Deals
Ex-UBS Banker Poteroba Pleads Guilty to Insider Scheme
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Igor Poteroba, a former UBS AG investment banker, pleaded guilty to insider-trading charges after being accused of tipping friends to potential mergers.
Poteroba, 37, pleaded guilty to one count of conspiracy to commit securities fraud and three counts of securities fraud yesterday before U.S. District Judge Paul A. Crotty in Manhattan, according to court records. Poteroba agreed to forfeit $465,000 in proceeds from the crime.