Ex-bond trader’s jury to decide between fraudster, ‘guinea pig’

Ex-bond trader found guilty of fraud: report. The jury spent two days deliberating the case before finding Litvak guilty of 15 criminal counts. The verdict is part of the government’s prosecution of crimes by individuals during and after the financial crisis. The sentence will be determined by a judge and will take place at a later date.

A federal jury will determine whether a former Cantor Fitzgerald LP managing director’s tactics in trading mortgage-backed securities constitute securities fraud. David Demos “lied to his customers.

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 · Scout the guinea pig’s been crunched by the cockapoo Gang who deliberately crashed bus carrying 26 passengers as part of £500,000 ‘cash for crash’ scam found guilty of fraud

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The purpose of the fraud was to help nudge interest rates in a direction that would boost the traders’ profits or limit their losses, Waddington said. He added that Bittar was the most involved.

The Fraud (Trials Without a Jury) Bill 2007 was a proposed Act of Parliament introduced by the United Kingdom government. Its intention was to abolish trials by jury in complex fraud cases in England, Wales and Northern Ireland by amending section 43 of the Criminal Justice Act 2003. The Bill was given its First Reading in the House of Commons on 16 November 2006.

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Deliberations ended Wednesday and the jury will resume its work Thursday morning. Ex-Bond Trader Jury to Pick Between Fraudster, ‘Guinea Pig’ (Updates with jury finishing for the day.) To contact the reporter on this story: Chris Dolmetsch in New York State Supreme Court in Manhattan at cdolmetsch@bloomberg.net.