USA v. Shapiro et al

  1. June 28, 2017

    2 Men Seek Acquittal In Nomura RMBS Fraud Case

    A former trader and his supervisor at Nomura Securities International Inc. on Tuesday renewed their motion for a judgment of acquittal in a residential mortgage-backed securities fraud case after a Connecticut federal jury found the trader guilty of conspiracy and hung on several counts against him and his boss earlier this month.

  2. June 15, 2017

    Jury Delivers Single Conviction In Nomura RMBS Fraud Case

    A Connecticut federal jury Thursday found a former supervisor on Nomura's residential mortgage-backed securities desk guilty of one conspiracy count linked to a secret commission allegedly tacked onto transactions, but rendered not-guilty verdicts on most charges against him and two others and hung on a smattering of counts, according to federal prosecutors.

  3. June 01, 2017

    Nomura MBS Lies Were No Aberration, Jury Hears

    A former Nomura trader fighting securities fraud charges conceded in closing trial arguments Thursday that he and two colleagues made a practice of lying to mortgage-backed securities counterparties, but said the industry-standard behavior was no crime.

  4. May 30, 2017

    Nomura Traders Mount Last-Minute Push For Fraud Acquittal

    Three Nomura Securities International Inc. traders on trial for allegedly conning customers looking to buy and sell mortgage-backed bonds have asked a Connecticut federal judge to clear the traders before the case goes to a jury, saying the evidence could not possibly support conviction.

  5. May 08, 2017

    Nomura Traders Slam Ex-Coworker At RMBS Fraud Trial

    Three traders at Nomura Securities International Inc. charged with fraud for lying to clients about mortgage-backed bond prices launched a preemptive attack on prosecutors' opening witness on the first day of a Connecticut federal trial, saying he'd cop to killing JFK if it reduced his time behind bars. 

  6. May 05, 2017

    Nomura Trader Loses Last-Minute Bid For Separate Trial

    A Connecticut federal judge on Thursday denied a bid by a former Nomura securities trader for his own trial instead of a joint trial alongside co-defendants, giving prosecutors a victory as a jury was getting selected.

  7. May 03, 2017

    Feds Fight Nomura Trader's Last-Minute Bid For Separate Trial

    Federal prosecutors asked a Connecticut federal judge on Tuesday to reject a request by a former mortgage-backed securities trader at Nomura Securities International Inc. to try him separately from two others, saying his argument is "even weaker" than one the court has already rejected.

  8. April 27, 2017

    Nomura Trader Seeks Split From Conspirators In RMBS Case

    One of three traders at Nomura Securities International Inc. accused of juicing profits by lying to customers about mortgage bond prices asked a Connecticut federal court on Thursday for his own separate trial, warning that if he were tried along with his colleagues he could be found guilty by association.

  9. April 25, 2017

    Feds Must Name Co-Conspirators In Nomura RMBS Case

    A Connecticut federal judge told prosecutors on Monday to turn over the names of people who allegedly conspired with three traders at Nomura Securities International Inc. to juice their profits by lying to customers about the prices they paid for residential mortgage-backed securities.

  10. April 13, 2017

    Ex-Nomura MBS Traders Split On Bringing Up Internal Review

    Two former Nomura Securities International Inc. trading executives charged with secretly marking up mortgage-backed securities that the pair sold to customers asked a federal judge on Wednesday to prevent their co-defendant from bringing up an internal review that cleared him, saying it could make them look bad in comparison.