Prosecutors must decide whether to retry Shapiro on one count and Gramins on two. One Nomura Trader Convicted, One Cleared at Bond Fraud Trial. Reverberations from the crackdown will continue to rattle bond traders. The case, coming on the heels of a similar trial in January in New Haven, hit unusually close to home for some.
Mukasey represents former Nomura. trader Michael Gramins, who faced multiple fraud charges for allegedly conspiring to lie to clients about mortgage-bond prices. Gramins was convicted on one count.
A former Nomura Securities (Nomura) trader has been granted a retrial after being convicted of conspiracy a year ago. Michael Gramins, who used to supervise Nomura’s residential backed mortgage securities (RMBS) desk, is supposed to have lied to a counterparty about the pricing of RMBS trades. The.
Mortgage refinance booms are a thing of the past: MBA chief economist Mortgage rates are at the lowest in more than a year, SVP and chief economist at the Mortgage Bankers association. view photos.. A refinancing boom or boomlet remains unlikely because rates had already been low, so much of the potential refinancing had already happened.
The “agent” argument was just one of the grounds on which Litvak appealed his January 2017 conviction on a single charge of securities fraud over what the jury believed to be a fraudulent bond..
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An ex-Banker Admits to Money Laundering in FIFA Case – Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pleaded guilty to money laundering conspiracy in Brooklyn federal court on Thursday, revealing his role in the United.
SAC Capital Advisors LP fund manager Michael Steinberg was indicted by a federal grand jury on five counts of conspiracy and securities fraud as the U.S. government’s wide-ranging probe of insider.
Nomura bond trader fraud trial ends in split U.S. jury verdict. Reuters. Jun. 15, 2017, 2:51 PM The letter F. An image of a chain link. It symobilizes a website link url.
And the judge who will sentence the disgraced corporate chieftains has made clear. was convicted of six counts of conspiracy, securities fraud and wire fraud. In a separate case tried before Lake.
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Rajaratnam has offered to produce relevant wiretaps after the conclusion of his trial. one count each of conspiracy to commit securities fraud and securities fraud. Under sentencing guidelines, she.
FORMER NOMURA RMBS TRADER CONVICTED OF FRAUD CONSPIRACY. 2017, Gramins and two other former New york-based bond traders for Nomura, Ross. not reach a verdict as to one count of securities fraud and one count of wire fraud.