• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Miami Sports Today

Miami Sports News Continuously Updated

  • Dolphins
  • Marlins
  • Heat
  • Panthers
  • Soccer
    • Inter Miami CF
    • Miami FC
  • Colleges
    • Florida Atlantic
    • Florida International University
    • University of Miami

Feds: Broward financial advisor stole millions, used money on extramarital affairs

June 23, 2022 by CBS Miami

MIAMI – A former financial advisor was sentenced in federal court Wednesday to 78 months behind bars for stealing millions of dollars from client accounts and using most of the money to fund extramarital affairs, according to federal officials.

Prosecutors said German Nino, a former UBS Financial Advisor, resident of Broward County, was a financial advisor working at a branch office in Miami, where he oversaw and managed investment accounts for various customers. 

“From about 2014 to 2020, Nino made 62 unauthorized transfers (totaling close to $6 million) from UBS accounts belonging to three clients,” feds said.

Authorities said Nino concealed important facts from the victims, lied to them, and committed other fraudulent acts. 

“Nino misrepresented the true performance, balance, and rate of return of the accounts he managed. He also forged the signature of his clients on documents purporting to authorize transfers out of the accounts, prepared a fraudulent land purchase contract on which he forged a victim’s signature, removed one of the victim’s e-mail addresses from the UBS client account profile so that the victim would not receive email notifications about unauthorized transfers, and prepared fraudulent UBS account statements that falsely inflated the balance and value of the victims’ accounts.”

Court records indicate Nino spent most of the money he stole from the accounts on funding his own extramarital affairs.

Filed Under: Panthers

Primary Sidebar

Recent Posts

  • Here is the best ’25 Draft prospect from each state
  • 7/8: The Daily Report
  • New Mexico flash flooding sweeps entire house away, prompts rescues
  • They knew it could happen: History warned of the Central Texas flood
  • DOJ accuses 2 people of selling gun to Trump’s alleged would-be assassin Ryan Routh

Categories

Archives

Our Partners

All Sports

  • 247 Sports
  • 560 The JOE
  • 790 The Ticket
  • Bleacher Report
  • CBS Miami
  • OurSports Central
  • The Sports Fan Journal
  • The Spun
  • USA Today
  • WSVN Fox 7

Baseball

  • MLB.com
  • Fish Stripes
  • Last Word On Baseball
  • MLB Trade Rumors
  • Marlin Maniac

Basketball

  • NBA.com
  • Allucan Heat
  • Amico Hoops
  • Hoops Hype
  • Hoops Rumors
  • Hot Hot Hoops
  • Last Word On Pro Basketball
  • Real GM
  • Pro Basketball Talk

Football

  • Miami Dolphins
  • Dolphins Gab
  • Dolphins Wire
  • Last Word On Pro Football
  • NFL Trade Rumors
  • Our Turf Football
  • Phin Phanatic
  • Pro Football Focus
  • Pro Football Rumors
  • Pro Football Talk
  • The Phinsider
  • Total Dolphins

Hockey

  • Elite Prospects
  • Last Word On Hockey
  • Litter Box Cats
  • Pro Hockey Rumors
  • Pro Hockey Talk
  • The Hockey Writers
  • The Rat Trick

Soccer

  • Last Word on Soccer
  • MLS Multiplex

College

  • Canes Warning
  • College Football News
  • College Sports Madness
  • Forgotten 5
  • Saturday Blitz
  • State Of The U
  • The Miami Hurricane
  • Zags Blog

Copyright © 2025 · Magazine Pro on Genesis Framework · WordPress · Log in