2nd Circ. Flips Ex-Jefferies Trader's RMBS Fraud Conviction
By Jody Godoy ( May 3, 2018, 10:07 AM EDT) -- The Second Circuit once again reversed the conviction of former Jefferies Group trader Jesse Litvak on Thursday, deciding that a Connecticut federal judge had erred in allowing a residential mortgage-backed securities buyer to testify about his mistaken belief that Litvak was working as his agent when Litvak lied to him during a transaction....
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