Law360, New York (April 26, 2017, 5:54 PM EDT) — Former Jefferies group llc residential mortgage-backed securities trader Jesse Litvak. out. Litvak is convicted of lying to a portfolio manager at.
Michael Gramins was convicted of conspiracy and cleared of six fraud counts, while the jury was hung on two other charges. Tyler Peters was acquitted of all nine charges. jurors cleared a third trader, Ross Shapiro, of eight counts of fraud, but deadlocked on one conspiracy count.
The tale of Jesse Litvak may finally be moving toward an ending, as a federal jury on Friday found the former Jefferies managing director and mortgage-backed securities trader guilty on one count of.
Jesse Litvak was a bond trader at the brokerage firm jefferies llc ("Jefferies"), who traded residential mortgage-backed securities ("RMBS"). In the first, and best known, of a series of similar cases brought by the government, Mr. Litvak was criminally charged for misleading customers about the prices Jefferies paid for bonds and the profits earned by the firm in its trading.
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A former Stamford-based managing director of Jefferies Group has lost a bid to overturn his conviction for defrauding investors in mortgage bond trades after the financial crisis. In a decision.
· Jesse Litvak, 42, was "motivated by greed,". Ex-Jefferies trader’s U.S. fraud trial nears end. Reuters.. Litvak was convicted of securities fraud.
· 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.
Ex-Jefferies bond trader convicted at retrial on a single fraud count. A former bond trader for Jefferies, Jesse Litvak, was convicted on one of 10 fraud counts against him, during a fresh trial after an appeals court overturned his earlier conviction. Mr Litvak – the first individual charged in connection with the troubled asset relief Program,
A former bond trader for Jefferies, Jesse Litvak, was sentenced on Wednesday to two years in prison for securities fraud – the same amount of prison time he received at his first sentencing in.
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Mortgage bond trader Jesse Litvak convicted of fraud, again Mortgage bond trader Jesse Litvak sentenced to two years for fraud.again Jefferies trader Litvak may win reversal of rare fraud conviction Ben Lane is the Editor for HousingWire.