Ex-Morgan Stanley Exec Fights Kickback Rap In 2nd Circ.

Law360, New York (May 20, 2013, 6:14 PM EDT) -- A former Morgan Stanley & Co. executive asked the Second Circuit on Monday to overturn a conviction on charges he steered stock-loan business to his family in exchange for kickbacks, arguing that some work was performed for the money.

Prosecutors mischaracterized an arrangement in which Darin DeMizio, a former executive director at Morgan Stanley and head of its domestic stock loan desk, had stock-loan providers pay finders’ fees to his brother and father, his lawyer said at oral arguments in Manhattan.

The government told jurors it...
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