Ex-Cantor Fitzgerald mortgage bond trader indicted in U.S. for fraud

Reuters News
Posted: Dec 09, 2016 12:31 PM

(Reuters) - A former Cantor Fitzgerald & Co trader has been indicted on charges that he defrauded investors by lying about the price of mortgage bond transactions he handled for them after the financial crisis in order to illegally profit.

David Damos, 35, was charged in an indictment filed in federal court in New Haven, Connecticut, with securities fraud, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities.

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(Reporting by Nate Raymond in New York; Editing by Lisa Von Ahn)