Ex-UBS Execs Cheated Cities In Muni Bond Scam, Jury Told
Former UBS employees Peter Ghavami, Gary Heinz and Michael Welty conspired with contacts at large capital investors like Bank of America NA and JPMorgan Chase & Co. to defraud cities and towns they were supposed to be working for, prosecutors told jurors. The jury is expected to begin its deliberations Tuesday.
While at UBS,...
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