Muni Bond Bid-Rigging Trial Begins For Ex-UBS Execs
In a packed courtroom, Kalina M. Tulley of the U.S. Department of Justice’s Antitrust Division told the jury that Peter Ghavami, Gary Heinz and Michael Welty executed a series of calculated deceptions intended to manipulate the bidding process on municipal finance contracts and other transactions.
“The defendants deceived cities and...
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