Former JPMorgan Chase & Co. banker Alexander Wright pleaded guilty to conspiring with a former UBS AG broker in 2002 to rig bids on a bond deal involving a New Jersey hospital.

Wright, 45, pleaded guilty to a single count of conspiring to commit wire fraud in a hearing before U.S. Magistrate Judge Frank Maas in federal court in Manhattan today. Rebecca Meiklejohn, a lawyer with the Justice Department's Antitrust Division, told Maas that Wright will testify in the criminal trial of three former UBS bankers, including Gary Heinz, whom Wright identified as his partner in the conspiracy.

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