Posted on 19/07/08
U.S. ponders more charges against Bear officials
The U.S. government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor said yesterday. In a court hearing in U.S. District Court in Brooklyn, Assistant U.S. Attorney Patrick Sinclair said "the government is indeed contemplating additional charges." He did not provide any details about the potential charges. "We are looking to have that resolved by early fall at the absolute latest," he told U.S. District Judge Frederic Block. Ralph Cioffi and Matthew Tannin were charged on June 19 with conspiracy and securities fraud related to the demise of the two funds last year.
The full text of this article has 119 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
