One Nomura trader convicted, one cleared at bond fraud trial

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.

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The trial was one of a succession of Wall Street fraud prosecutions and part of crackdown by the government on allegedly dishonest trading.. of former Jefferies Group bond trader Jesse Litvak.

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Nomura bond trader fraud trial ends in split U.S. jury verdict. jonathan stempel.. 33, of New York, guilty on one count of conspiring to commit securities fraud and wire fraud. It found him not.

One Nomura trader convicted, one cleared at bond fraud trial A former Nomura Holdings trader was found guilty of conspiring to lie to clients about mortgage-bond prices, while another was cleared of all charges in a verdict that highlights the challenge of policing fraud in the market.

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UPDATE 1-Nomura bond trader fraud trial ends in split U.S. jury verdict. Reuters. Jun. 15, 2017, 4:48 PM. 33, of New York, guilty on one count of conspiring to commit securities fraud and wire.

A U.S. judge on Tuesday threw out the conspiracy conviction of a former Nomura Holdings Inc <8604.T> trader accused of lying to customers about mortgage bond prices, a setback for prosecutors in.

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.

Bond trader Jesse Litvak's ordeal ends as fraud case dropped. would not be served by a third trial," Durham wrote in a brief filing.. Nomura Holdings Inc. trader Michael Gramins, who was convicted of conspiracy last year.. on a single count of conspiracy, and a third trader was cleared of all charges.

A former Nomura Holdings Inc. trader accused of similar conduct, Michael Gramins, was convicted in June of conspiracy and cleared of six fraud counts following a trial in Hartford, while one of.