USA v. Shapiro et al
Case Number:
3:15-cr-00155
Court:
Nature of Suit:
Judge:
Firms
-
March 23, 2023
Conn. Conspiracy Case Against Ex-Nomura Trader Dismissed
A Connecticut federal judge dismissed the final criminal charge against former Nomura Securities International Inc. trader Ross Shapiro on Thursday, agreeing with prosecutors that he had satisfied the terms of a diversion program ahead of a retrial over his alleged participation in a $7 million fraud.
-
April 21, 2021
Ex-Nomura Trader Tells 2nd Circ. He Had No Intent To Harm
The conviction of ex-Nomura trader Michael Gramins on a count of scheming to trick bond buyers on pricing should be reversed, his counsel told the Second Circuit Tuesday, arguing there was no proof that he intended to break the law.
-
December 17, 2020
Ex-Nomura Trader Avoids Jail Time In RMBS Fraud Case
Former Nomura Securities International Inc. bond trader Michael Gramins was sentenced Thursday to six months' home confinement with an electronic monitor, avoiding the prison term Connecticut federal prosecutors had requested for his fraud conspiracy conviction involving residential mortgage-backed securities.
-
December 14, 2020
Ex-Nomura Trader Deserves 'Substantial' Jail Time, Feds Say
Prosecutors told a Connecticut federal court on Monday that a former Nomura Securities International Inc. bond trader should spend "substantial" time behind bars for adding secret profit margins to residential mortgage-backed bond transactions.
-
April 29, 2020
Judge Mulls Fairness Of Nomura Bond Traders' Prosecutions
A Connecticut federal judge considered whether two former Nomura Securities traders were on notice that they were committing a crime when they concealed their profit margins while dealing in mortgage-backed bonds, saying the "absence of precedent" for the cases raises "serious concerns."
-
July 30, 2018
Judge Urged To Keep Case Against Ex-Nomura Traders Alive
Federal prosecutors urged a Connecticut federal judge to stick with his decision not to toss their residential mortgage-backed securities fraud case against two former traders at Nomura Securities International Inc. after the judge mused that he might be convinced to reverse himself.
-
June 07, 2018
Ex-Nomura RMBS Trader Looks To Split Suit Amid New Trial
A former managing director on Nomura's residential mortgage-backed securities desk asked Wednesday to separate the government's case against him and another trader, telling a Connecticut federal judge that trader's new trial is likely to put off a timely resolution in his own case.
-
June 05, 2018
Ex-Nomura RMBS Trader Scores New Trial After Litvak Ruling
A Connecticut federal judge on Tuesday granted a new trial to a former Nomura Securities International Inc. residential mortgage-backed securities trader accused of padding transactions with secret commissions, citing the Second Circuit's Litvak ruling.
-
May 21, 2018
Litvak Is No Rescue For Ex-Nomura RMBS Trader, Feds Say
Prosecutors on Friday ripped a renewed bid in Connecticut federal court for a new trial from a former Nomura Securities International Inc. residential mortgage-backed securities trader found guilty of conspiracy, saying the Second Circuit's recent reversal of ex-Jefferies Group trader Jesse Litvak's conviction has no bearing on this case.
-
October 23, 2017
Feds Hit Back At Acquittal Bids In Nomura RMBS Fraud Case
The government pushed back Friday on acquittal bids entered by two former Nomura traders accused of conning customers looking to buy and sell residential mortgage-backed securities, telling a Connecticut federal court that the men misread conspiracy law to argue prosecutors failed to carry their burden of proof at trial.