{"id":6106,"date":"2017-01-29T19:18:11","date_gmt":"2017-01-30T01:18:11","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1408"},"modified":"2022-05-19T08:57:13","modified_gmt":"2022-05-19T13:57:13","slug":"securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/","title":{"rendered":"Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case"},"content":{"rendered":"<p><strong>Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud <\/strong><br \/>\nA federal jury has convicted Jesse Litvak of one count of <a href=\"https:\/\/www.securities-fraud-attorneys.com\">securities fraud<\/a>. The ex-Jefferies Group LLC (JEF) bond trader was tried again on allegations that he bilked customers of $2M when he inflated the prices that he claimed he paid for <a href=\"https:\/\/www.investorlawyers.com\/derivative-securities-derivatives-mortgage-backed-securities-mbs.html\">residential mortgage-backed securities<\/a>. As a result of his claims, professional investment managers and hedge funds paid too much for bonds.<\/p>\n<p>Another jury had found Litvak guilty of fraud two years ago. However, in 20015, a federal appellate court dismissed parts of the RMBS fraud case against him. The securities fraud charges were retried before a new jury.<\/p>\n<p>During this trial, prosecutors claimed that Litvak\u2019s customers had totally relied on him for bond pricing information. His legal team, however, argued that his customers were sophisticated investors and did what they wanted regardless of his advice.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/#more-6106\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. The ex-Jefferies Group LLC (JEF) bond trader was tried again on allegations that he bilked customers of $2M when he inflated the prices that he claimed he paid for residential mortgage-backed securities. [&hellip;]<\/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":[3757,4036],"tags":[2636,2727,2650],"class_list":["post-6106","post","type-post","status-publish","format-standard","hentry","category-mortgagebacked-securities","category-royal-bank-of-scotland","tag-jefferies-group","tag-municipal-bond-fraud","tag-residential-mortgage-backed-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; January 29, 2017<\/title>\n<meta name=\"description\" content=\"Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. The &#8212; January 29, 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\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; January 29, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. The &#8212; January 29, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; January 29, 2017","description":"Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. The &#8212; January 29, 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\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/","twitter_card":"summary_large_image","twitter_title":"Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; January 29, 2017","twitter_description":"Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. The &#8212; January 29, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-cases-ex-jefferies-bond-trader-convicted-rbs-puts-aside-3-92b-expected-mortgage-backed-securities-fraud-settlement-judge-wont-overturn-jurys-fin\/","name":"Securities Fraud Cases: Ex-Jefferies Bond Trader is Convicted Again, RBS Puts Aside $3.92B for Expected Mortgage-Backed Securities Fraud Settlement, and Judge Won\u2019t Overturn Jury\u2019s Findings In Miami Municipal Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; January 29, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-01-30T01:18:11+00:00","dateModified":"2022-05-19T13:57:13+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Another Jury Finds Ex-Jefferies Group Trader Guilty of RMBS Fraud A federal jury has convicted Jesse Litvak of one count of securities fraud. 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