Peter Grimm


Peter Grimm News

  • Former UBS Employee Avoids Prison in Bid-Rigging Case

    Mark Zaino, a former UBS AG employee who cooperated with investigators and testified about bid-rigging in the $3.7 trillion municipal bond market, was given no prison time at his sentencing.

  • The `GE Three' Go Free

    Three former General Electric traders had their conviction tossed out this week, raising more questions about white-collar prosecutions.

  • Three Ex-GE Bankers Indicted as U.S. Bid-Rigging Probe Broadens

    Three former bankers with a General Electric Co. unit that sold investment contracts to state and local governments were indicted for conspiring to profit at taxpayers’ expense by rigging bids, showing the broadening scope of a Justice Department investigation of municipal finance.

  • Ex-UBS Executives Go to Trial in Bond Bid-Rigging Case

    Peter Ghavami, former co-head of UBS AG’s municipal-derivatives group, and two former co-workers were accused by prosecutors of lying and stealing from U.S. cities and towns by conspiring to rig bids for investing proceeds of municipal bond sales.

  • New York Transit Agency Is Set to Hire Firm Employing Target in Muni Probe

    New York’s Metropolitan Transportation Authority may hire a financial adviser that employs a target in a long-running federal investigation of bid- rigging in the U.S. municipal bond market.

  • Ex-GE Bankers Win Reversal of Convictions for Bid-Rigging

    Three former General Electric Co. bankers won an appeal of their convictions for defrauding cities and the federal government in a bid-rigging scheme involving municipal bonds.

  • GE, BP, Highland Capital, Kebble, WG Trading, Freight Cartel in Court News

    Three former bankers with a General Electric Co. unit that sold investment contracts to state and local governments were indicted for conspiring to profit at taxpayers’ expense by rigging bids, showing the broadening scope of a Justice Department investigation of municipal finance.

  • Ex-UBS Executives Gave FGIC Notice on Bids, Witness Says

    Two former UBS AG municipal-bond executives accused of rigging bids gave a contact at a General Electric Co. unit early notice of how much to bid on bonds, a former colleague testified.

  • Conspiracy of Banks Rigging States Came With Crash

    A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.

  • Ex-GE Bankers Convicted of Municipal Bond Bid-Rig Scheme

    Three former General Electric Co. bankers were sentenced to prison terms ranging from three to four years for defrauding cities and the U.S. Internal Revenue Service in a bid-rigging scheme involving municipal bonds.

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