Kenneth Leech, a former star bond manager at Western Asset Management, pleaded guilty on Friday to obstructing a probe into alleged "cherry-picking."

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.