Former Bookkeeper Indicted on $2 Million Fraud Charge

OAKLAND, CA—A former financial adviser for the United Bank of Switzerland Financial Services, Inc. (UBS), was sentenced yesterday to 65 months in prison, followed by three years of supervised release, for a fraudulent scheme in which he converted more than $5.4 million of his clients’ funds to his personal bank accounts for his own benefit, United States Attorney Melinda Haag announced. Steven Kobayashi, 39, of Livermore, Calif., was charged by information on March 3, 2011, with one count of .... [More]

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