logo
UBS Client Can't Sue Bank Over Broker's Alleged Affair With Wife

UBS Client Can't Sue Bank Over Broker's Alleged Affair With Wife

Bloomberg23-05-2025

By and Benjamin Bain
Save
A UBS Group AG client, who alleges his wealth adviser had an affair with his wife and tried to help her take control of family funds, can sue the broker but not the Swiss firm, a New York judge ruled.
Richard Kallman claims UBS failed to supervise Ira Walker as the managing director allegedly schemed with Kallman's wife to move the family's trust fund to the firm and then disburse hundreds and thousands of dollars from it. Kallman has said Walker inserted himself into the couple's divorce, demanding millions of dollars on the wife's behalf.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Colorado motorcyclists at fault for over 500 crashes in 2024, 162 died, according to CSP
Colorado motorcyclists at fault for over 500 crashes in 2024, 162 died, according to CSP

CBS News

time31 minutes ago

  • CBS News

Colorado motorcyclists at fault for over 500 crashes in 2024, 162 died, according to CSP

Colorado State Patrol says there are still too many crashes across the state, and the most common involves the motorcycle community. Troopers say motorcyclists were at fault for 669 crashes last year, a 52% increase compared to 2023. Among these crashes, 162 people lost their lives statewide. Troopers say most of these crashes occur between 2 and 4 p.m. on Saturdays and the most common areas are on Interstates 25 and 70. Speeding continues to be the number one problem, according to CSP. This is followed by motorcyclists not being attentive on the roads, lacking experience, and driving under the influence. A motorcyclist drives down the highway on June 23, 2020 outside of Redstone, Colorado. RJ Sangosti/The Denver Post via Getty Images Lane splitting is another big reason for crashes. This is when a motorcyclist uses the highway lanes to drive between cars, which is illegal and dangerous, CSP says. "By going through those vehicles at highway speeds, you are causing, whether it be small or big, issues," Colorado State Patrol Trooper Gabriel Moltrer said. "A driver may not see you, so by coming close to that vehicle, you may cause them to panic, they could strike you or even somebody else." Troopers say with each ride, always wear your helmet, boots, jackets, and gloves. In case of a crash, these are the only protections you have for your head and body. They could save your life.

Apple Unveils New Liquid Glass Software Interface at WWDC Event
Apple Unveils New Liquid Glass Software Interface at WWDC Event

Bloomberg

time35 minutes ago

  • Bloomberg

Apple Unveils New Liquid Glass Software Interface at WWDC Event

Apple Inc. unveiled a new operating system interface called Liquid Glass at its annual Worldwide Developers Conference, calling it the company's broadest design update ever. For the first time, the same interface will work across the company's products, executive Alan Dye said Monday during a video presentation from Apple's headquarters in Cupertino, California. The company also confirmed plans to open up its AI models to outside app creators.

US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their capture
US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their capture

Associated Press

time35 minutes ago

  • Associated Press

US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their capture

WASHINGTON (AP) — The United States on Monday imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin 'El Chapo' Guzman and announced a reward offer of up to $10 million each for information leading to the arrest or conviction of the men. The U.S. Treasury Department announced sanctions on Archivaldo Ivan Guzman Salazar and Jesus Alfredo Guzman Salazar who are believed to be currently located in Mexico. Guzman's other sons — Joaquin Guzman Lopez and Ovidio Guzman Lopez — are currently incarcerated in the United States. In May, federal prosecutors announced they would not seek the death penalty for Joaquin Guzman Lopez if he's convicted of multiple charges in Chicago. Sanctions were also imposed on a faction of the Sinaloa cartel known as the 'Chapitos,' or little Chapos, which has been identified as a main exporter of fentanyl to the U.S. as well as a regional network of Chapitos associates and businesses based in Mazatlan, Mexico, that allegedly engage in drug trafficking, extortion and money laundering. According to federal prosecutors, El Chapo smuggled mountains of cocaine and other drugs into the United States over 25 years. He was convicted in 2019 on multiple conspiracy counts and sentenced to life in a U.S. prison. 'At the Department of the Treasury, we are executing on President Trump's mandate to completely eliminate drug cartels and take on violent leaders like 'El Chapo's' children,' Treasury Secretary Scott Bessent said in a statement. The Sinaloa Cartel, through various incarnations, is Mexico's oldest criminal group, dating to the 1970s. One of their most lucrative businesses in recent years has been the production of the synthetic opioid fentanyl, blamed for tens of thousands of overdose deaths each year in the U.S. The Trump administration in February labeled the Sinaloa cartel a foreign terrorist organizations.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store