Former UBS Exec Pleads Guilty On Eve Of Trial

Law360, New York (February 27, 2008, 12:00 AM EST) -- A former UBS executive has pled guilty to multiple charges related to a scheme that netted millions through allegedly trading on inside information from his employer and Morgan Stanley & Co.

Mitchel Guttenberg, 42, entered guilty pleas in two counts of conspiracy to commit securities fraud and four counts of securities fraud Wednesday in the U.S. District Court for the Southern District of New York.

Guttenberg faces up to 90 years in prison when he is sentenced on June 2. The former executive director and institutional...
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