Defendant Name: Credit Suisse Group AG

Defendant Type: Public Company
SIC Code: 6719
CUSIP: 22540110

Initial Case Details

Legal Case Name In the Matter of Credit Suisse Group AG
First Document Date 19-Oct-2021
Initial Filing Format Administrative Action
File Number 3-20629
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 19-Oct-2021
Headline Total Penalty and Disgorgement $99,051,872

Related Documents:

2021-213 19-Oct-2021 Press Release--Administrative Proceeding
Credit Suisse to Pay Nearly $475 Million to U.S. and U.K. Authorities to Resolve Charges in Connection with Mozambican Bond Offerings
The SEC stated: "Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission, for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique."
33-11001 19-Oct-2021 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing and Cease-and-Desist Order
On October 19, 2021, the SEC instituted settled cease-and-desist proceedings against Credit Suisse Group AG stating: "This matter concerns an offering fraud and violations of the internal accounting controls and books and records provisions of the Foreign Corrupt Practices Act by Credit Suisse, from 2013 to 2016, in connection with three interconnected transactions involving, among others, United Kingdom-based Credit Suisse entities and Mozambican state-owned entities."

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