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Fugitive broker brought to US for trial

Fugitive broker brought to US for trial

A fugitive former Wall Street broker charged with securities fraud has been brought to the U.S. for trial after his capture in Spain.
Julian Tzolov arrived Monday in the custody of FBI agents. An international manhunt that began in early May ended last Wednesday when Spanish police caught the former broker for Credit Suisse's private banking division.
A trial is set for Wednesday in federal court in Brooklyn.
Tzolov and a former Credit Suisse colleague have pleaded not guilty to securities fraud. They were accused of duping foreign corporate customers into believing that $1 billion in U.S. securities being bought for their accounts was backed by federally guaranteed student loans.
Defense attorney Benjamin Brafman says his client "made a very serious mistake" by fleeing.


Updated : 2021-10-22 06:04 GMT+08:00