Ex-Trader Litvak Ordered to Federal Prison During His Appeal
- Former Jefferies trader scheduled to report to prison Sept. 12
- Appeals court in New York also ordered an expedited appeal
Jesse Litvak exits federal court in New Haven, Connecticut, on Feb. 18, 2014.
Photographer: Douglas Healey/BloombergThis article is for subscribers only.
Jesse Litvak’s luck has finally run out.
A federal appeals court on Tuesday ordered the former Jefferies LLC trader to report to prison on Sept. 12 to begin serving a two-year sentence for lying to customers about mortgage bond prices. He is appealing his January conviction and had asked the Manhattan-based court to allow him to remain free until the case is resolved.