Investment Banking

Wall Street crime: Seven years, 156 cases and few convictions

Proceedings against individual bank employees are rare, and authorities have had difficulty winning cases

Wall Street crime: Seven years, 156 cases and few convictions
Photo: iStockPhoto

Gary Heinz is little known on Wall Street, but he belongs to a select club.

In 2013, the former UBS employee was sent to prison on charges of rigging bids tied to the municipal-bond market. Now, he sits at a halfway house in San Antonio, awaiting his release in July.

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