Ex-RBS Debt Trader Pleads Guilty in Deepening Bond Probe
This article is for subscribers only.
A former Royal Bank of Scotland Group Plc trader pleaded guilty to a fraud scheme in a new thread of the U.S. government’s probe of the securitized debt market.
Matthew Katke, who agreed to cooperate with prosecutors, pleaded guilty Wednesday to conspiracy to commit securities fraud for participating in a multimillion-dollar scheme to cheat customers who bought and sold bonds, U.S. Attorney Deirdre Daly in Connecticut said in a statement.