October 22, 2019
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.
October 18, 2019
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.
October 17, 2019
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.
October 16, 2019
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.
October 11, 2019
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.
October 04, 2019
A former salesman at an Abu Dhabi shipbuilder accused of securities fraud involving $2 billion in Mozambican government loans lost his bid to dismiss the case on Thursday when a Brooklyn federal judge said prosecutors' second try at an indictment anchored the scheme in the U.S.
October 02, 2019
A former salesman accused of a scheme to defraud investors in $2 billion in Mozambican government loans lost a bid to have email evidence tossed ahead of his upcoming trial, with a Brooklyn federal judge on Tuesday validating the seize-search-seize method that has emerged for warrants to search digital property.
September 11, 2019
It was revealed Wednesday that a third former banker for Credit Suisse has admitted to his role in an alleged bribery and kickback scheme involving $2 billion in loans backed by the government of Mozambique.
August 21, 2019
A former salesman for Abu Dhabi-based shipbuilder Privinvest accused of taking part in a $2 billion, Mozambique-based bribery and investor fraud scheme on Wednesday urged a New York federal judge to dismiss the charges, saying they lack a sufficient nexus to the U.S.
August 19, 2019
Federal prosecutors filed a new indictment in the Mozambique corruption case against Lebanese salesman Jean Boustani on Monday, days ahead of a hearing on Boustani's claim that the case should be dismissed for lacking a connection to the U.S.