Friday, February 8, 2008

Bear Stearns to face indictment for hedge fund collapse?

Federal prosecutors are talking to high ranking officials at Bear Stearns Cos Inc after the collapse of two hedge funds last summer, and an indictment of the firm is possible, CNBC's reporter Charlie Gasparino said on Thursday.

Prosecutors recently spoke to former asset management head Rich Marin, Gasparino said. A spokesman for Bear Stearns was not immediately available for comment.

No comments: