Government Ups the Ante for Financial Fraud With Criminal Charges Against UBS for LIBOR Misdeeds
Posted 12/27/12
By Gordon Schnell
It was just two weeks ago that the government slapped HSBC with a record $1.9 billion fine to settle charges of money laundering and dealing with terrorist states. As steep as the payment was, however, there seemed to be an overriding consensus that the government let the banking giant off easy by foregoing any criminal charges. To many, it was just the latest iteration of the...