August 09, 2012
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."
August 01, 2012
The U.S. Department of Justice on Wednesday moved to exclude certain audio recordings of Gary Heinz made by two cooperating witnesses in the trial of Heinz and two other ex-UBS AG employees charged with bid-rigging in the municipal finance market, arguing the recordings are hearsay.
July 31, 2012
A former UBS AG director turned government informant told a New York federal jury Tuesday that he and three other UBS executives conspired to rig bids on municipal bond contracts, providing a key piece of testimony for prosecutors.
July 30, 2012
The trial of three former UBS AG executives accused of scheming to rig bids on municipal bonds began Monday, with prosecutors telling jurors how the trio conspired with competitors to rip off municipalities across the country.
July 18, 2012
A former JPMorgan Chase & Co. banker pled guilty Wednesday to conspiring to rig bids as part of a 2002 municipal bond deal involving a New Jersey hospital, and said he would testify in other prosecutions connected with the scheme.
July 13, 2012
A New York federal judge on Friday denied a move to dismiss part of an indictment in a criminal case against three former UBS AG executives over alleged fraud schemes and bid-rigging related to contracts in the municipal bond market, finding the charges are not time-barred.
June 07, 2012
A New York federal judge on Tuesday declined to revoke privacy privileges attached to secretly recorded communications in a criminal case against three former UBS AG executives over their alleged participation in fraud schemes and bid-rigging related to contracts in the municipal bond market.
December 02, 2011
Defense lawyers on Friday accused the federal government of using questionable tactics in an undercover operation that forms part of a municipal bond-related criminal bid-rigging case against former executives of a General Electric Co. finance unit and broker CDR Financial Products.