Patrice Lescaudron

Lies, tears and fake Excel files at Credit Suisse banker's trial

Patrice Lescaudron, former Credit Suisse Group banker on trial for taking money from the accounts of wealthy clients, found phony Excel spreadsheets were easiest way to keep customers in the dark about fraud in their accounts

19.01.2018

Patrice Lescaudron has admitted to falsifying trades and then distributing false statements to cover mounting losses, primarily by taking money out of the accounts of Bidzina Ivanishvili, the former prime minister of Georgia. His scheme went undiscovered until a massive wrong-way bet on a Californian drugmaker unraveled in September 2015.

The Frenchman spent Thursday afternoon on the witness stand in the Geneva court answering increasingly tense questions from his victims’ lawyers that prompted presiding judge Alexandra Banna to suspend proceedings for 20 minutes to address one line of questioning.