The DOJ is dropping most charges against former Western Asset Management co-CIO Ken Leech, whose cherry-picking scheme triggered $150 billion in outflows.

Kenneth Leech, former Western Asset Management CIO, pleaded guilty to obstructing an SEC probe into a cherry-picking scheme involving over $600 million.

Ken Leech, former WAMCO co-CIO, pleaded guilty to obstructing an SEC probe into a $1.2 billion cherry-picking scheme. WAMCO settled for $100 million.