The Attorney for the United States in other districts offices focus on other banks in related investigations, said the people, who was not authorized to speak publicly. Asked how many American lawyers have been involved.
Surveys show that the authorities are still trying to build a case on the misconduct alleged by the banks that led to the financial crisis of 2008.
The probe of New Jersey came out a working group created by President Barack Obama in January 2012, one of the people said.
The Working Group, called the Residential Mortgage - Backed Securities (RMBS), working group was supposed to coordinate a series of federal investigations and States with poor quality loans that have been packaged and sold to investors. These securities to diversify the risk throughout the markets and were a major factor contributing to the financial crisis.
The Ministry of Justice, said early last year that it had sent subpoenas to appear civil at 11 financial institutions in its investigation of the RMBS market.
U.S. Attorney Paul Fishman of New Jersey, examines how the Credit Switzerland managed the mortgage securitization process, step by step, according to one of the people.
Matthew Reilly, a spokesman for Fishman, declined to comment.
Adora Andy, a spokesman for the U.S. Department of Justice, did not immediately return a call for comments.
Jack Grone, a spokesman for Zurich Switzerland, second most large-bank's Credit the Switzerland, also declined to comment.
Credit Switzerland has been the target of other probes US mortgage-backed securities. In November, the Bank agreed to a settlement of the 120 million $ with the U.S. Securities and Exchange Commission civil charges arising from the sale of the Bank's mortgage bonds risky to investors before the crisis.
The Bank settled the SEC case without admitting wrongdoing.
Separately, the Attorney general of New York Eric Schneiderman filed a civil suit against Credit Switzerland in November. The complaint accuses Credit Switzerland misleading investors who lost $ 11.2 billion $ in mortgage-backed securities, sponsored by the Bank.
Schneiderman is co-Chair of the RMBS working group formed by Obama.
Schneiderman has also filed a lawsuit against JPMorgan Chase & Co in October. This case is over the mortgage-backed securities sold by Bear Stearns, JPMorgan acquired in a fire sale of 2008. The case of JPMorgan was the first trial to emerge from the working group.
The Department of Justice in Washington is also investigating JPMorgan allegations that Bear Stearns has provided misleading information about its mortgage products in the run-up to the financial crisis, as Reuters reported Wednesday.
Earlier this month, in one of its more ambitious cases related to the crisis, the Department of Justice has filed a lawsuit of $5 billion against unit Standard & Poors of McGraw Hill. Filed in Los Angeles, the prosecution says that the rating agency had conspired to defraud investors in securities backed by mortgages that collapsed in the financial crisis. Standard & poor said, that the trial is "dismissed".
During his State of the Union 2012, Obama said that he created the group investigates packaging risky mortgages to "empower those who broke the law" and to "help turn the page on an era of recklessness.
(Edited by Karey Wutkowski and Bernadette Baum)
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