Items Tagged with 'Jefferies'

ARTICLES

  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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  • SEC joins DOJ in giving up case against mortgage bond trader Jesse Litvak

    SEC abandons pursuit of former Jefferies managing director
    Over the summer, the Department of Justice gave up its five-year pursuit of former Jefferies managing director and mortgage-backed securities trader Jesse Litvak, ending the DOJ’s effort to jail the trader for allegedly lying to customers about mortgage bond trades. And now, the Securities and Exchange Commission has done the same thing.
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  • Jesse Litvak freed: Court overturns mortgage bond trader’s fraud conviction, again

    Court of Appeals reverses Litvak’s conviction for second time
    The government’s five-year push to see former Jefferies managing director and mortgage-backed securities trader Jesse Litvak jailed for mortgage bond fraud is about to fail again, as the Court of Appeals has again sided with Litvak, overturning a lower court’s conviction and ordering Litvak released from jail.
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  • U.S. tries a second time to convict MBS trader Jesse Litvak

    Appeals court tossed out first conviction
    The U.S. is trying a second time to convict former Jefferies managing director Jesse Litvak. In July 2014, Litvak was sentenced to two years in prison for lying to clients about mortgage-backed securities, but the case quickly turn a turn the opposite direction when an appeals court tossed out his conviction. Here goes round two.
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