Ramiro Sugranes and Lina Maria Garcia, the heads of Miami firm UCB Financial Advisers, have reached an agreement with the US regulator to settle charges they ran an alleged ‘cherry-picking’ scheme, which defrauded their clients of millions.
Lina Maria Garcia, president and chief compliance officer of UCB Financial Advisers, has been charged for her alleged role in a fraud that funneled millions of dollars to her romantic partner’s parents.