U.S. Prosecutors Dealt Dual Setbacks in Mortgage Bond Fraud Crackdown
Reuters, May 3, 2018–Brendan Pierson, Nate Raymond
U.S. prosecutors on Thursday suffered dual setbacks in a crackdown targeting deceptive mortgage bond trading practices as a federal appeals court overturned an ex-Jefferies Group trader’s conviction and a jury acquitted a former Cantor Fitzgerald employee.
