Fugitive Ex-Credit Suisse Broker Arrested

Bulgarian-born Julian Tzolov, the fugitive ex-Credit Suisse broker facing criminal charges linked to the subprime mortgage meltdown,  has been arrested, Assistant Brooklyn U.S. Attorney Daniel Spector said in a letter to court filed today.

From Bloomberg:

Tzolov…was declared a fugitive in June.

“The government writes to inform the Court that the defendant (and fugitive) Julian Tzolov has been apprehended,” Spector said in the letter.

The arrest comes as U.S. prosecutors filed new charges against former Credit Suisse broker Eric Butler, who is scheduled to go to trial next week for fraudulently selling clients subprime mortgages linked to auction-rate securities.

Butler and Tzolov were accused yesterday in a 14-count indictment in federal court in New York of wire fraud in an illegal scheme to sell securities…

Tzolov disappeared on May 9 from a Manhattan home where he had been under house arrest since last year after surrendering his passport and posting a $3 million bond.

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