(February 28, 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. The charges involve bid-rigging on public works projects, including schools, hospitals and highways, which meant that money raised by local taxpayers earned a lower return than it would have received in an above-board market. This issue’s coverage, exclusive coverage for FTC:WATCH subscribers, highlights the case mustered by the defense in the fourth week of the trial....