Lisa Chow

New York, NY —

A jury in Brooklyn will begin deliberating today, in the trial of Ralph Cioffi and Matthew Tannin, the first Wall Street executives to face criminal charges stemming from the financial crisis. Cioffi and Tannin ran two hedge funds at Bear Stearns that were heavily invested ...

New York, NY —

A jury in Brooklyn will begin deliberating today in the first criminal trial of Wall Street executives related to the subprime mortgage crisis. Ralph Cioffi and Matt Tannin managed two hedge funds at Bear Stearns that collapsed, eight months before the investment bank, itself, collapsed. ...

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At the end of a nearly three-hour closing argument, defendant Matthew Tannin's lawyer, Susan Brune, broke down in tears, pleading with the jurors to 'send Matt home to his family.' The jury will begin deliberating on the securities ...

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Matthew Tannin's eyes moistened and his face reddened as Ralph Cioffi's lawyer, Dane Butswinkas, read an excerpt of the infamous email note that Tannin wrote to Cioffi on April 22, 2007, before the collapse of the funds ...

New York, NY —

Closing arguments have wrapped up in the first criminal trial of former Wall Street executives related to the subprime mortgage crisis. Ralph Cioffi and Matthew Tannin are accused of misleading investors about the health of their Bear Stearns hedge funds, which collapsed in the summer ...

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In his closing argument today, Ralph Cioffi's lawyer, Dane Butswinkas, cited several instances where he believed the government omitted pertinent information and was thus building its case on 'misimpressions.' Butswinkas told the jurors repeatedly, 'It’s the type of ...

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After more than three weeks of often times confusing testimony from lenders, investors, and former Bear Stearns employees, federal prosecutor Ilene Jaroslaw summed up the U.S. government's case against Ralph Cioffi, 53, and Matthew Tannin, 48, in two and ...

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Maybe 75 cents? $10? How about $1 million?

Judge Frederic Block raised this question with two investors who lost money in the collapse of the Bear Stearns hedge funds. Both testified for the government this week ...

Glenn Hubbard, dean at Columbia Business School and former economic advisor to President Bush, testified that defendants Ralph Cioffi and Matthew Tannin 'pursued a strategy that was well articulated and quite conventional,' in the first criminal trial of Wall Street executives related to ...

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He's the highest-ranking former Bear Stearns executive to testify in this trial so far: Rich Marin, former chairman and CEO of Bear Stearns Asset Management.

Marin supervised Ralph Cioffi, 53, and Matthew Tannin, 48, who are accused of lying ...

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The U.S. government's case didn't end on the strongest note.

Its last two witnesses undermined the government's argument that investors were closely watching 1) defendants Ralph Cioffi's and Matthew Tannin's personal investments in the hedge funds they were managing, ...

New York, NY —

With low voter turnout expected for Tuesday's mayoral election, Democrat candidate Bill Thompson is traveling around the city this weekend to encourage voters to get to the polls. "It's not about being on TV or radio. I think you're going to see a lot of ...

New York, NY —

The former hedge fund boss at Bear Stearns took the witness stand yesterday, in the first criminal trial of Wall Street executives related to the subprime mortgage meltdown. Greg Quental testified as a government witness against Ralph Cioffi and Matthew Tannin, who are accused of ...

Two former Bear Stearns executives are expected to testify this week in the first criminal trial related to the subprime mortgage meltdown.

New York, NY —

Two former Bear Stearns executives are expected to testify this week in the first criminal trial related to the subprime mortgage meltdown. WNYC's Lisa Chow reports.

REPORTER: The government is calling Bear Stearns' former head of asset management and its former hedge fund boss to the ...

Washington Takeout: The Takeaway's Washington correspondent, Todd Zwillich, reports on health care reform in the House of Representatives as House Speaker Nancy Pelosi looks for the...

New York, NY —

Opening statements continued yesterday in Brooklyn, in a trial of two former Bear Stearns hedge funds managers. The men are the first Wall Street executives to be criminally charged in a case stemming from the subprime mortgage crisis. Their hedge funds collapsed before Bear Stearns ...

New York, NY —

The trial of two former Bear Stearns hedge fund managers got underway in a Brooklyn federal courthouse yesterday. The U.S. government says Ralph Cioffi and Matt Tannin misled investors. When their hedge funds failed, investors lost $1.6 billion. WNYC’s Lisa Chow reports:

REPORTER: Assistant U.S. Attorney ...

This week Judge Frederic Block spent hours interviewing potential jurors for the securities fraud trial of Ralph Cioffi and Matthew Tannin. Cioffi and Tannin are former Bear Stearns hedge fund managers accused of misleading investors about the health of their funds, resulting in losses which totaled nearly $1.5 billion.

While ...

New York, NY —

The U.S. government makes its opening statement today in its case against two former hedge fund managers from the now defunct investment bank Bear Stearns. The government accuses the men of misleading investors about the health of their funds, which collapsed in July of 2007.

WNYC's ...