Nov 11th, 2009 · So how badly did federal prosecutors blow it in the case in which a jury acquitted two former hedge fund managers of subprime mortgage related fraud? The jury found the prosecutors' case so weak apparently that one juror said she'd invest with the two men who were on trial.
Nov 11th, 2009 · The government's first effort to prosecute individuals for contributing to the financial crisis ended in failure. A jury found former Bear Stearns executives Ralph Cioffi and Matthew Tannin not guilty of fraud. The two men invested in subprime mortgage-related securities, and the funds collapsed, costing investors more than $1 billion.
Nov 11th, 2009 · Two former Bear Stearns executives were found not guilty Tuesday on fraud and conspiracy charges. Ralph Cioffi and Matthew Tanin were the first Wall Street executives to face criminal charges arising from the collapse of the subprime mortgage market.
Nov 10th, 2009 · Two former Bear Stearns hedge-fund managers have been acquitted of lying to investors about the implosion of the subprime mortgage market. A Brooklyn jury found Ralph Cioffi and Matthew Tannin not guilty on all counts of conspiracy and fraud.
Nov 10th, 2009 · The trial of two former Bear Stearns hedge fund managers has gone to the jury. Matthew Tannin and Ralph Cioffi are charged with securities fraud, wire fraud and conspiracy. Investors lost more than $1.6 billion when the two funds managed by Cioffi and Tannin collapsed in the subprime mortgage debacle.
Jul 7th, 2009 · It's ironic that a New York Times economics reporter found himself drowning under his own subprime mortgage. But if it could happen to him, Edmund L. Andrews argues in Busted, it's no surprise it happened to 8.3 million others.
Jun 4th, 2009 · The SEC also accuses Angelo Mozilo of illegal insider trading. Countrywide was a major player in the subprime mortgage market, the collapse of which touched off the financial crisis. Mozilo is the most high-profile individual to face formal charges from the federal government in the aftermath of the crisis.
May 15th, 2009 · Several books have been published about the subprime crackup, the housing bubble and the financial meltdown, but Busted: Life Inside the Great Mortgage Meltdown by reporter Edmund Andrews is special. That's because as he was writing about the issue, he himself was sinking as fast as anyone.