Ken Leech, the former co-chief investment officer at Western Asset Management Co., pleaded guilty to lying to regulators during an investigation into his trading as part of a last-minute deal with prosecutors who dropped the most serious fraud charges against him.
The former star bond trader admitted at a court hearing in New York that he lied to the US Securities and Exchange Commission. The plea deal, reached days before a trial was scheduled to start, opens the possibility that he’ll get no more than a year in prison.
Prosecutors in 2024 charged Leech with illegally ...
