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Kareem Serageldin was an executive at Credit Suisse who was described by friends as an “investment-banking monk.”〔(Why Only One Top Banker Went to Jail for the Financial Crisis )〕 As of April 30, 2014, Serageldin was also the “only Wall Street executive prosecuted as a result of the financial crisis” that triggered the Great Recession.〔(The Rise of Corporate Impunity ): Meet the only Wall St. executive prosecuted as a result of the financial crisis. Has justice been served?〕 On Friday, November 22, 2013, Serageldin--the former Managing Director/Global Head of Structured Credit in the Investment Banking Division of Credit Suisse Group--was sentenced to 30 months in prison in connection with a scheme to hide more than $100 million in losses in a mortgage-backed securities trading book at Credit Suisse.〔(Former Credit Suisse Managing Director Sentenced In Manhattan Federal Court To 30 Months In Prison In Connection With Scheme To Hide Losses In Mortgage-Backed Securities Trading Book )〕 Serageldin also agreed to give back $25.6 million in compensation to Credit Suisse, and was later ordered to pay more than $1 million to settle an SEC lawsuit.〔(Ex-Credit Suisse CDO Chief Must Pay More Than $1 Million )〕 Serageldin pleaded guilty〔(Former Credit Suisse Executive Pleads Guilty to Inflating the Value of Mortgage Bonds )〕 to "fraudulently inflating the prices of asset-backed bonds which comprised subprime residential mortgage backed securities (“RMBS”) and commercial mortgage backed securities (“CMBS”) in Credit Suisse’s trading book in late 2007 and early 2008." The "alleged manipulation of these bond prices contributed to Credit Suisse taking a $2.65 billion write-down of its 2007 year-end financial results."〔(Manhattan U.S. Attorney and FBI Assistant Director in Charge Announce Charges Against Two Former Credit Suisse Managing Directors and Vice President for Fraudulently Inflating Subprime Mortgage-Related Bond Prices in Trading Book ) Defendants’ Alleged Conduct Contributed to More Than $2.6 Billion Dollar Write-Down in Bank’s Reported Net Income; Two Defendants Have Pled Guilty and Are Cooperating with the Government’s Investigation〕〔(U.S. Securities and Exchange Commission, Plaintiff, v. Kareem Serageldin, David Higgs, Faisal Siddiqui and Salmaan Siddiqui, Defendants. )〕 As to the question of why the Justice Department has thus far failed to more vigorously pursue criminal cases against financial executives, one analyst asserted that the department “effectively lost its ability to indict corporations or go after individuals at the highest echelons of corporate America.”〔(Only one person has gone to jail for the financial crisis )〕 ==See also== *Financial crimes *Securities fraud *Too big to fail 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Kareem Serageldin」の詳細全文を読む スポンサード リンク
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