Skip to content
Subscriber Only

Ex-Jefferies Trader Litvak Arrested for Securities Fraud

A former Jefferies & Co. managing director was arrested and accused of defrauding customers of more than $2 million on trades of residential mortgage-backed securities, prosecutors said.

Jesse C. Litvak, 38, of New York, was arrested today at his home and charged with 16 counts including securities fraud, fraud connected with the Troubled Asset Relief Program and making false statements to the federal government, Connecticut U.S. Attorney David Fein said in a statement.