Girard Sharp LLP is investigating potential claims relating to reported misconduct by former Chief Investment Officer Ken Leech on behalf of Western Asset Management Company clients.
If you are a current or former WAMCO client, please fill out our form or call (866) 981-4800 for a free consultation.
WAMCO CIO Ken Leech Charged by SEC Following Fraud
Western Asset Management Company is a global fixed-income investment firm headquartered in Pasadena, California with $381.1 billion in assets under management as of June 30, 2024According to the FBI “Kenneth Leech, the former CIO of Western Asset Management Company, allegedly violated his fiduciary duty by crafting a preferential treatment scheme to allot more than $600 million in profits and losses to particular clients.” Since the beginning of August, clients have pulled $55 billion from WAMCO, which represents 15% of the company’s assets.
According to a November 25, 2024 Grand Jury Indictment, investors who invested with WAMCO between 2021 and October 2023, and whose investments aligned with the “Core” and “Core Plus” strategies may be affected.
If you are a current or former WAMCO client, please call (866) 981-4800 for a free consultation.
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