A New Haven federal grand jury has accused former Jefferies RMBS trader, Jesse Litvak with engaging in a scheme to defraud customers on residential mortgage-backed securities (RMBS) trades.   

 The 16-count indictment against Litvak charges him with securities fraud, Troubled Asset Relief Program (TARP) fraud and making false statements to the federal government. His victims included numerous investment funds, including six funds that the Department of Treasury established in 2009, as part of the federal government’s response to the financial crisis. He allegedly defrauded the funds and multiple private investment funds of a total of more than $2 million.

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