Ex-Bear Stearns Financiers May Face More Charges

Published June 27, 2008 at 11:16 AM EDT

A week after two hedge fund managers were arrested in connection with the subprime mortgage meltdown, federal prosecutors may add to the indictments against the former Bear Stearns financiers.

Ralph Cioffi and Matthew Tannin pleaded not guilty to charges of misleading investors by painting a rosy picture of the fund while privately fearing its collapse.

Now investigators are trying to determine whether the men also misled the banks that invested in and backed their fund. Those banks include Merrill Lynch, Barclays and Bank of America.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

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