by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Dec 16 – On November 25 then-US Attorney for the Southern District of New York Damian Williams announced an indictment "charging S. KENNETH LEECH II, the former Chief Investment Officer of Franklin's Western Asset Management Company with securities fraud, investment adviser fraud, commodity trading adviser fraud, commodities fraud, and making false statements." Franklin bought WAMCO along with Legg Mason; it has not been working.
On December 16, Leech and his four lawyers appeared for the first time before SDNY District Judge Gregory H. Woods. Inner City Press was there, thread:
All rise!
AUSA Peter Davis: He is charged in 5 counts...
Judge Gregory H. Woods: Mr. Leech, please stand. How do you plead?
Leech: Not guilty.
AUSA: We have 500,000 documents from 3rd parties including WAMCO. We'll produce them in 6weeks.
Defense: Let's meet again in 5 months, in May. We'd like Mr. Leech to appear by phone.
Judge Woods: May 19, 4 pm, to talk about motions and trial schedule.
The case is USA v. Leech, 1:24-cr-658 (Woods)
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