Ex-State Street exec found guilty of ripping off clients


A Boston jury on Tuesday convicted a former high-ranking State Street Corp. executive of plotting to secretly overcharge clients by millions of dollars while at the financial services firm.

Ross McLellan, who was based out of Boston until he left State Street in 2012, was found guilty on five of the six counts he faced, including securities and wire fraud. He is scheduled to be sentenced on Oct. 10. The trial lasted just over two weeks.

McLellan and a handful of other colleagues added secret commissions…

Previous Five things you need to know today, and if I were a millennial, I'd be offended
Next After Hours: Golden Pacific Bank headquarters opening