NEW YORK (Reuters) - A former Credit Suisse Group AG broker was convicted by a federal jury of fraud for steering corporate clients into risky auction-rate securities, causing nearly $1 billion of losses. The Brooklyn, New York, jury on Monday found Eric Butler guilty of securities fraud and two counts of conspiracy after less than a day of deliberation, following a ...

NEW YORK (Reuters) - A former Credit Suisse Group AG broker used bait-and-switch tactics in fraudulently steering corporate clients into risky mortgage investments they did not want, federal prosecutors said on Friday. In closing arguments of a roughly three-week trial, the government portrayed Eric Butler as having taken advantage of his employer's reputation and the trust his clients put in ...

NEW YORK (Reuters) - A former Credit Suisse broker testified on Thursday that he and his former business partner lied to corporate clients and sent them incorrect information in emails to cover up investments in risky debt. In one of the first criminal prosecutions stemming from the credit crunch to go to trial, former broker Julian Tzolov told a jury that ...

NEW YORK (Reuters) - Opening one of the first fraud trials arising from the credit crunch, a U.S. prosecutor on Thursday accused a former Credit Suisse broker of lying to clients about auction rate securities deals, while the defense emphasized the collapse of the market. Wall Street broker Eric Butler, 37, and colleague Julian Tzolov were indicted in September on ...