Ex-UBS Adviser Gets 5 Years For Stealing From Clients

Law360, New York (June 9, 2011, 5:44 PM EDT) -- A former UBS financial adviser accused of stealing $5.4 million from clients pled guilty in California federal court Wednesday and agreed to serve more than five years in prison for his financial misdeeds.

According to the U.S. attorney's office for the Northern District of California, Steven Kobayashi pled guilty to one count of wire fraud and one count of money laundering. As part of his plea agreement, he agreed to serve 65 months in prison and pay back $5.4 million in restitution.

Kobayashi admitted to illegally...
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Case Information

Case Title

USA v. Kobayashi


Case Number

4:11-cr-00106

Court

California Northern

Nature of Suit

Date Filed

March 3, 2011


Case Title

Securities And Exchange Commission v. Kobayashi


Case Number

4:11-cv-00981

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Claudia Wilken

Date Filed

March 3, 2011

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