Ex-Jefferies MD Charged With MBS Fraud

28 Jan 2013

The U.S. Securities and Exchange Commission has charged Jesse Litvak, a former managing director on Jefferies mortgage-backed securities desk, with defrauding investors.

The U.S. Securities and Exchange Commission has charged Jesse Litvak, a former managing director on Jefferies mortgage-backed securities desk, with defrauding investors. In a complaint filed in federal court in Connecticut, the SEC alleges that between 2009 and 2011 Litvak generated more than $2.7 million in revenue through ...

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