2nd Circ. Denies Bail For Former Morgan Stanley Exec

Law360, New York (May 8, 2012, 7:21 PM EDT) -- A former Morgan Stanley & Co. executive will not be freed on bail while he appeals a conviction for steering stock loan business to small companies in exchange for kickbacks, the Second Circuit ruled Tuesday.

A three-judge panel denied a motion from Darin DeMizio — a former executive director at  Morgan Stanley and head of its domestic stock loan desk — for bail while he appeals his honest services fraud conviction.

DeMizio was sentenced to 38 months in prison for allegedly having several stock loan providers...
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