Crooks and Liars
Jun 19th, 2008 at 10:43 am by Susie
Liar liar, pants on fire:
NPR.org, June 19, 2008 · Two former Bear Stearns hedge fund managers were arrested Thursday morning and are expected to be indicted on charges of securities fraud as part of a yearlong federal investigation into the mortgage crisis, officials close to the investigation told NPR.
Matthew Tannin and Ralph Cioffi are the highest-level Wall Street executives to be charged in connection with the mortgage crisis so far.
As first reported by NPR Wednesday, prosecutors allege the men told investors that two of their funds were in good shape, while privately telling colleagues they were worried about the funds’ prospects.
