Hedge fund giant claims Suisse’s appraisals full of holes

NYP – Highland Capital claims Credit Suisse knew a luxury Las Vegas real-estate development was a total mirage — and has the e-mails to prove it.

The hedge fund giant, which is suing the Swiss bank in Dallas federal court over the Lake Las Vegas deal, argues Credit Suisse inflated appraisals in a questionable refinancing that ended up costing one of its funds $250 million when the owners defaulted in 2008.

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