Private Banker Moved Funds Undetected

June 30th, 2009

New York Times

He grew up in elite circles in Buenos Aires, acquiring the polish and privileged connections that paved the way for him to become a star private banker in New York to wealthy clients at UBS and JPMorgan Chase.

But as Hernán E. Arbizu tended the fortunes of his gilded South American clients, he says he also illegally took millions of dollars from them for years while at both banks, without being detected, The New York Times’s Lynnley Browning and Diana B. Henriques write.

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