Swiss Prosecutor Sees Millions Laundered Via Credit Suisse (1)

A prosecutor has identified more than $60 million that he believes was laundered through Credit Suisse Group AG, in the precursor to what would be just the second Swiss criminal indictment ever against a major local lender.

Geneva’s top financial-crime prosecutor, Yves Bertossa, identified a series of 8 transactions the bank failed to prevent between 2008 and 2014 at a hearing last week, which he said constituted aggravated money laundering by the Swiss lender, according to people familiar with the investigation.

Patrice Lescaudron, the fraudster at the heart of the case, faked signatures and contrived dummy portfolio statements ...