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Mortgage bond trader Jesse Litvak convicted of fraud, again

 · On May 3, the Second Circuit vacated on evidentiary grounds Jesse Litvak’s conviction – after a second trial – on a single count of securities fraud related to trades of residential mortgage backed securities (“RMBS”) and remanded the case to the United States District Court for the Distri.

A former bond trader for Jefferies, Jesse Litvak, was sentenced on Wednesday to two years in prison for securities fraud – the same amount of prison time he received at his first sentencing in.

Jesse Litvak was ecstatic. It was March 31, 2010, and the mortgage bond trader at Jefferies & Co. had just persuaded Michael Canter, head of securitized assets at from giant asset manager Alliance Bernstein, to bite on the purchase of millions of dollars in mortgage bonds.

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(Bloomberg) — Former Jefferies & Co. managing director jesse Litvak was convicted for a second time. A former Cantor Fitzgerald & Co. mortgage-bond trader, David Demos, was indicted last month on.

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On May 3, 2018, a three-judge panel on the Second Circuit Court of Appeals ("Second Circuit") vacated former bond trader jesse litvak’s conviction on one count of securities fraud, holding.

LITVAK has been released on bond since his arrest on January 28, 2013. On March 7, 2014, LITVAK was convicted after trial of 10 counts of securities fraud, one count of TARP fraud and three counts of making false statements to the government.

Litvak’s January 2013 arrest was part of a larger government crackdown on sales practices in mortgage-backed securities which also led to the indictment of seven other traders. Litvak was the first bond trader charged in connection with the TARP program. Litvak however successfully had the sentence overturned on appeal.

Ex Jefferies trader Litvak guilty on one of 10 fraud counts Jesse Litvak’s Prison Life as Inmate No. 21467-014 Starts – Ex-Jefferies Trader Gets 2 Years for Lying on Prices, Again litvak. securities fraud. Meanwhile, more cases are winding through courts. Michael Gramins, one of three Nomura Holdings Inc. bond.

The tale of Jesse Litvak may finally be moving toward an ending, as a federal jury on Friday found the former jefferies managing director and mortgage-backed securities trader guilty on one count of fraud. It’s a significant difference from Litvak’s previous conviction, when a jury found him guilty on 15 counts of

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