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Ex-UBS Adviser Bilked Clients For Almost $4M, Feds Say

By Stewart Bishop (August 10, 2018, 8:37 PM EDT) -- A former financial adviser for a UBS Group AG unit has been charged with defrauding his retail clients out of nearly $4 million by promising returns as high as 20 percent in private investment funds but pocketing the bulk of the cash, Michigan federal prosecutors said Friday....

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