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Ex-Jefferies director sentenced to two years in prison

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Ex-Jefferies Managing Director Jesse Litvak, deemed an 'elite' fraudster by prosecutors for being the only person convicted of fraud over a $20bn government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities.

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John Paulson

Paulson makes another $1bn

John Paulson’s hedge funds made almost $1bn on his investment in OneWest Bank, which is being purchased by CIT Group for $3.4bn in cash and stock.

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