Ex-Jefferies Trader Gets 2 Years for Lying on Prices, Again
- Jesse Litvak was convicted for his mortgage-securities tactics
- Judge rejects claim that methods didn’t lead to any real harm
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Jesse Litvak sought any edge he could find on Wall Street.
The former Jefferies LLC managing director was an aggressive negotiator when trading mortgage-backed bonds, bending the truth or even falsifying chat transcripts in order to maximize his earnings.