Former Credit Suisse banker Kareem Serageldin, the
highest-ranking Wall Street executive to be charged for crimes tied to the
mortgage meltdown, is coming home to face the music, The Post has learned. The 39-tear old Yale graduate was indicted by
a Manhattan federal grand jury in February 2012 — along with two Credit Suisse
colleagues — for allegedly covering up losses in a $3.5 billion toxic mortgage
portfolio as the real estate market was collapsing in 2007.
Serageldin could be brought to the Big Apple by the end of
March to face wire fraud and conspiracy charges, this person said. He faces as
much as 45 years in prison if convicted.
The cover-up scheme was carried
out in a bid by the trio to boost their bonuses, prosecutors said. The alleged
cover-up forced Credit Suisse, which has cooperated with the probe, to announce
an unexpected $2.65 billion write-down in 2008….
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