trending Market Intelligence /marketintelligence/en/news-insights/trending/RNWVO6km9k2CHgkVmhJFxw2 content esgSubNav
In This List

Report: Former Credit Suisse wealth manager released from jail

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Report: Former Credit Suisse wealth manager released from jail

Patrice Lescaudron, a former Credit Suisse Group AG wealth manager who was sentenced to five years in prison, was released Nov. 30, 2018, Bloomberg News reported.

Lescaudron spent two years in pretrial detention and was jailed in February 2018 over unauthorized trades and fake purchase orders that resulted in damages of more than $140 million for the lender.

His release came less than 10 months after his conviction and followed a request to a Geneva appeals court that no longer sees him as a flight risk, according to the Jan. 17 report.

In July 2018, Bloomberg reported that Geneva's Criminal Appeals Court had ordered a prosecutor to re-examine charges against Lescaudron.