Will There Be More Charges For Bear Stearns Hedge Fund Managers?

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Will prosecutors bring new charges against that two indicted former Bear Stearns hedge fund managers? The investigation into the collapse of Bear's High-Grade Structured Credit Fund and it's higher-leverage twin, Assistant U.S. Attorney Patrick Sinclair said in court on Friday.
Both Cioffi and Tannin are charged with misleading investors in the two funds. The case seems to rely on private emails expressing distress about the health of the funds even while the managers reassured investors. Both men could face decades in jail if convicted. Currently they are out on bail.
Former Bear Hedge Fund Managers May Face More Charges [FinAlternatives]

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