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Former star US bond manager Kenneth Leech pleads guilty to obstructing 'cherry-picking' probe
Leech admitted to obstructing an SEC proceeding in a case tied to a more than $600 million cherry-picking scheme, and fraud charges will be dropped.
Summary by Reuters
6 Articles
6 Articles
Ken Leech to Plead Guilty in US ‘Cherry Picking’ Fraud Case
Ken Leech, the former co-chief investment officer at Western Asset Management Co., pleaded guilty to lying to regulators during an investigation into his trading as part of a last-minute deal with prosecutors who dropped the most serious fraud charges against him.
·New York, United States
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Former star US bond manager Kenneth Leech pleads guilty to obstructing 'cherry-picking' probe
Kenneth Leech, a former star bond manager at Western Asset Management Co, pleaded guilty on Friday to obstructing a probe into alleged "cherry-picking," the assigning of profitable trades to favored investors and losing trades to other investors.
·New York, United States
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Coverage Details
Total News Sources6
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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