News on Ralph Cioffi

VERDICT: NOT GUILTY

2010-02-24T02:57:47Z

<div><h1>VERDICT: NOT GUILTY </h1><p>Were they simply lousy money managers, or did they lie to clients? A federal jury in Brooklyn apparently decided on the former, acquitting on Nov. 10 two former Bear Stearns hedge fund managers, Reuters) - A top U.S. Justice Department official said on Thursday the acquittal of two former Bear Stearns hedge fund managers on fraud charges was not a setback to pursuing such cases and that prosecutors would c...

Financial Crisis Criminal Cases

2009-11-11T15:46:37Z

FILE - In this Nov. 9, 2009 file photo, former Bear Stearns hedge fund manager Ralph Cioffi enters Brooklyn federal court in New York. The swift acquittal of Cioffi and executive Matthew Tannin in the gov...

Bear Stearns Trial

2009-11-11T13:17:33Z

FILE - In this Nov. 9, 2009 file photo, former Bear Stearns hedge fund manager Ralph Cioffi enters Brooklyn federal court in New York. A Brooklyn jury found Ralph Cioffi and Matthew Tannin not guilty Tue...

Bear Stearns Investigation

2009-11-11T13:01:09Z

Former Bear Stearns hedge fund manager Ralph Cioffi enters Brooklyn federal court, Monday, Nov. 9, 2009, in New York. Jury deliberations are scheduled to begin for Cioffi and ex-manager Matthew Tannin, bo...

Ex-Bear Stearns bosses cleared of fraud

2010-02-24T06:56:16Z

<div><p>Two former Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown.</p><p>Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown.</p><p>Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown.</p><p>Reuters) - Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.&...

2 ex-Bear Stearns hedge-fund managers acquitted

2010-02-24T07:56:03Z

<div id="subtitle">Jury acquits 2 former Bear Stearns hedge-fund managers of lying to investors</div><div><p>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 exposed by the financial cri...

Trial of ex-Bear Stearns execs goes to jury

2010-02-24T07:49:59Z

<div><p>NEW YORK (Reuters) - Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.</p><p>"Please explain venue further," ...

Wall St. trial summations hone in on "toast" email

2010-02-24T08:56:31Z

<div><p>NEW YORK (Reuters) - The trial of two former Bear Stearns hedge fund managers on fraud charges ended on Friday with sharp arguments over the meaning of the word "toast" in one defendant's email about the subprime mortgage market.</p><p>Bear Stearns hedge fund managers</div><div><p>Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.</p&...

Sparring over evidence at Wall Streeters trial

2010-02-24T08:51:49Z

<div><p>NEW YORK (Reuters) - In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told "black and white lies," but a defense lawyer attacked the government for "misleading" the jury.</p><p>U.S. pros...

Ex-Bear Stearns manager did not lie-trial lawyer

2010-02-24T18:26:41Z

<div><p>NEW YORK (Reuters) - Former Bear Stearns hedge fund manager Matthew Tannin, on trial for fraud and lying to investors early in the financial crisis, might have made strategic mistakes but he did not conspire with colleagues to commit a crime, his law...

Hedge fund managers lied as Wall St crumbled: prosecutors

2010-02-24T18:49:57Z

<div><p>Two US hedge fund managers were accused Wednesday of defrauding investors in a court case seen as putting on trial the risk-taking culture blamed for last year's Wall Street collapse.</p><p>Ralph Cioffi and Matth...

Fund managers face trial in mortgage market case

2010-02-24T18:57:53Z

<div id="subtitle">2 former Bear Stearns execs stand trial on charge they hid dire situation in mortgage market</div><div><p>Two former Bear Stearns hedge fund managers went on trial Wednesday in one of the few criminal cases brought against Wall Street executives in connection with the housing market...

Emails, Wall Street crisis key in Bear Stearns trial

2010-02-24T20:13:37Z

<div><p>NEW YORK (Reuters) - When two former Bear Stearns hedge fund managers go on trial on Tuesday on charges they misled investors over risky securities, their attorneys may have to fight a perception that Wall Street is in the dock over the financial crisis.&a...

Judge rules BofA suit over Bear loss can proceed

2010-02-25T00:09:16Z

<div><p>NEW YORK (Reuters) - A federal judge said Bank of America Corp &lt;BAC.N&gt; may pursue a lawsuit accusing former Bear Stearns Cos managers Ralph Cioffi...

U.S., accused Bear managers battle over evidence

2010-02-25T04:12:05Z

<div><p>NEW YORK (Reuters) - U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.</p><p>Lawyers for...