In the Southern District of New York (SDNY), several significant legal proceedings are underway. Ken Leech, the former co-Chief Investment Officer at Western Asset Management, has been granted a $10 million bail following federal charges related to improperly allocating trades to favored clients. Leech has pleaded not guilty to five counts of fraud, including allegations of cherry-picking winning trades for select clients. Meanwhile, Sandy Carazas-Pinez is currently pleading guilty to charges that carry a mandatory minimum sentence of ten years. Additionally, a pre-sentencing hearing is taking place for former Honduran congressman Midence Martinez Turcio, who is facing testimony from cooperator Devis Leonel Rivera Maradiaga. Other cases in the SDNY include a sentencing for conspiracy to commit carjacking and a bribery case involving the NYC Housing Authority. The courtroom remains active with various defendants being presented for different charges, including narcotics and armed robbery.