• Frenchman’s trial ended Friday with five-year jail sentence • Lescaudron was former ‘star’ of the bank’s Russia desk
The trial of former Credit Suisse wealth management “star” Patrice Lescaudron ended Friday in Geneva with his sentencing to five years in jail. The guilty verdict capped a two-week trial that yielded some memorable lines:
Credit Suisse has accused him of taking almost 45 million Swiss francs ($47.9 million) from clients through commissions and other unauthorized trades for his own benefit. During the trial, it emerged that he spent nearly $1 million on jewelry for his wife and prosecutors have proposed seizing his Swiss home and two apartments ...
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