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US declares ex-CS trader due for trial a fugitive

NEW YORK, June 5 (Reuters) - Ex-Credit Suisse CSGN.VX trader and Bulgarian national Julian Tzolov was declared a fugitive by the U.S. government on Friday, three weeks before his trial for fraud related to subprime mortgages and auction rate securities.

A document filed in U.S. District Court in Brooklyn said Tzolov, who was under house arrest and electronic monitoring, left his home on May 9 without permission of authorities.

“Beginning on May 9, and continuing thereafter, the government has undertaken an extensive effort to determine Tzolov’s whereabouts and apprehend him,” the U.S. Attorney for the Eastern District said in a letter to the presiding judge. (Reporting by Grant McCool; Editing by Lisa Von Ahn)

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