A federal appeals court on Thursday upheld fraud and conspiracy convictions against three former UBS Financial Services Inc. executives over their role in manipulating the bidding process for contracts to invest money that local governments raised from selling municipal bonds.
Shooting down arguments that federal prosecutors brought their claims too late, the U.S. Court of Appeals for the Second Circuit refused to overturn the 2012 convictions of Gary Heinz, Michael Welty and Peter Ghavami. The three were accused of taking part in a bid-rigging conspiracy that defrauded cities and towns, the U.S. Treasury Department and the Internal Revenue Service.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
