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wealth manager embroiled in divorce scandal over trust fund mismanagement
Richard Kallman is suing UBS and his wife Kineret's advisor, Ira Walker, alleging they conspired to mismanage a family trust during his divorce, resulting in significant financial loss. Kallman claims Walker had an affair with Kineret and improperly authorized disbursements without his knowledge. UBS is seeking to move the case to arbitration, while Kallman argues that Walker's actions breached fiduciary duties and created conflicts of interest.
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