Reuters Money: Frauds or fibs? Ex-Jefferies trader's fraud case goes to jury

	Click to View in Browser 03/6/2014 Frauds or fibs? Ex-Jefferies trader's fraud case goes to jury NEW HAVEN, Connecticut (Reuters) - Prosecutors said greed motivated former Jefferies Group Inc trader Jesse Litvak to defraud the government on mortgage securities, while defense lawyers said their client's "fibs" were perfectly acceptable, during closing arguments at a closely-watched trial on Wednesday. Private health exchanges begin to shift behavior NEW YORK (Reuters) - Shopping for employee health insurance on private marketplaces might be the way of the future for tens of millions. However, expert opinions about growth have been based on projections, not actual consumer behavior in the exchanges that only really got going last year. The patient and the brave (James Saft is a Reuters columnist. The opinions expressed are his own) Bridgewater Pure Alpha fund gains in February, gold bet helps BOSTON (Reuters) - Bridgewater Associates' Pure Alpha fund, one of the world's biggest hedge funds, gained 3.04 percent last month, thanks in part to its investment in gold, which scored its biggest monthly gain in seven months. With billions at stake, U.S. court weighs Madoff clawback claims NEW YORK (Reuters) - Victims of Bernard Madoff's epic fraud may be able to recoup only a small portion of the billions of dollars he allegedly funneled to selected customers in the last years of his Ponzi scheme. Equality aside, filing jointly isn't for all gay couples NEW YORK (Reuters) - Same-sex couples have a new right to celebrate in April, when they can file joint federal tax returns for the first time. U.S.-based bond funds post third week of inflows: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds committed $2.3 billion to bond funds in the week ended February 26, marking a third straight week of inflows, data from the Investment Company Institute showed on Wednesday. Pimco's Gross says returns on risk assets depend on Fed NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said Tuesday that risk assets such as stocks and high-yield bonds will outperform this year if the U.S. Federal Reserve and other central banks can convince investors that easy money policies are stimulating growth. Lehman Europe creditors in line for extra $8 billion payday LONDON (Reuters) - Hedge funds, asset managers and other creditors of Lehman Brothers' European arm will next month be fully paid out from money recovered from the carcass of the bank and could get an extra 5 billion pounds ($8.4 billion). Law firm Patton Boggs engages former Dewey restructuring adviser NEW YORK (Reuters) - Beleaguered Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm, according to people familiar with the matter. Related Video Caution follows relief on Wall Street I am looking at the thermometer-Moody's Analytics Zandi Business News U.S. jobless claims tumble to three-month low U.S. fourth-quarter productivity slashed The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend