Former UBS Broker Pleads Guilty to Ponzi Scheme
Donna Tucker, a former UBS Wealth Management Americas broker, was charged by the SEC with perpetrating a five-year Ponzi scheme.
Tucker began her career with A.G. Edwards & Sons Inc., which is now part of Wells Fargo & Co., in 2003, and then joined UBS in 2007.
Tucker misappropriated more than $730,000 from her clients from January 2008 to April 2013, and used the money to pay for vacations, cars, clothing and a country club membership, while misleading clients about the status of their funds. Tucker engaged in unauthorized trading and other financial transactions, made misrepresentations to such customers about their investment accounts, and forged brokerage banking and other documents.
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