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Former fund manager Ken Leech faces fraud charges for allegedly favoring some clients with better trades, moving $600M.
Former fund manager Ken Leech is accused of improperly allocating better-performing trades to preferred clients, causing others to lose out.
Authorities claim this "cherry-picking" scheme occurred between 2021 and 2023, with Leech allegedly moving $600 million in trades to favored funds.
The SEC has filed a lawsuit, and Leech faces up to 20 years in prison for fraud.
His attorney says he will defend against the charges.
10 Articles
El ex gerente de fondos Ken Leech enfrenta cargos de fraude por supuestamente favorecer a algunos clientes con mejores transacciones, moviendo $600 millones.