A Manhattan federal appeals court expressed doubts Wednesday about the prosecution of a bond trader convicted of defrauding the Troubled Asset Relief Program. The panel questioned prosecutors about the fairness of excluding a witness who would have testified about common practices in the industry.
May 15, 2015 at 12:00 AM
1 minute read
A Manhattan federal appeals court expressed doubts Wednesday about the fairness of a prosecution that led to a prison sentence for a man convicted of defrauding a government bailout program.
A three-judge panel of the U.S. Court of Appeals for the Second Circuit had plenty of questions for a prosecutor as it conducted oral arguments in an appeal by Jesse Litvak, a bond trader on the Stamford, Connecticut, trading floor at Jefferies & Co. Inc.
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