Feds Unleash Wiretap Barrage In UBS Bid-Rigging Trial

Law360, New York (August 9, 2012, 8:19 PM EDT) -- Prosecutors in the trial of three former UBS AG executives charged with rigging municipal bond bids played nearly a dozen wiretapped phone calls Thursday, including one in which a defendant boasted that making an intentionally losing bid to help another bank was "courageous."

The government played 11 recordings to bolster its case against Gary Heinz, Peter Ghavami and Michael Welty during the second week of trial in New York federal court. The ex-UBS executives were accused in December 2010 of conspiring with employees of various financial...
To view the full article, register now.



Case Information

Case Title

Magistrate judge case number: 

Case Number



New York Southern

Nature of Suit

Date Filed

December 9, 2010

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.