Monday, August 15, 2022 | Back issues
Courthouse News Service Courthouse News Service

Lending Spree Spawns $100 Million Claim

MANHATTAN (CN) - UBS Securities defrauded investors of $65 million to $109 million by substituting high-quality collateralized debt obligations in their NS Repack investment pools with poor-quality ones more likely to default, and concealing it, Financial Structures Ltd. and Arrowood Indemnity Co. claim in New York County Court.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...