(Boston Globe) A former executive of State Street Corp. was convicted Tuesday by a federal jury for his role in a scheme to defraud customers by charging secret commissions on billions of dollars worth of trades. Ross McLellan, 47, of Hingham was found guilty of one count of conspiring to commit securities fraud and wire fraud, two counts of securities fraud, and two counts of wire fraud, according to the US Attorney’s office in Boston.
Former State Street executive convicted on fraud charges
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