Credit Suisse former clients demand return of $150m in 'illegal' fees

Pedro Gonçalves
clock • 2 min read

A group of Credit Suisse Wealth Management clients who claim have been the victims of an estimated $1bn fraud are demanding the Swiss bank return over $150m in commissions and fees that were charged as part of the scam. The group, who call themselves CS Victims, blame the bank's personnel for the fraud, saying that the $150m in fees paid were a "direct result of illegal activity which proper systems and controls should have prevented." The demand follows an embarrassing spy scandal surr...

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