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Source: Bloomberg Markets

Former Western Asset CIO Ken Leech to Plead Guilty in US 'Cherry Picking' Fraud Case

Ken Leech, formerly the co-chief investment officer at Western Asset Management Co., is scheduled to plead guilty in a U.S. 'cherry picking' fraud case. The allegations stem from claims that he fraudulently allocated profitable trades to preferred clients while allegedly forcing other clients to bear losses. This development occurs just days before Leech was slated to appear for a federal criminal trial.

By Fainaron·Jun 12, 2026 (12 hours ago)·1 views
Former Western Asset CIO Ken Leech to Plead Guilty in US 'Cherry Picking' Fraud Case

Ken Leech, the former co-chief investment officer at Western Asset Management Co., is set to plead guilty in a U.S. 'cherry picking' fraud case. This decision comes days before he was scheduled to face a federal criminal trial.

The case centers on allegations that Leech fraudulently assigned winning trades to favored clients. Concurrently, it is alleged that he compelled other clients to absorb losses.

According to Bloomberg Markets, Leech's upcoming plea will resolve the impending criminal trial.

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#ken leech#western asset management#fraud#cherry picking#guilty plea#investment
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Bloomberg Markets. Read the original at Bloomberg Markets →

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