A former Credit Suisse Group executive avoided further prison time for his role in hiding more than $100 million in mortgage-backed securities trading losses as a federal court July 30 sentenced him to time served (United States v. Siddiqui, S.D.N.Y., No. 12-cr-89, sentencing).
Judge Paul A. Crotty also ordered Salmaan Siddiqui to forfeit $150,000.
Siddiqui, a former vice president in Credit Suisse’s investment banking division, was charged in a one-count criminal information filed Feb. 1, 2012. He pleaded guilty the same day to conspiracy to commit wire fraud and falsify books and records.
Siddiqui has been cooperating with ...
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