Fox News: New York Sues UBS, Alleges Auction-Rate Fraud

[riky]

New York Sues UBS, Alleges Auction-Rate Fraud
     

New York Attorney General Andrew Cuomo filed a civil lawsuit Thursday against UBS AG , accusing the Swiss bank of steering customers into auction-rate securities that this year became impossible to cash out of amid the credit crunch.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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