Bear Stearns Managers Acquitted of Fraud Charges - DealBook Blog ...
NEW YORK — Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors – a defeat in the government&s bid to punish fraud ...
The jury managed to see through the government&s claim that doubt equals fraud.
NEW YORK — Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors – a defeat in the government&s bid to punish fraud ...
Mr. Cioffi was also found not guilty of insider trading charges on accusations that he moved $2 million he had invested in one of the failing hedge funds to another less risky fund while telling investors he was adding to his position. ...
The jury managed to see through the government&s claim that doubt equals fraud.
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