January 05, 2017
Federal prosecutors embarked on a second attempt to convict Jesse Litvak on securities fraud charges on Thursday, telling a Connecticut jury the former Jefferies & Co. trader lied to customers about markups on mortgage-backed bonds he sold after the financial crisis.
January 04, 2017
A former Jefferies & Co. bond trader will step back into the New Haven, Connecticut, courtroom where he was convicted in 2014 of a $2.26 million trading fraud Thursday morning, starting a fresh trial in a case that could determine the level of criminal blame traders bear for misstatements.
January 02, 2017
The coming months will provide a glut of trials and enforcement cases to watch as federal prosecutors attempt to broaden foreign bribery liability, navigate a new public corruption landscape, shield corporate monitorships and convince juries that some bond sales practices are crimes.
November 28, 2016
The U.S. government on Monday fought to keep a pair of proposed witnesses it says can rebut certain testimony a former Jefferies Group trader could offer during his upcoming securities fraud trial, telling a Connecticut federal judge their purpose is being misconstrued in an effort to exclude them.
November 21, 2016
A former Jefferies Group trader currently on trial for securities fraud asked a Connecticut federal judge on Friday to preclude government testimony from two others who have pled guilty on similar but separate charges, saying they have nothing to do with the trades in the case.
March 24, 2016
Former Jefferies Group trader Jesse Litvak can recoup a $1.75 million fine after the Second Circuit reversed his trial conviction for allegedly defrauding a U.S. government program designed to aid mortgage bond investors after the financial crisis, according to a Wednesday court filing.
February 18, 2015
The Second Circuit should uphold the criminal conviction of former Jefferies Group LLC trader Jesse Litvak and find that the government proved its claims that he deceived clients and defrauded taxpayers in a scheme to enrich himself, federal prosecutors said Tuesday in a court filing.
July 23, 2014
Jesse Litvak, a former Jefferies Group LLC trader convicted of defrauding a U.S. government program designed to aid mortgage-backed securities investors following the financial crisis, was sentenced on Wednesday to two years in prison.