Try our Advanced Search for more refined results

USA v. Boustani et al

  1. November 19, 2019

    Boustani Denies Bribes, Says He 'Tangoed' With Mozambicans

    Privinvest Group executive Jean Boustani readily acknowledged at his fraud and money laundering trial Tuesday in Brooklyn federal court that he arranged to pay a Mozambican agent and a Credit Suisse banker millions, but declined to call them bribes or kickbacks.

  2. November 13, 2019

    Feds Rest In Case Of Alleged $2B Mozambican Loan Fraud

    New York federal prosecutors on Wednesday rested their monthlong case against Privinvest Group executive Jean Boustani, who stands accused of conspiring to defraud investors in $2 billion worth of loans used to finance state-backed maritime projects in Mozambique.

  3. November 08, 2019

    Fund Lost Millions In Mozambique Loan Fraud, Jury Told

    A former portfolio manager at AllianceBernstein on Friday testified of how the hedge fund lost millions of dollars from its stake in a Mozambican government-backed loan, which prosecutors say was tainted by a bribery scheme led by Privinvest executive Jean Boustani.

  4. November 05, 2019

    Boustani In On Loan Scam, 2nd Ex-Credit Suisse Banker Says

    A former Credit Suisse Group investment banker on Tuesday took the witness stand in the trial of Privinvest Group executive Jean Boustani over a complex purported $2 billion fraud and kickback scheme involving Mozambican maritime projects, telling jurors he agreed to take bribes from Boustani in exchange for smoothing over loan deals.

  5. October 25, 2019

    Boustani Jury Hears Of Alleged Graft That Fueled $2B Fraud

    Jurors in the $2 billion fraud and kickback trial of Privinvest Group executive Jean Boustani on Friday saw a trove of emails purportedly detailing tens of millions of dollars in bribes being paid to Mozambican government officials to secure a coastal surveillance contract for the Abu Dhabi-based shipbuilder.

  6. October 22, 2019

    On Cross, Ex-Credit Suisse Exec Says Feds Bungled Charges

    An attorney for Privinvest Group executive Jean Boustani on Tuesday grilled a former Credit Suisse managing director who pled guilty to his role in a purported $2 billion fraud and kickback scheme involving loans to Mozambican state-backed companies, getting him to agree that prosecutors made multiple errors when they indicted him.

  7. October 18, 2019

    Ex-Credit Suisse Exec Tells Of Hidden Ploy To Aid $2B Fraud

    A former Credit Suisse investment banker on Friday testified of how he continued in secret to push through a deal at the bank that prosecutors say was part of a $2 billion fraud and kickback scheme involving loans to Mozambican state-backed companies, even after he left the Swiss lender.

  8. October 17, 2019

    Ex-Credit Suisse Exec Says He Cashed In On $2B Loan Fraud

    Jurors in the trial of Privinvest executive Jean Boustani, who's accused of a $2 billion Mozambican government loan fraud scheme, on Thursday heard a former Credit Suisse managing director describe how he worked to pile more debt on state-backed companies, which fueled his stream of kickbacks.

  9. October 16, 2019

    Boustani Accuses Feds Of 'Misdirection' As Trial Begins

    An attorney for Privinvest Group executive Jean Boustani on Wednesday told a New York jury his client was involved in payments to government officials in Mozambique, which prosecutors say were part of a $2 billion fraud scheme, but denied that he defrauded investors or laundered any funds.

  10. October 11, 2019

    Boustani Heads To Trial In $2B Mozambique Fraud Case

    The long-awaited trial of Privinvest executive Jean Boustani over his role in a securities fraud, bribery and kickback scheme involving $2 billion in Mozambican government loans is scheduled to commence on Tuesday.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!