Nomura bond trader fraud trial ends in split U.S. jury verdict. by Anti-Corruption Digest | Jun. of New York, guilty on one count of conspiring to commit securities fraud and wire fraud. It found him not guilty on six additional counts, and deadlocked on two fraud counts.. Two US Army.
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.
Nomura Traders Slam Ex-Coworker At RMBS Fraud Trial – Law360 – Nomura Traders Slam Ex-Coworker At RMBS Fraud Trial. By Jack Newsham.. also savaged former Nomura trader Frank Dinucci shortly before he took the. "No one in this case was selling coal and.
The former trader. one of three Nomura Holdings Inc. bond traders charged by prosecutors with similar behavior, was convicted of one count of conspiracy to commit securities fraud after a.
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Nomura bond trader fraud trial ends in split U.S. jury verdict.. guilty on one count of conspiring to commit securities fraud and wire fraud. It found him not guilty on six additional counts.
(Bloomberg) — A former Nomura Holdings Inc. 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 highlight.
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UPDATE 1-Nomura bond trader fraud trial ends in split U.S. – UPDATE 1-Nomura bond trader fraud trial ends in split U.S. jury verdict. 3 Min Read. 33, of New York, guilty on one count of conspiring to commit securities fraud and wire fraud. It found him.
A former bond trader for Jefferies, Jesse Litvak, was convicted on one of 10 fraud counts against him, during a fresh trial after an appeals court overturned his earlier conviction.
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.
Michael Gramins was convicted of conspiracy and cleared of six fraud counts, while the jury was hung on two other charges. Tyler Peters was acquitted on all nine charges. Jurors cleared a third trader, Ross Shapiro, of eight counts of fraud, but deadlocked on one. Prosecutors must decide whether to retry Shapiro on one count and Gramins on two.
Mortgage originations plunge, but subprime activity sees minimal decline Mortgage originations plunge but subprime activity sees minimal decline mortgage activity plunged before the start of the year, but subprime originations dropped the least, according to TransUnion. Despite dwindling volume, borrower delinquency rates hit historic lows in the first quarter.