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06/22/08
Bear Stearns pair held on fraud counts
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 4:34 pm

NEW YORK - It was April 2007, and two Bear Stearns hedge funds run by Ralph Cioffi and Matthew Tannin were piling up losses in the subprime-mortgage market. The men were panicking over an internal report showing their funds were tanking.  more…

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