Bond Fraud Trial Sees Mixed Results for Nomura Holdings Inc. Traders. Home Blog Bond Fraud Trial Sees Mixed Results for Nomura Holdings Inc. Traders.. Peters was cleared of all charges, Gramins was convicted on conspiracy to commit fraud but cleared of directly committing fraud, while.
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Litvak, Demos Deliver Blows to U.S. Bond. convicted of conspiracy last year. Another ex-Nomura trader, Ross Shapiro, was found not guilty of eight fraud counts while the jury deadlocked on a single.
Prosecutors must decide whether to retry Shapiro on one count and Gramins on two. One Nomura Trader Convicted, One Cleared at Bond Fraud Trial. Reverberations from the crackdown will continue to rattle bond traders. The case, coming on the heels of a similar trial in January in New Haven, hit unusually close to home for some.
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The double-barreled outcomes, coming within two hours of one another, likely brought an end to the government’s five-year crackdown on trader behavior in the bond market. He was convicted twice:.
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Ex-Nomura trader found guilty, another cleared – hitc.com – Hit the link below to access the complete Bloomberg News article: One Nomura Trader Convicted, One Cleared at Bond Fraud Trial. BofA Says billion expense target Is Just the Beginning
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