(Bloomberg)Jesse Litvak’s luck has finally run out. A federal appeals court on Tuesday ordered the former Jefferies LLC trader to report to prison on Sept. 12 to begin serving a two-year sentence for lying to customers about mortgage bond prices. He is appealing his January conviction and had asked the Manhattan-based court to allow him to remain free until the case is resolved. That worked in 2014 after his first trial. Litvak was convicted, but the U.S. Court of Appeals in New York allowed him to remain free during the appeal. That court, known as the Second Circuit, later overturned the conviction, setting up this year’s trial.
Ex-Trader Litvak Ordered to Federal Prison During His Appeal
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