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Breaking News Today: Arrests Made in Bear Stearns Case | Raw Video »

Posted by: faida 2 months, 2 weeks ago

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Ralph Cioffi and Matthew Tannin, two former Bear Stearns managers, have been arrested and will now face charges for their part in managing hedge funds that collapsed one year ago. They have been accused of securities fraud related to their management of hedge funds backed by the sub-prime mortgage market.