Leech, Western Asset Management Company

Federal Prosecutors Charge Star Bond Investor Ken Leech With Fraud
Federal prosecutors on Monday charged longtime bond investor Ken Leech with fraud, alleging he cherry-picked a series of trades to favor some clients while shifting losses to others. Leech, the former chief investment officer and star trader at Franklin Templeton subsidiary Western Asset Management,
Star bond fund manager Ken Leech charged with $600M fraud
Federal prosecutors charged Ken Leech, one of the world's best-known bond fund managers, with a $600 million fraud on Monday.Why it matters: Leech, the former co-chief investment officer of Western Asset Management Co.
US charges top bond manager, former Wamco co-CIO Kenneth Leech, with fraud
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was criminally charged on Monday with running a more than $600 million "cherry-picking" scheme in which he fraudulently favored some clients' accounts over others when allocating trades.
Ken Leech formally charged by SEC, US Attorney's Office
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
Former Wamco Exec Charged With $600M 'Cherry-Picking' Fraud
Ken Leech faces charges of investment adviser fraud, securities fraud, commodity trading adviser fraud and commodities fraud, as well as a charge of making false statements, which collectively expose him to a potential 65-year prison sentence.
Investor Ken Leech charged over alleged $600mn ‘cherry-picking’ scheme
Former top investment officer at Franklin Templeton’s Western Asset Management is subject of criminal and civil cases
Renowned WAMCO Bond Fund Manager Ken Leech Charged With $600M Fraud
Federal prosecutors have brought fraud charges against world-renowned bond fund manager Ken Leech, saying he committed fraud by directing more than $600 million in profitable, cherry-picked trades to certain client portfolios while shunting the same amount in losses to others.
US charges top portfolio manager, former Wamco co-CIO Kenneth Leech, with fraud
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was criminally charged on Monday with running a more than $600 million "cherry-picking" scheme where he fraudulently favored some clients' accounts over others when allocating trades.
Ken Leech Charged by Prosecutors Over Scheme to Allocate Trades
Former Western Asset Management Co. co-Chief Investment Officer Ken Leech was charged by US authorities with engaging in an alleged “cherry-picking” scheme to unfairly allocate better-performing trades to favored portfolios and worse-performing trades to others.
Bond trader at Pasadena firm shunted $600 million to favored portfolios, U.S. claims
The Justice Department and US Securities and Exchange Commission accused Leech, 70, of routinely waiting and assigning ...
Think Advisor2d
Leech Shunted $600M to Favored Portfolios: SEC, DOJ
Leech was charged with investment advisor fraud and securities fraud, each of which carries a maximum sentence of 20 years in ...
Leech Shunted $600 Million to Favored Portfolios, US Claims
At first blush, the US case against star bond trader Ken Leech centers on a quirk in procedures: The former co-chief ...
Former Franklin Resources exec Ken Leech sued by the SEC (updated)
SEC sues former Franklin Resources executive for cherry-picking trades, allegedly favoring certain portfolios and personally ...
Morningstar3d
Former Western Asset Bond Manager Ken Leech Hit with Criminal Charges
Western Asset Management Company’s former Chief Investment Officer Ken Leech was charged by the US Department of Justice with fraud and lying to the SEC, which leveled related civil charges ...