Disgorgement & Penalty Information
Resolutions
None Specified
Monetary Penalties:
Disgorgement
(Penalty was noted in document, but no amount was listed)
Civil Penalty
Individual:
$65,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Related Documents:
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."
Order Creating Fair Fund and Setting Deadline to Submit Proposed Plan of Distribution
The Commission order that: "A) the Credit Suisse Fair Fund is created pursuant to Section 308(a) of the Sarbanes- Oxley Act of 2002 for the disgorgement, prejudgment interest, and civil money penalties collected from Credit Suisse and VTB Capital for distribution to harmed investors; B) the $2,429,883.94 collected from VTB Capital, consisting of disgorgement and prejudgment interest, and any interest that has accrued thereon, will be recalled from the U.S. Department of the Treasury and added to the Credit Suisse Fair Fund for distribution to harmed investors; and C) the due date by which the Division will submit a Proposed Plan for the Credit Suisse Fair Fund."
34-102911
22-Apr-2025
Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."
34-103353
30-Jun-2025
Administrative Proceeding
Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing the Approval and Payment of the Fees and Expenses of Administration
The Commission ordered that: "A. Simpluris is appointed as the Fund Administrator . . . ; B. Simpluris shall obtain a bond . . . in the amount of $105,481,755.94; C. the Fund Administrator will submit invoices to the Commission staff for services rendered . . . ; D. at the direction of an Assistant Director of the Office of Distributions, OFM is authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund."
34-103442
11-Jul-2025
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until January 30, 2026, to submit a Proposed Plan of Distribution is granted."
34-104684
26-Jan-2026
Administrative Proceeding
Second Extension Order
The Commission ordered that: "the Division's request for an extension of time until March 31, 2026, to submit a Proposed Plan of Distribution is granted."
34-105204
10-Apr-2026
Administrative Proceeding
Third Extension Order
The Commission ordered that: "[T]he Division’s request for an extension of time until July 31, 2026, to submit a Proposed Plan of Distribution is
granted."
