Cioffi departs Bear Stearns amid federal probe

Wed Dec 19, 2007

Ralph Cioffi, manager of two Bear Stearns structured credit hedge funds that collapsed this summer, has left the firm as U.S. federal prosecutors investigate whether he improperly withdrew money from the funds before they imploded.

The U.S. attorney’s office...

ISSN: 2151-1845 / CDC10004H

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