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Ex-Credit Suisse Banker Freed Months After Fraud Conviction

  • Frenchman released Nov. 30 after no longer deemed flight risk
  • Lescaudron had already spent two years in pretrial detention
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A former Credit Suisse Group AG wealth manager was freed less than 10 months after he was sentenced to a five-year prison sentence for operating a fraud scheme that resulted in damages of more than $140 million.

Patrice Lescaudron was released Nov. 30 following a request to a Geneva appeals court, according to a Justice Ministry spokesman. The 55-year-old, who had spent about two years in pre-trial detention, was no longer seen as a flight risk, the court ruled.