« The Future of Financial Privacy Made Easy! | Home | US banks propped up by Fed. Who Else is Going to Lend to Them? »

UBS accused of fraud in US

By admin | July 26, 2008

Just adding to the woes of UBS, the New York State Attorney General yesterday filed a multi-billion dollar civil lawsuit against the Swiss banking giant, for allegedly offloading troubled auction-rate securities owned by the bank and its senior staff on to retail investors.
The lawsuit charges UBS with falsely marketing and selling auction-rate securities as safe, cash-equivalent investments when they were clearly not.

UBS strenuously denies the reports.

More details are here:

CNN article

Sphere: Related Content

No related posts.

Topics: Banks and banking offshore | No Comments »

Comments

You must be logged in to post a comment.

  • FREE INTENSIVE OFFSHORE COURSE
     Discover the Secrets of the Super Rich
         Unbiased guidance from Q Wealth Professionals

    Enter your e-mail address here to receive our five day course in your e-mail box:

    Day1:Offshore Banking Made Simple
     Day2:Offshore Asset Protection and Estate Planning
     Day3:Health, Wealth and Wisdom
     Day4:Build Real Wealth Offshore and Online
     Day5:How to Prosper from the Coming Shift in Power

    Enter your e-mail here:

    Free subscription to Q Bytes (No obligation - no spam - unsubscribe any time)

  • Sign up for QBytes


    If you are interested in receiving news and more information related to wealth creation and international living topics, sign up to our FREE newsletter Q Bytes.

    From time to time we offer exclusive benefits for regular Q Bytes readers. These may include discounts on events, pre-launch access to new information, free limited access to research reports, and more… You can read about these offers in Q Bytes.

    Enter your email address to sign up today

    		   

    After entering your email address in the box above, you should receive a confirmation email within a few minutes. You will need to click on the link in that mail in order to confirm that you have opted in to the Q Bytes subscription.