{
Jonathan Glassberg

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ubs advisor faces backlash after recommending fraudulent investment to client

Jonathan Glassberg, founder of JB Drax Honoré, lost $2.5 million after investing in the fraudulent Direct Lending Income Fund, recommended by his UBS advisor. The Singapore Supreme Court criticized UBS for its misleading marketing but ruled the bank bore no responsibility, citing Glassberg's extensive investment experience. The fund collapsed in 2019 after the SEC revealed it had falsified loan values.
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United States Dollar Credit Suisse High Yield Bond Fund, Inc. CYM USA SGP Jonathan Glassberg Beat Schmid Show more
Regulatory & Legal, News Article
07:46 16.01.2025
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