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Former Western Asset Management investment chief charged in 'cherry-picking' scheme

( November 25, 2024, 22:57 GMT | Official Statement) -- MLex Summary: Ken Leech, former chief investment officer of Western Asset Management Company, was charged by federal prosecutors in New York with securities fraud, investment adviser fraud, commodity trading adviser fraud, commodities fraud and making false statements. Between 2021 and 2023, Leech defrauded the firm's clients by engaging in a criminal cherry-picking scheme to favor certain clients at the expense of others, prosecutors said....

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