Bear pair are scapegoats, lawyers claim
Two former Bear Stearns fund managers were arrested earlier today (Thursday 19 June) for securities fraud. Hedge fund managers Ralph Cioffi and Matthew Tanin were arrested after investors and creditors of two Bear funds lost $1.6bn (£820m) when the funds imploded in June 2007. Cioffi and Tanin could be charged with securities fraud after they […]