleged $2 billion "tuna bond" bribery and investor fraud scheme, rejecting the minister's contention that the U.S. government was responsible for the 4½-year delay between his arrest in South Africa and extradition to New York.
August 18, 2023
A former finance minister of Mozambique who has been jailed for nearly five years without trial on charges stemming from the alleged $2 billion "tuna bonds" bribery and investor fraud scandal asked a New York federal court on Friday to dismiss his indictment, saying prosecutors had violated his constitutional right to a speedy trial.
July 13, 2023
Mozambique's former finance minister pled not guilty Thursday to taking bribes in exchange for signing the country's $2 billion toxic "tuna bonds," during his first appearance in Brooklyn federal court since being extradited on the long-dormant charges.
July 12, 2023
Mozambique's former finance minister has been extradited from South Africa to New York on long-dormant federal charges over his alleged role in the country's $2 billion "tuna bonds" scandal, according to Wednesday court records.