Ken Leech, the former co-chief investment officer at Western Asset Management Co. , pleaded guilty in a case related to allegations that he fraudulently assigned winning trades to favored clients while forcing others to take losses, days before he was to face a federal criminal trial.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-12/ken-leech-to-plead-guilty-in-us-cherry-picking-fraud-case)