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MD Office of Attorney General Recoups More Than $400,000 in Restitution for Maryland State Retirement System
28 Jul 2020 12:45 AM
|
Anonymous
The
Maryland State Retirement and Pension System has received $405,208.53 in restitution from Union Bank of Switzerland (UBS).addition, the
Maryland
Attorney General’s Office received $296,000 as payment for its work on the related investigation into fraudulent conduct by major banks involving the manipulation of the LIBOR
(The London Interbank Offered Rate)
benchmark interest rate.Source:
Maryland Attorney General
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