Former Bear Stearns Hedge Funds Managers Indicted in Fraud
Jun 19
Former Bear Stearns executives Ralph Cioffi and Matthew Tannin were indicted on federal securities fraud charges on June 18, almost a year after the two giant hedge funds they managed collapsed. The much-anticipated indictment is the first set of high-profile criminal charges to emerge from the meltdown in the market for sophisticated securities backed by subprime-mortgages.
Jun 19 at 23:10
It’s shocking how people can repeatedly commit these crimes despite such strict laws within our country.
These scandals are not getting more than I can count. Obviously there is a failure in the system somewhere.