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USA v. Boustani et al

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. July 19, 2019

    Ex-Credit Suisse Director Cops To Role In $2B Loan Fraud

    A former Credit Suisse managing director on Friday admitted to his role in a bribery and investor fraud scheme involving $2 billion in loans to state-backed companies in Mozambique, telling a New York federal judge he conspired to defraud those who invested in the debt.

  10. June 18, 2019

    Suspect Says US Can't Charge Him With $2B Fraud In Africa

    A Lebanese salesman told a New York federal judge that the U.S. government has yet to show how it is related with $2 billion in allegedly fraudulent loans backed by the government of Mozambique.

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