Panel’s Ruling Vacating Bond Trader’s Securities Fraud Conviction Stands
Mealey's (July 11, 2018, 1:43 PM EDT) -- NEW YORK — Without providing explanation, a Second Circuit U.S. Court of Appeals panel on July 9 denied the U.S. government’s petition for rehearing in an appeal of a bond trader’s conviction on charges that he engaged in a securities fraud scheme to defraud investors in the residential mortgage-backed securities (RMBS) market (United States v. Jesse C. Litvak, No. 17-1464-cr, 2nd Cir.).
(Order available. Document #57-180716-065R.)
The government filed the petition after the panel on May 3 vacated the conviction of Jeffries & Co. bond trader...