Bear Stearns Fund Managers Impressed Jurors With Their Work Ethic
"If this was really a fraud case, they wouldn't have worked that hard."
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"If this was really a fraud case, they wouldn't have worked that hard."
They're raising questions about venue and have all sorts of outlandish requests.
A lawyer for one of the Bear Stearns fund managers accused of misrepresenting the health of an ailing hedge fund seconds her client's emotions.
One prospective juror wrote that big financial firms "always try to bend the rules to make as much money as possible."
They're looking for e-mail records about mortgage-backed securities.
"Wall Street got drunk," the president said, "and now it's got a hangover." Also, Donald Trump Jr. invests in India, 'Esquire' editors decide to flash people, and more, in our daily roundup of finance, real-estate, media, and law news.
The indicted Bear Stearns hedge-funder may lose almost everything, but he won't lose that tony Hamptons address.
Martha disrupts plans to make her seem like less of a perfectionist, Bear Stearns CEO Jimmy Cayne may face arrest (he'd better hide his stash!), and the FBI is slapping anyone who's ever said the word "mortgage" with criminal charges, in our daily roundup of media, finance, real-estate and law news.
Matthew Tannin and Ralph Cioffi, former hedge-fund managers at the former Bear Stearns, were taken into custody this morning for telling investors everything was fine with their funds, while privately admitting they were "toast."
AIG's Martin Sullivan is out, and everyone else is waiting for the ax to fall. Plus! Former 'NYT' editor Howell Raines picks on Poynter blogger Jim Romenesko, a Central Park West penthouse goes on the market for $80 million, and more, all in our daily roundup of finance, media, real-estate and law news.
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