Finance Pro Admits To Bilking Banks On Securities Prices

Law360, New York (August 21, 2013, 5:07 PM EDT) -- A former stock sales professional for a London broker-dealer admitted in New York federal court Tuesday to a criminal securities and wire fraud conspiracy after hatching a scheme to misrepresent transaction prices to bank clients and keep the difference.

Marek Leszczynski, 44, of Miami faces sentencing before U.S. District Judge John F. Keenan on Dec. 19, and has agreed to pay $1.5 million in forfeiture, according to court filings. He is the third person to plead guilty in the scheme and faces a maximum, five-year sentence....
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