Five Big Banks Pleading Guilty to Felony Charges Will Continue Business as Usual
May 14, 2015 “For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote,” writes Dealbook at The New York Times.
Crony Capitalism’s Power Couple
Dec 21, 2012 Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?
UBS Trader Charged With Fraud
Sep 18, 2011 The trader arrested on suspicion of costing Swiss banking giant UBS more than $2 billion in unauthorized trades was charged Friday with fraud and two counts of false accounting dating as far back as 2008.
Trader Lost Billions for Swiss Bank
Sep 15, 2011 Swiss banking giant UBS said Thursday that a rogue trader had cost it approximately $2 billion in unauthorized trades. (more)
Holding Corporations Accountable for Apartheid Crimes
Jan 13, 2010 A landmark class action case is under way in a New York federal court, with victims of apartheid in South Africa suing corporations that they say helped the pre-1994 regime.Who Is Obama Playing Ball With?
Aug 26, 2009 It looked like it was business as usual for President Barack Obama on the first day of his vacation, as he spent five hours golfing with a top executive from UBS, a bank that sheltered wealthy tax dodgers while hardworking U.S. taxpayers were bailing it out.
Swiss Bank to Hand Over Account Info
Aug 19, 2009 Swiss bank accounts aren't what they used to be. Switzerland recently agreed to fork over information on 4,450 UBS AG bank accounts to the IRS as an investigation into suspected tax evasion threatens the good name that Swiss banking has provided to money launderers and tax evaders for centuries.
UBS Money Laundering: What Did Phil Gramm Know?
Aug 19, 2009 In recent days yet another wealthy private customer of the Swiss-based banking conglomerate UBS admitted to criminal fraud in a growing parade of perp walks that could extend into the thousands. It is a case that threatens to ensnare former Sen. Phil Gramm, the Texas Republican who is vice chairman of UBS’ investment banking business.Was Phil Gramm truly unaware of the widespread efforts at UBS to defraud the U.S. Treasury?
Endgame for Gramm?
Apr 15, 2009 One wonders if Phil Gramm has been made just a tad nervous by the news on Tuesday that one of UBS' super-wealthy private clients has pleaded guilty to tax evasion.
