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Bear Stearns Case Goes To Jury

BEAR STEARNS CASE GOES TO JURY

November 10, 2009

The trial of two former Bear Stearns hedge fund managers has gone to the jury. Matthew Tannin and Ralph Cioffi are charged with securities fraud, wire fraud and conspiracy. Investors lost more than $1.6 billion when the two funds managed by Cioffi and Tannin collapsed in the subprime mortgage debacle.

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