The Fraud Cases Against Julian T. Tzolov And Eric S. Butler
- Backgroundnow.com Staff
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The Fraud Cases Against Julian T. Tzolov And Eric S. Butler is written by Backgroundnow.com Staff and published by www.BackgroundNow.com. It's available with International Standard Book Number or ISBN identification 1440425310 (ISBN 10) and 9781440425318 (ISBN 13).
JULIAN TZOLOV and ERIC BUTLER, former brokers at Credit Suisse Securities LLC, have been charged with conspiracy, securities fraud, and wire fraud. The superseding indictment alleges that the defendants schemed to obtain higher sales commissions by selling auction rate securities ("ARS") backed by mortgages to Credit Suisse clients who, in fact, had placed orders to buy ARS backed by student loans. The defendants concealed their scheme by falsifying the names of the ARS the clients bought and otherwise misleading the clients into believing they had bought ARS backed by student loans. When the mortgage-backed ARS market failed, the clients lost their money.
