US charges top bond manager, former Wamco co-CIO Kenneth Leech, with fraud

US charges top bond manager, former Wamco co-CIO Kenneth Leech, with fraud

Former Western Asset Management Co executive Kenneth Leech faces criminal charges for a $600 million fraudulent scheme, favoring certain clients. Leech plans to vigorously defend against the charges, which also include SEC civil charges. The alleged scheme involved trades allocation manipulation, leading to significant client losses.

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