Pursuits
Credit Suisse Geneva Banker Said to Send Client Funds to Wife
- Banker moved $1.5 million into wife’s Monaco account
- ‘L’ also put $2 million into Dubai account he controlled
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The Credit Suisse Group AG wealth manager at the heart of a trading scandal told prosecutors in interviews that he took clients’ money and moved it into personal accounts in Monaco and Dubai, according to four people with knowledge of the investigation.
The banker, who can only be identified as “L” under Swiss law, moved $1.5 million into his wife’s account at a bank in Monaco in 2008, said two of the people, who asked not to be identified because the proceedings are ongoing. A second transfer of $2 million was made three years later into the account of a Dubai firm that he controlled, the people said.