Ex-State Street Exec Convicted On Fraud Charges

Law360, Boston (June 26, 2018, 2:41 PM EDT) -- A former State Street Corp. executive was convicted Tuesday by a Boston federal jury of stealing millions from clients by sneaking in undisclosed fees on massive transactions.

A Boston federal court jury convicted State Street Corp.'s former global head of asset transitions Tuesday of five counts of wire fraud, securities fraud and conspiracy to commit those crimes. (AP)

The panel found State Street's former global head of asset transitions, Ross McLellan, guilty of five counts of wire fraud, securities fraud and conspiracy to commit those crimes in relation to several huge asset transitions involving overseas clients. The panel did acquit McLellan...

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