A federal securities fraud investigation could result in criminal charges as early as Thursday against two former Bear Stearns executives suspected of misleading investors about the risky subprime mortgage market, an official said.
A law enforcement official on Wednesday confirmed reports that Ralph Cioffi and Matthew Tannin, both ex-managers of Bear Stearns Cos. hedge funds that collapsed last year, have been the target of the yearlong probe by federal prosecutors in Brooklyn.
The official, who spoke on condition of anonymity because the outcome of the investigation is pending, said an indictment naming Cioffi and Tannin could be announced sometime …
Комментариев нет:
Отправить комментарий