A former managing director at the New York investment banking firm Jefferies & Co. has been convicted of multiple offenses involving a scheme to defraud customers trading in residential mortgage-backed securities.

Jesse Litvak, a registered broker-dealer, was convicted Friday by a federal jury in New Haven, Conn., of 10 counts of securities fraud, one count of defrauding the Troubled Asset Relief Program, and four counts of making false statements within the jurisdiction of the U.S. government.

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