FTC:WATCH UBS Special Report, part VIII: Fruits of their labors

(February 1, 2013) -- Many financial institutions were on the take, stealing money from U.S. taxpayers, according to an FTC:WATCH analysis of testimony in the month-long trial of three key municipal desk employees at Swiss-owned UBS, who were recently convicted by a federal jury of conspiracy and wire fraud. This issue’s exclusive coverage for FTC:WATCH subscribers offers highlights from the last few days of the Justice Department’s case against the three former UBS employees, including details about how conspirators took money from cash-strapped community colleges to reap large profits and boost their own salaries....

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