Former UBS Broker Pleads Guilty to Ponzi Scheme

Posted on August 20th, 2014 at 9:49 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

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.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

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