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Credit Suisse Former Staff Charged With Conspiracy

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Markus Walder, former head of Credit Suisse's North America Offshore Banking unit, Susanne D. Rüegg Meier, a former manager with the firm, and Andreas Bachmann, a former banker at a subsidiary of Credit Suisse, together with Josef Dörig, the founder of a Swiss trust company, have been charged with conspiring with other Swiss bankers to defraud the United States, the Justice Department and Internal Revenue Service (IRS) announced today.

Wall Street Professionals Said Among 'High Class' Hooker Ring Clients

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Brooklyn - Kings County District Attorney Charles Hynes has announced a 144-count indictment charging a Sheepshead Bay escort service, High Class NY, with running a high-price prostitution and drug ring that earned more than $7 million in three years. And CNBC reports that, according to the authorities, many of the clientele were Wall Street professionals.

Chiesi Sentenced To 30 Months In Prison For Insider Trading Crimes


Preet Bharara, the United States Attorney for the Southern District of New York, announced Wednesday that Danielle Chiesi was sentenced to 30 months in prison for her participation in insider trading crimes with, among others, Raj Rajaratnam, the former head of the Galleon Group family of hedge funds.

Wells Fargo Pays $85m To Settle Mortgage Allegations

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Wells Fargo & Company has announced an agreement with the Board of Governors of the Federal Reserve that resolves allegations arising from an investigation into internal controls at its former Wells Fargo Financial unit. The bank will pay some $85m in civil penalties.