Ex-Bank VP 8th To Plead Guilty In Muni Bond Probe

Law360, New York (November 30, 2010, 8:14 PM EST) -- A former vice president of an unnamed New York bank's subsidiary pled guilty Tuesday for his role in bid-rigging and fraud conspiracies tied to contracts for investing in municipal bond proceeds, marking the eighth guilty plea in a probe into the municipal bonds industry.

James L. Hertz entered the plea in the U.S. District Court for the Southern District of New York, admitting he had engaged in bid-rigging and fraud conspiracies related to investment agreements and other municipal finance contracts, as well as wire fraud....
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