July 23, 2019
Federal prosecutors told a New York federal judge on Monday that a Lebanese salesman can't ditch charges that he helped siphon money from $2 billion in loans backed by Mozambique's government, especially since the scheme hurt U.S. investors.
July 19, 2019
A former Credit Suisse managing director on Friday admitted to his role in a bribery and investor fraud scheme involving $2 billion in loans to state-backed companies in Mozambique, telling a New York federal judge he conspired to defraud those who invested in the debt.
June 18, 2019
A Lebanese salesman told a New York federal judge that the U.S. government has yet to show how it is related with $2 billion in allegedly fraudulent loans backed by the government of Mozambique.
May 20, 2019
A former Credit Suisse financier pled guilty in Brooklyn federal court Monday to money laundering for her part in an alleged bribery and kickback scheme involving $2 billion in loans backed by the government of Mozambique.
May 16, 2019
Two days after expressing concerns about the "wealth factor" involved, the Second Circuit on Thursday rejected a Lebanese salesman and accused fraudster's emergency bid to be released on $20 million bond.
March 28, 2019
A New York federal judge on Wednesday again refused to grant bail for a former salesman of Abu Dhabi-based shipbuilder Privinvest who's accused of taking part in a $2 billion bribery and investor fraud scheme in the African nation of Mozambique, saying he's still a flight risk.
February 04, 2019
A New York federal judge on Monday refused to greenlight a $20 million bail package that included 24/7 private security for a former lead salesman for Abu Dhabi-based shipbuilder Privinvest accused of taking part in a $2 billion bribery and investor fraud scheme in the African nation of Mozambique, voicing concern about disparate treatment for wealthy defendants.
January 22, 2019
A former lead salesman for Abu Dhabi-based shipbuilder Privinvest on Monday asked a New York federal judge to let him out on bail following his indictment over alleged involvement in a $2 billion bribery and investor fraud scheme, saying a $20 million bail package with 24/7 private security would ensure he shows up in court.
January 03, 2019
Former Credit Suisse bankers, a Lebanese businessman and top officials in Mozambique participated in a scheme to siphon funds from more than $2 billion in government-backed loans for fraudulent projects in the African nation, according to an indictment unsealed Thursday in New York federal court.