{"id":6141,"date":"2017-04-28T17:56:28","date_gmt":"2017-04-28T22:56:28","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1544"},"modified":"2022-03-22T15:06:20","modified_gmt":"2022-03-22T20:06:20","slug":"securities-crimes-trader-jesse-litvak-sentenced-prison-mbs-fraud-north-carolina-bilked-nfl-players-will-serve-prison-time-ex-stockbroker-gets-jail-time-must-pay","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-crimes-trader-jesse-litvak-sentenced-prison-mbs-fraud-north-carolina-bilked-nfl-players-will-serve-prison-time-ex-stockbroker-gets-jail-time-must-pay\/","title":{"rendered":"Securities Crimes: Trader Jesse Litvak is Sentenced to Prison for MBS Fraud\u2014Again, North Carolina Who Bilked NFL Players Will Serve Prison Time, and Ex-Stockbroker Gets Jail Time and Must Pay $3.5M to Investors"},"content":{"rendered":"<p>\t\t\t\t<strong>Ex-Jefferies Trader Will Go to Prison for Mortgage-Backed Securities Fraud After All<\/strong><br \/>\nJesse Litvak, the ex-<a href=\"https:\/\/www.investorlawyers.com\/jefferies-company-background-information\">Jefferies (JEF)<\/a> managing director, has once again been sentenced to two years in prison. Litvak was found guilty of mortgage-backed securities fraud in 2014 and sentenced to two years behind bars. The conviction at the time was for multiple <a href=\"https:\/\/www.securities-fraud-attorneys.com\">securities fraud<\/a> charges and for making false statements, as well as for defrauding TARP.<\/p>\n<p>Claiming that expert witnesses hadn&#8217;t been able to testify for him, Litvak was able to get that sentence tossed. However, the US government continued to go after him and he was found guilty on one fraud count. Now, he has again been sentenced to two years in prions. <\/p>\n<p>Litvak also must pay $2M because he lied about bond prices to a customer. (The earlier conviction had come with a $1.75M fine.) According to U.S. District Judge Janet C. Hall, Litvak\u2019s victims only invested because he lied to them.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-crimes-trader-jesse-litvak-sentenced-prison-mbs-fraud-north-carolina-bilked-nfl-players-will-serve-prison-time-ex-stockbroker-gets-jail-time-must-pay\/#more-6141\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Jefferies Trader Will Go to Prison for Mortgage-Backed Securities Fraud After All Jesse Litvak, the ex-Jefferies (JEF) managing director, has once again been sentenced to two years in prison. Litvak was found guilty of mortgage-backed securities fraud in 2014 and sentenced to two years behind bars. The conviction at the time was for multiple 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":[3783,3757,3741],"tags":[2798],"class_list":["post-6141","post","type-post","status-publish","format-standard","hentry","category-broker-misconduct","category-mortgagebacked-securities","category-securities-fraud","tag-jefferies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities Crimes: Trader Jesse Litvak is Sentenced to Prison for MBS Fraud\u2014Again, North Carolina Who Bilked NFL Players Will Serve Prison Time, and Ex-Stockbroker Gets Jail Time and Must Pay $3.5M to Investors &#8212; Investor Lawyers Blog &#8212; April 28, 2017<\/title>\n<meta name=\"description\" content=\"Ex-Jefferies Trader Will Go to Prison for Mortgage-Backed Securities Fraud After All Jesse Litvak, the ex-Jefferies (JEF) managing director, has once &#8212; April 28, 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-crimes-trader-jesse-litvak-sentenced-prison-mbs-fraud-north-carolina-bilked-nfl-players-will-serve-prison-time-ex-stockbroker-gets-jail-time-must-pay\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Crimes: Trader Jesse Litvak is Sentenced to Prison for MBS Fraud\u2014Again, North Carolina Who Bilked NFL Players Will Serve Prison Time, and Ex-Stockbroker Gets Jail Time and Must Pay $3.5M to Investors &#8212; Investor Lawyers Blog &#8212; April 28, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Ex-Jefferies Trader Will Go to Prison for Mortgage-Backed Securities Fraud After All Jesse Litvak, the ex-Jefferies (JEF) managing director, has once &#8212; April 28, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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