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USA v. Boustani et al

  1. October 18, 2019

    Ex-Credit Suisse Exec Tells Of Hidden Ploy To Aid $2B Fraud

    A former Credit Suisse investment banker on Friday testified of how he continued in secret to push through a deal at the bank that prosecutors say was part of a $2 billion fraud and kickback scheme involving loans to Mozambican state-backed companies, even after he left the Swiss lender.

  2. October 17, 2019

    Ex-Credit Suisse Exec Says He Cashed In On $2B Loan Fraud

    Jurors in the trial of Privinvest executive Jean Boustani, who's accused of a $2 billion Mozambican government loan fraud scheme, on Thursday heard a former Credit Suisse managing director describe how he worked to pile more debt on state-backed companies, which fueled his stream of kickbacks.

  3. October 16, 2019

    Boustani Accuses Feds Of 'Misdirection' As Trial Begins

    An attorney for Privinvest Group executive Jean Boustani on Wednesday told a New York jury his client was involved in payments to government officials in Mozambique, which prosecutors say were part of a $2 billion fraud scheme, but denied that he defrauded investors or laundered any funds.

  4. October 11, 2019

    Boustani Heads To Trial In $2B Mozambique Fraud Case

    The long-awaited trial of Privinvest executive Jean Boustani over his role in a securities fraud, bribery and kickback scheme involving $2 billion in Mozambican government loans is scheduled to commence on Tuesday.

  5. October 04, 2019

    Boustani Loses Bid To Dismiss Brushed-Up Fraud Indictment

    A former salesman at an Abu Dhabi shipbuilder accused of securities fraud involving $2 billion in Mozambican government loans lost his bid to dismiss the case on Thursday when a Brooklyn federal judge said prosecutors' second try at an indictment anchored the scheme in the U.S.

  6. October 02, 2019

    Judge Denies Bid To Exclude Emails From $2B Fraud Trial

    A former salesman accused of a scheme to defraud investors in $2 billion in Mozambican government loans lost a bid to have email evidence tossed ahead of his upcoming trial, with a Brooklyn federal judge on Tuesday validating the seize-search-seize method that has emerged for warrants to search digital property.

  7. September 11, 2019

    3rd Ex-Credit Suisse Banker Cops To $2B Mozambique Fraud

    It was revealed Wednesday that a third former banker for Credit Suisse has admitted to his role in an alleged bribery and kickback scheme involving $2 billion in loans backed by the government of Mozambique.

  8. August 21, 2019

    Boustani Says No US Ties To Alleged Mozambique Fraud

    A former salesman for Abu Dhabi-based shipbuilder Privinvest accused of taking part in a $2 billion, Mozambique-based bribery and investor fraud scheme on Wednesday urged a New York federal judge to dismiss the charges, saying they lack a sufficient nexus to the U.S.

  9. August 19, 2019

    Feds Beef Up Boustani Indictment Before Dismissal Args

    Federal prosecutors filed a new indictment in the Mozambique corruption case against Lebanese salesman Jean Boustani on Monday, days ahead of a hearing on Boustani's claim that the case should be dismissed for lacking a connection to the U.S.

  10. July 23, 2019

    $2B Mozambique Fraud Hurt US Investors, Feds Tell Court

    Federal prosecutors told a New York federal judge on Monday that a Lebanese salesman can't ditch charges that he helped siphon money from $2 billion in loans backed by Mozambique's government, especially since the scheme hurt U.S. investors.

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