Photo: Michael A. Scarcella/ALM Credit Suisse's UK Subsidiary to Pay $22 Million in Restitution in Mozambique Tuna Fishing Case
U.S. District Judge William Kuntz described the sentencing, part of a three-year deferred prosecution agreement, as a "day of sadness," noting the impact of the scheme on its victims.
July 22, 2022 at 03:18 PM
2 minute read
Litigation
The original version of this story was published on New York Law Journal
The United Kingdom subsidiary of Credit Suisse was sentenced in U.S. federal court in Brooklyn, New York Friday after pleading guilty to wire fraud conspiracy related to the financing of an $850 million loan for a tuna fishing project in Mozambique.
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