Former Wamco Star Bond Manager Kenneth Leech Pleads Guilty to Obstructing SEC Cherry-Picking Investigation
, , , ,

Former Wamco Star Bond Manager Kenneth Leech Pleads Guilty to Obstructing SEC Cherry-Picking Investigation

Kenneth Leech, the former co-chief investment officer of Western Asset Management Co (Wamco), has pleaded guilty to obstructing a federal investigation into an alleged $600 million “cherry-picking” scheme. By entering a guilty plea to one count of obstructing a U.S. Securities and Exchange Commission (SEC) proceeding in a Manhattan federal court, the 72-year-old avoided a […]

US Warrantless Surveillance Law Lapses for First Time Amid Political Standoff Over Intelligence Leadership
, , ,

US Warrantless Surveillance Law Lapses for First Time Amid Political Standoff Over Intelligence Leadership

The United States House of Representatives has failed to reauthorize the nation’s controversial warrantless surveillance law, marking the first time the legislation has been allowed to expire. A crucial vote on the Foreign Intelligence Surveillance Act (FISA), specifically the powerful Section 702 provision, fell short of the required two-thirds majority in a 218-198 decision, with […]

Federal Judge Rejects Bid to Erase Legal Defeats in Federal Reserve Pressure Campaign Case
, , ,

Federal Judge Rejects Bid to Erase Legal Defeats in Federal Reserve Pressure Campaign Case

Chief Judge James Boasberg of the U.S. District Court for the District of Columbia has denied a request by U.S. Attorney Jeanine Pirro to erase the record of her office’s legal losses during a controversial investigation into the Federal Reserve. The decision ensures that the court’s previous rulings—which blocked prosecutors from subpoenaing the central bank—remain […]