July 30, 2018
Federal prosecutors moved to dismiss the sole remaining charge against former Jefferies Group bond trader Jesse Litvak on Monday, ending a five-year criminal case in which Litvak was convicted twice and saw convictions from both trials overturned.
April 26, 2017
Former Jefferies Group LLC residential mortgage-backed securities trader Jesse Litvak was sentenced Wednesday in Connecticut federal court to two years in prison, the same time he got in 2014 before an appeal and a retrial saw all but one of his convictions thrown out.
April 18, 2017
Jesse Litvak, a former Jefferies & Co. residential mortgage-backed securities trader found by a jury to have lied about bond prices to his customers, had his bid to overturn the verdict rejected Monday by a Connecticut federal judge who said there had been enough evidence to convict him.
April 17, 2017
Former Jefferies & Co. bond trader Jesse Litvak called two years' imprisonment a "victory" and boasted to a buddy that he'd "crush that sht," federal prosecutors said Saturday in their request in Connecticut federal court that the fraud financier face a tougher sentence even though most of his convictions were struck down.
April 11, 2017
Former Jefferies & Co. mortgage-backed securities trader Jesse Litvak asked a federal judge on Monday to spare him prison after he was cleared of all but one of the fraud charges against him, saying the government's request that he face at least nine years behind bars is excessive and unfair.
March 13, 2017
Prosecutors pushed a Connecticut federal court on Friday to uphold the one-count securities fraud conviction of a former Jefferies trader, saying a portfolio manager's misunderstanding of the trader's legal relationship with him doesn't defeat the jury's verdict.
February 10, 2017
Former Jefferies & Co. trader Jesse Litvak urged a Connecticut federal judge on Friday to acquit him on the one count of securities fraud for which he was convicted by a jury last month, arguing the government's win was rooted to a "flimsy reed" of evidence.
January 27, 2017
A Connecticut federal jury convicted former Jefferies & Co. trader Jesse Litvak on just one of 10 counts of securities fraud on Friday, largely rejecting the government's argument that Litvak broke the law by hiding his profit margins from buyers of distressed bonds after the financial crisis.
January 17, 2017
Deliberations have halted in the retrial of former Jefferies & Co. trader Jesse Litvak after an alternate juror died over the weekend and another was involved in a serious car accident, a spokesman for the Connecticut federal prosecutor's office confirmed Monday.
January 06, 2017
An ex-Jefferies & Co. trader on trial for securities fraud a second time can't keep former customers from testifying they considered it "important" to know the trader hid the true prices of mortgage-backed bonds, a Connecticut federal judge ruled Friday.