Economics
Credit Suisse Cheat Couldn’t Have Acted Alone, Billionaire Says
- Ivanishvili says it was ‘impossible’ for one man to do this
- Credit Suisse insists no one knew of Lescaudron’s deception
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A former Credit Suisse Group AG banker was not the lone wolf the firm described when he was convicted of fraud, according to his main victim, Georgian billionaire Bidzina Ivanishvili.
Armed with falsified portfolio statements, Patrice Lescaudron and at least two other colleagues made multiple trips to the former Georgian prime minister’s villa in the countryside, two hours outside the capital Tbilisi, Ivanishvili said in an interview.