Friday, January 6, 2017

U.S. tries a second time to convict MBS trader Jesse Litvak

The U.S. is trying a second time to convict former Jefferies managing director Jesse Litvak. In July 2014, Litvak was sentenced to two years in prison for lying to clients about mortgage-backed securities, but the case quickly turn a turn the opposite direction when an appeals court tossed out his conviction. Here goes round two.

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