Tag: cherry_picking

Former Western Asset Management CIO Pleads Guilty to Obstructing Fraud Investigation

8 Jul 2026 3:52 p.m. · Source: FBI

Former WAMCO Chief Investment Officer S. Kenneth Leech II pleaded guilty to obstructing an SEC investigation into his $600 million 'cherry-picking' scheme, favoring some clients while causing losses for others. He faces up to five years in prison.

Business Law Enforcement Politics and Government Financial Markets Legal Federal Government Economy S. Kenneth Leech II Western Asset Management Company Obstruction of Justice Investment Fraud SEC Cherry-picking Financial Crime FBI