Ex-State Street Exec Faces New Charge Of Bilking Insurer

Law360 (February 7, 2018, 8:53 PM EST) -- Prosecutors on Wednesday added to a charge in a case against a former executive at State Street Corp., saying he duped a U.S. insurer into paying a hidden commission on fixed income trades just as he had overseas clients.

Ross McLellan, a former executive vice president at State Street, was charged in 2016 with defrauding clients overseas by adding hidden commission when moving or liquidating large portfolios, a service known as transition management. Two U.K.-based State Street employees were later charged and pled guilty.

Prosecutors claim...
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Case Information

Case Title

USA v. McLellan et al


Case Number

1:16-cr-10094

Court

Massachusetts

Nature of Suit

Date Filed

March 31, 2016

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