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November 11, 2009

Ex-Bear Sterns Execs Acquitted in Fraud Case
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Here in New York, two former hedge fund managers at the investment bank
Bear Stearns have been acquitted in a fraud trial. Matthew Tannin and
Ralph Cioffi were the first executives to face criminal charges in the
wake of the subprime mortgage crisis. On Tuesday, jurors found the pair
not guilty after six hours of deliberation.



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