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.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-12/ken-leech-to-plead-guilty-in-us-cherry-picking-fraud-case)