Mortgage bond trader Jesse Litvak convicted of fraud, again

Mortgage bond trader Jesse Litvak convicted of fraud, again

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The former bond trader is scheduled to report to prison on Sept. 12. Litvak was charged four years ago with deceiving large investors seeking to buy up troubled mortgage-backed bonds. He was convicted.

 · The only person convicted of fraud related to a $20 billion government bail-out program, Jesse Litvak may spend almost a decade in prison for lying to his customers about mortgage.

A U.S. appeals court vacated the conviction of former Jefferies group llc trader Jesse Litvak. sales tactics on Wall Street. Mr. Litvak had been convicted of securities fraud related to the sale of.

A U.S. appeals court vacated the conviction of former Jefferies Group trader Jesse Litvak, the latest turn in a case that has spanned more than five years and helped usher in changes to sales.

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. Jesse Litvak, who was jailed for fraudulent bond-trading tactics until an appeals. came to an end after prosecutors said they don't intend to try him yet again.. a former Cantor Fitzgerald LP bond trader accused of similar conduct.. he lied to clients about mortgage-bond prices while negotiating trades.

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 · NEW HAVEN, Conn., March 7 (Reuters) – A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond.

 · The 2nd U.S. Circuit Court of Appeals in New York overturned former Jefferies Group trader Jesse Litvak’s second criminal conviction for defrauding a customer about bond prices, saying jurors had wrongly been allowed to hear irrelevant evidence. Shortly after the court ruling, a federal jury in

The U.S. Attorney’s Office for the District of Connecticut announced that a federal jury has found Jesse Litvak, a former trader with Jefferies & Co. Inc., guilty of one count of securities fraud.

Former Jefferies Group LLC bond trader Jesse Litvak, 39, was convicted last month of securities fraud for lying to clients about what he charged them to trade mortgage bonds. Other banks including New.

 · By Brendan Pierson and Nate Raymond (Reuters) – U.S. prosecutors on thursday suffered dual setbacks in a crackdown targeting deceptive mortgage bond trading practices as a federal appeals court overturned an ex-Jefferies Group trader’s conviction and a jury acquitted a former Cantor Fitzgerald employee.

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