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Ex-Credit Suisse Trader Spared Prison Term for CDO Fraud

A former Credit Suisse Group AG trader who falsified prices tied to collateralized debt obligations to boost year-end bonuses avoided time in prison after cooperating with the U.S.

Salmaan Siddiqui’s assistance to government investigators starting two years before his guilty plea was cited today by U.S. District Judge Paul Crotty in Manhattan, who sentenced him to the few hours he spent in federal custody after his arrest.