Three Nomura RMBS Traders Indicted on Charges of Conspiracy, Fraud

Three former Nomura RMBS traders have been indicted in a Connecticut federal court for swindling millions of dollars from customers while making millions themselves.

The 10-count indictment, returned on September 3 and unsealed on Tuesday, alleges that Ross Shapiro, Michael Gramins and Tyler Peters committed conspiracy and fraud offenses while supervising the Residential Mortgage Backed Securities Desk at Nomura Securities International in New York.

“The indictment alleges that, for several years, these three defendants handsomely profited by repeatedly lying to Nomura’s customers in violation of federal law,” said U.S. Attorney Deirdre M. Daly...