Credit Suisse Group AG (NYSE:CS) might owe as much as $2 billion relating to a fraud case against the defunct National Century Financial Enterprises. That firm collapsed in 2002 after investors discovered they had hidden huge cash flow shortfalls. The collapse caused investors more than $2.6 billion, and caused the collapse of more than 250 health care companies. If the company were to be found liable for the sums, it would deliver a serious blow to the firm’s business. The company is already cutting staff members worldwide, and selling parts of itself off, there have even been rumors that the…
Credit Suisse Could Owe $2 Billion On Cold Case Fraud
HFA Staff
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