Ex-Eaton Vance portfolio manager to plead guilty to fraud in U.S. court

(Reuters) A former Eaton Vance Corp portfolio manager has agreed to plead guilty to having engaged in a fraudulent scheme involving call options that enabled him to illegally make $1.9 million, according to papers filed in Boston federal court on Monday.

Kevin Amell, 45, a onetime vice president at the Boston-based asset management firm, agreed to plead guilty to securities fraud and forfeit $1.95 million as part of a deal in which prosecutors would seek a prison sentence of no more than 27 months, the documents said. A lawyer for Amell did not immediately respond to a request for comment.

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