Ex-UBS Executive Ghavami Guilty in Municipal Bid-Rig Case

Christie Smythe and Patricia Hurtado, Boomberg Businessweek Ex-UBS AG (UBS) managing director Peter Ghavami and two former colleagues were convicted of rigging bids for contracts for investing proceeds of municipal bond sales. After about two days of deliberations, jurors in New York today found Ghavami, Gary Heinz and Michael Welty guilty of wire fraud conspiracy for […]