Former Credit Suisse trader spared prison

摘要

A former London-based Credit Suisse trader has been spared prison for his role in artificially inflating subprime bond prices, in one of the few US criminal prosecutions stemming from the financial crisis. Former trader David Higgs, who pleaded guilty in 2012 to a conspiracy charge, was ordered to forfeit US$900,000 to the government and pay a US$50,000 fine by US District Judge Alison Nathan in New York. According to the office of Manhattan US Attorney Preet Bharara, Higgs provided "extremely substantial assistance" after agreeing to co-operate with prosecutors. Another Credit Suisse trader, Salmaan Siddiqui, also pleaded guilty in 2012 and is scheduled to be sentenced this month.