December 18, 2007
Bear Stearns Fund Manager under Investigation
Federal prosecutors reportedly are investigating the actions of a Bear Stearns fund manager who took about $2 million of his own money out of one of the Bear Stearns internal funds that subsequently collapsed. According to reports, at the time Ralph Cioffi moved his money into a different fund, he was still making optimistic forecasts about the fund. WSJ, Bear Manager's Actions Are Subject of Inquiry.
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