Episode
Bond Manager Pleads Guilty to Obstruction
- Published
- Jun 12, 2026
- Duration seconds
- 118
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Summary
Kenneth Leech, a top bond manager at Western Asset Management, struck a plea deal admitting to obstructing an SEC investigation over allegations he cherry-picked profitable trades for favored clients, avoiding a trial and facing up to a year in prison instead of potential fraud charges. The scheme, spanning from 2021 to 2023 and involving over $600 million, centered on false testimony he gave in March 2024. His former employer, WAMCO, already paid $100 million to settle civil charges without admitting fault, suffering major asset outflows as a result. Leech’s sentencing is set for September. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/f4d702a661992813