REUTERS - A former Credit Suisse Group AG
Kareem Serageldin, the Swiss bank's former global head of structured credit, pleaded guilty to conspiracy to falsify books and records at a hearing in Manhattan federal court.
Prosecutors had accused him of artificially inflating the prices of subprime mortgage-backed bonds between August 2007 and February 2008, when housing and credit conditions were rapidly deteriorating.
(Reporting by Bernard Vaughan in New York; Writing by Jonathan Stempel; Editing by Phil Berlowitz)
