Ex-bond trader just wants to stay home

Prison Break 2016

Former Jefferies managing director Jesse Litvak says he should be spared prison when he is sentenced later this month following his conviction of a single count of fraud - a crime the government says is worth jail time.

Bloomberg News reports that federal jury in Connecticut found Litvak guilty in January of defrauding customers on trades of mortgage-backed securities, but on only one of 10 criminal counts. The circumstances surrounding sentencing have changed "dramatically," his lawyers said in court filings Monday, seeking a term of eight months of home confinement and a $250,000 fine.

Prosecutors, on the other hand, seemed “poised” to ask for a sentence of at least nine to 11 years in prison - the same term they sought after Litvak’s conviction at his first trial, which was reversed on appeal, defense lawyers said. Sentencing is scheduled for April 26 in New Haven.

Hit the link below to access the complete Bloomberg News article:

Ex-Bond Trader Wants Home Stay as U.S. Said to Urge Prison

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