USA v. McLellan et al
Case Number:
1:16-cr-10094
Court:
Nature of Suit:
Judge:
Firms
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January 08, 2021
State Street Fraudster Wins Early Prison Exit Amid Virus Spike
A former State Street Corp. executive convicted of stealing millions of dollars from the bank's clients will be released from prison early due to a coronavirus surge in the facility, a Massachusetts federal judge ruled Friday.
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December 10, 2020
COVID-19 Concerns Won't Spring Jailed State Street Exec
A former State Street Corp. vice president convicted of tacking on unauthorized charges to huge international transactions will not be able to get out of prison five months into his 18-month sentence, as a judge ruled Thursday he does not face a substantial COVID-19 risk.
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May 20, 2020
1st Circ. Affirms Ex-State Street Exec's Fraud Convictions
The First Circuit found Wednesday that a former State Street Corp. executive used domestic, rather than international, wires when he stole millions from clients by sneaking in undisclosed fees on massive transactions and rejected his bid to overturn a wire fraud conviction based on extraterritoriality issues.
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November 14, 2018
Ex-State Street Exec Gets 6 Mos. For Role In Fraud Scheme
Despite a passionate plea to avoid serving time behind bars 5,000 miles away from his home, a former State Street Corp. executive was sentenced to six months in federal prison Wednesday for his role in a scheme to tack on millions of dollars in hidden fees to unsuspecting international clients.
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November 09, 2018
Feds Seek Year In Prison For Ex-State Street Fraudster
A former State Street Corp. executive who admitted to conspiring with his colleagues to secretly charge bank clients millions of dollars in excess fees should serve a below-guidelines sentence of a year and a day in prison, prosecutors said in a Massachusetts federal court filing.
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October 16, 2018
Convicted State Street Exec Gets Lenient 18 Months
A former State Street Corp. executive was sentenced to 18 months in federal prison Tuesday for stealing millions from clients by sneaking in undisclosed fees on massive transactions, a more lenient ruling than the five-year sentence prosecutors had requested.
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October 10, 2018
Feds Seek 5 Years For Convicted State Street Exec
Prosecutors called for a five-year sentence Tuesday for a former vice president of State Street Corp. convicted of overbilling clients by millions, a substantially shorter prison term than federal guidelines suggest but enough to send a message, the government said.
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August 13, 2018
Ex-State Street Exec's Post-Verdict Acquittal Bid Denied
A post-verdict bid for acquittal by a former State Street Corp. vice president convicted of conspiracy and fraud for overbilling clients by millions was denied Monday by the Massachusetts federal judge who oversaw the case, saying he had heard the executive's arguments before.
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July 31, 2018
Praised For Cooperation, Ex-State St. Manager Avoids Jail
A former State Street Corp. manager who copped to aiding a conspiracy to overcharge some of the banks' biggest clients by more than $21 million avoided prison time Tuesday in Massachusetts federal court thanks to his "unprecedented" level of cooperation with the government.
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July 24, 2018
Feds Say Evidence Easily Ties Ex-State Street Exec To Fraud
Federal prosecutors on Tuesday defended the legitimacy of a conspiracy and fraud conviction of a former State Street executive, arguing against the broker-dealer's bid for a judge to overrule a jury's decision and acquit him.