Ex-UBS Exec Found Guilty of Hiring Underage Prostitute in Singapore

Facing up to 14 years in prison

Former UBS AG (UBSN) Executive Director Juerg Buergin was convicted of two charges of having paid sex with an underage prostitute in Singapore, with the judge saying that mistaking a minor's age isn't a defense.

Singapore's laws impose a higher standard of care to prevent the sexual exploitation of minors, subordinate court Judge Eddy Tham said today. Buergin, who could be jailed for as long as seven years and fined for each charge, will be sentenced on May 8.