FTC:WATCH Special Report: UBS trial, Part IV: JP Morgan conspirator testifies

( November 30, 2012) -- Taking money from U.S. taxpayers was a common practice at major investment banks, including Swiss-owned bank UBS, according to an FTC:WATCH analysis of testimony in the month-long trial of three of that bank’s key municipal desk employees, who were recently convicted by a federal jury of conspiracy and wire fraud. This issue’s coverage, exclusive coverage for FTC:WATCH subscribers, highlights the testimony in the third week of the trial, when former JP Morgan investment banker Alexander Wright took the stand....

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