The former broker could spend up to 60 years in prison.
April 15, 2022 at 04:01 PM
4 minute read
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An ex-UBS broker has pleaded guilty to defrauding a family out of $5.8 million, most of which he spent on gifts for girlfriends, according to the Securities and Exchange Commission.
The gifts included private school tuition, luxury cars and an apartment in Colombia, according to the SEC.
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UBS is a globally active financial services company.
