# Bond Manager Pleads Guilty to Obstruction

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/bond-manager-pleads-guilty-to-obstruction
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/bond-manager-pleads-guilty-to-obstruction.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-06-12T17:49:00+00:00
Episode link: https://api.fastcast.ai/audio/176d62e3-df7b-4b9d-800f-29d6a7eafd6d.mp3
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Duration seconds: 118

## Resource

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: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f4d702a661992813

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