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Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow

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“Holy crap!” That’s how Craig Price, a UBS AG senior vice president , told securities regulators he reacted when he saw the $2,600 tab for a client-development dinner he attended at an upscale Palm Beach , Florida, restaurant. It wasn’t the size of the bill that stunned him. It was who paid for it -- an ailing, 90-year-old UBS client. The client wasn’t even at the dinner, but the broker who managed her trust was. So was the broker’s girlfriend, a longtime confidant of the client who had power of attorney over the trust. The trust paid the bill. Price dug deeper . He says he ultimately discovered bigger charges to the trust: a Bentley in the girlfriend’s name, a trip to Toronto on a private jet and an attempted fund transfer to buy a penthouse apartment in the girlfriend’s name. Nancy Tsai and Dennis Melchior Photographer: Patrick McMullan/PMC Price alerted his superiors, setting off a chain of events that would become tabloid fodder. The broker, Dennis Melchior, was quickly fired fo...

Neighbors, firefighters saved 3 infants trapped in fire, father charged with arson, officials say

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by: Julius Whigham II and Bill DiPaolo, Palm Beach Post Updated: Aug 12, 2017 - 6:25 PM RIVIERA BEACH, Florida - Quick action by neighbors and firefighters -- and a little luck -- saved three infants trapped inside a burning apartment on Friday that police say was set on fire by their father after a domestic dispute with the children’s 19-year-old mother. Using hammers, chairs and whatever they could grab to smash through hurricane windows, neighbors entered a burning second-floor unit at the Stonybrook Apartments. They handed a 3-year-old boy and a 1-year-old boy out the window. >> Read more trending news “They kept pounding and pounding. They were using hammers and chairs, anything they could get their hands on. They wouldn’t stop until they got those kids out,” said Riviera Beach Mayor Thomas Masters . A 1-month-old girl was still inside, residents told firefighters when they arrived about 6 p.m. Firefighters were unable to see through the heavy smoke. A thermo- imaging ...