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Legal Commentary
: TalkLeftMass Mortgage Fraud Indictments
By Jeralyn
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The Justice Department has been busy. Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin, arrested this morning at their homes in New Jersey and Manhattan, were indicted for mail fraud and conspiracy in the first prosecution stemming from a federal investigation of last year's mortgage-market collapse. The two men were charged with misleading investors about the health of two Bear Stearns hedge funds whose implosion ignited the subprime mortgage crisis. Cioffi read more
Full post as published by TalkLeft on June 19, 2008 (boomark / email).
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