{"id":6094,"date":"2017-01-03T21:13:27","date_gmt":"2017-01-04T03:13:27","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1336"},"modified":"2022-03-22T15:06:17","modified_gmt":"2022-03-22T20:06:17","slug":"ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/","title":{"rendered":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case"},"content":{"rendered":"

\t\t\t\tJesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of fraud when he misled customers about the price he paid for residential mortgage-backed bonds.<\/p>\n

The criminal charges against him were originally brought by the US attorney\u2019s office in Connecticut three years ago. Prosecutors accused him of bilking customers of $2M when he inflated the prices of what he\u2019d actually paid for the bonds. Because of purported misstatements, professional investment managers and hedge funds overpaid for the residential-mortgage-backed bonds. Meantime, Litvak allegedly made $100K more for his firm for every transaction than was disclosed to his customers.<\/p>\n

The jury, in 2014, found that Litvak violated securities laws and they found him guilty on 15 criminal counts, including multiple counts of securities fraud. Litvak had pleaded not guilty to all of the charges. He was then sentenced to two years in prison and ordered to pay a $1.75M.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of fraud when he misled customers about the price he paid for residential mortgage-backed bonds. The criminal charges against him were originally brought by the US […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4001,3757],"tags":[2650,2641],"class_list":["post-6094","post","type-post","status-publish","format-standard","hentry","category-mortgage-fraud","category-mortgagebacked-securities","tag-residential-mortgage-backed-securities","tag-rmbs-fraud"],"yoast_head":"\nEx-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case — Investor Lawyers Blog — January 3, 2017<\/title>\n<meta name=\"description\" content=\"Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of — January 3, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case — Investor Lawyers Blog — January 3, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of — January 3, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case — Investor Lawyers Blog — January 3, 2017","description":"Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of — January 3, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/","twitter_card":"summary_large_image","twitter_title":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case — Investor Lawyers Blog — January 3, 2017","twitter_description":"Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of — January 3, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case","datePublished":"2017-01-04T03:13:27+00:00","dateModified":"2022-03-22T20:06:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/"},"wordCount":410,"keywords":["residential mortgage-backed securities","RMBS Fraud"],"articleSection":["Mortgage Fraud","Mortgage-Backed Securities"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/","name":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case — Investor Lawyers Blog — January 3, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-01-04T03:13:27+00:00","dateModified":"2022-03-22T20:06:17+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Jesse Litvak, a former Jefferies Group LLC (JEF) bond trader, is scheduled to go on trial again. It was just two years ago that a jury found him guilty of — January 3, 2017","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-jefferies-group-bond-trader-gets-another-trial-rmbs-fraud-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ex-Jefferies Group Bond Trader Gets Another Trial in RMBS Fraud Case"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1Ai","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=6094"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6094\/revisions"}],"predecessor-version":[{"id":25080,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6094\/revisions\/25080"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=6094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=6094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=6094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}