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USA v. McLellan et al

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Case overview

Case Number:

1:16-cr-10094

Court:

Massachusetts

Nature of Suit:

Judge:

Leo T. Sorokin

Firms

  1. July 06, 2018

    Convicted State Street Exec Warned Against Tweeting Jurors

    A former State Street Corp. executive was called out Friday for his looming presence on a social media account of one of the jurors who recently convicted him of hiding fees in multibillion-dollar securities transactions, with a Massachusetts federal judge issuing a verbal warning against any further interaction with the panel.

  2. June 26, 2018

    Ex-State Street Exec Convicted On Fraud Charges

    A former State Street Corp. executive was convicted Tuesday by a Boston federal jury of stealing millions from clients by sneaking in undisclosed fees on massive transactions.

  3. June 25, 2018

    Ex-State Street Exec's Fraud Trial In Mass. Jury's Hands

    The fate of a former State Street Corp. executive charged with stealing millions from clients by sneaking in undisclosed fees on massive transactions is in the hands of a Boston federal jury after closing arguments in the nearly monthlong trial Monday morning.

  4. June 21, 2018

    Ex-State Street Exec Keeps Mum As Fraud Trial Nears End

    A former executive at State Street Corp. decided Thursday against taking the stand in his Boston fraud trial, resting his defense against charges that he directed colleagues to slip hidden fees into multibillion-dollar trades for overseas clients and setting up a final courtroom showdown next week.

  5. June 20, 2018

    Ex-State Street Exec Seeks Fraud Acquittal Midtrial

    A former State Street Corp. executive on trial for allegedly hiding millions of dollars in fees from some of the firm's biggest clients asked a federal judge in Boston on Tuesday for an acquittal before the case goes to the jury, arguing that the government has not been able to prove its case.

  6. June 18, 2018

    Former State Street Exec Mulls Testifying In His Fraud Trial

    A former head of global asset transitions at State Street's Boston headquarters will decide, potentially with less than 24 hours' notice, whether to take the stand this week to rebut charges that he hid millions of dollars in fees from some of the bank's biggest clients, his attorney said in federal court Monday.

  7. June 13, 2018

    Hidden-Fee Scheme Cost UK Pension Plan $3M, Jury Hears

    A hidden-fee scheme federal prosecutors say was orchestrated by a former State Street Corp. executive cost the United Kingdom's Royal Mail Pension plan 10 times more than it had expected to pay for a massive transaction, a Massachusetts jury heard Wednesday morning.

  8. June 08, 2018

    Ex-State Street Exec OK'd Hidden Fees, Key Witness Says

    A former director at State Street Corp. who admitted that he conspired to overcharge clients in 2010 and 2011 testified Friday that his boss approved the method that hid millions of dollars in commissions and knew about "nonsense" contracts intended to dupe some of the bank's biggest clients.

  9. June 07, 2018

    Ex-State Street Exec Didn't Handle Duped Clients, Jury Told

    A former manager at State Street Corp. who has admitted to charging clients hidden fees testified against his former supervisor's boss on Thursday, but said under cross-examination that the executive charged with orchestrating an overbilling scheme in 2010 and 2011 never participated in setting it up.

  10. June 05, 2018

    Former Boston Exec Devised State Street Fraud, Jury Hears

    Federal prosecutors pinned a post-recession hidden fee scandal at State Street Corp. on an executive at the bank's Boston headquarters, telling jurors on Tuesday that it was his idea to add pennies to the individual trades within multibillion-dollar transactions to conceal massive, illegal commissions in 2010 and 2011.

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