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Tuesday, June 25, 2024 | 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.

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