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Former Jefferies Group trader sentenced to two years for fraud

Posted by: Admin | Posted on: April 26th, 2017 | 0 Comments

NEW HAVEN, Conn. A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to two years in prison and to pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond prices.

A jury in January found Jesse Litvak guilty of one of 10 criminal charges he had faced, a muted victory as prosecutors try to crack down on abusive sales practices on Wall Street.

(Reporting by Andy Thibault; Writing by Scott Malone; Editing by Tom Brown)

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