Major banks convicted in Milan fraud case - South China Morning Post

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFVGKXXgWGd5iicWF09dR qZj6tmzgamp;url=http://www.scmp.com/business/banking-finance/article/1108587/major-banks-convicted-milan-fraud-casebMajor banks convicted in Milan bfraud/b case/b/abr /font size=-1bfont color=#6f6f6fSouth China Morning Post/font/b/fontbr /font size=-1Deutsche Bank, JP Morgan Chase, UBS and Depfa Bank have been convicted by a judge in Milan for their role in overseeing bfraud/b by their bankers in the sale of derivatives to the city. Judge Oscar Magi yesterday ordered that about €90 million (HK$926 b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNE25zDR9oKDP8i7RwWVJm NIOFIBKQamp;url=http://www.bloomberg.com/news/2012-12-19/deutsche-bank-ubs-convicted-by-milan-judge-for-role-in-fraud.htmlDeutsche Bank, UBS Convicted by Milan Judge for Role in bFraud/b/afont size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEV8pTooaAM5VnzPJojXm J4WKhkKgamp;url=http://www.reuters.com/article/2012/12/19/italy-banks-trial-idUSL5E8NJBK020121219UPDATE 3-UBS, Deutsche dealt new blow by Italy bfraud/b verdict/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH7ginvN_I5gh79lGeEy7 WMx29NQwamp;url=http://www.nytimes.com/2012/12/20/business/global/four-banks-found-guilty-of-fraud.htmlFour Banks Found Guilty of bFraud/b - NYTimes.com/afont size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=dGk3CXqI8-OmCRMAjz1sN_mZfhNEMamp;ned=en_zanobrball 111 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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