U.S. charges former Wamco executive Kenneth Leech with fraud

Kenneth Leech, a former executive at Western Asset Management Co. (Wamco), has been charged with fraud by United States authorities. The allegations against Leech include misuse of company funds, misrepresentation of company financials, and potentially other fraudulent activities during his tenure at the firm. Leech has not yet released a statement concerning these charges and it remains unclear whether he has legal representation. All further legal proceedings will take place in a U.S. court. The Securities and Exchange Commission and other financial regulatory bodies may be involved in the investigations and subsequent trial.