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Ralph Cioffi
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More angst over dearth of criminal prosecutions for financial crisis
The issue will not go away. People continue to harp on the fact that no big-name Wall Street executives have been sent to prison. Sure, there have been a few sent away. But the big names that the
Will any top Wall Street executives be prosecuted individually?
"We have seen very little in the way of senior officer or boardroom-level prosecutions of the people on Wall Street who brought this country to the brink of financial ruin. Why is that?" So asked Sen. Ted Kaufman at a recent hearing. It's a question on the minds of many. Some are angry. Others
Fabrice Tourre, the defining trial of the crisis?
While the financial crisis has produced a lot of human drama, we have yet to witness a trial that captures the essence of the era. The trial of Ralph Cioffi ( Ralph Cioffi news) and Matthew Tannin ( Matthew Tannin news), both of Bear Stearns ( Bear Stearns news), was as close as we've com
Likelihood of criminal prosecutions on decline?
Should we expect perp walks of big-name Wall Street executives any time soon? Not according to CNNMoney , which says the chances of a major criminal prosecution of a big-name executive seems to be declining with every passing day.
Indeed, the government just dropped a criminal inquiry into
How Raj Rajaratnam will fight charges
We've noted that it looks like Raj Rajaratnam intends to go to the mat against the SEC on the insider trading charges against him. The New York Times offers a preview of what might be his defense. For one thing, as we suggested before, he seems to be attacking the government's use of wiretaps.
More creative investigations coming
The SEC is bent on proving to the world that it is a savvy crime-fighting organization that is fully capable of rebounding from recent embarrassments. The Bernard Madoff scandal of course is the best
Jurors in Bear Stearns case go public
It's not uncommon for jurors in big trials to go public after they reach a decision. In the trial of Ralph Cioffi and Matthew Tannin, among the first to speak to the media was Stephanie Stimpson, who works at Brooklyn College. She was interviewed by Bloomberg and the headlines were memorable:
Big questions after acquittals
As Wall Street continues to cheer, the jury acquittals of Ralph Cioffi and Matthew Tannin continue to reverberate. Business Week notes there are plenty of unanswered questions. Chief among them is whether and to what extent the two Bear Stearns hedge fund managers were responsible for massive
Cioffi and Tannin, innocent
Ralph Cioffi and Matthew Tannin took their chances in court--and their bet paid off. They were acquitted. The verdict cannot be taken lightly as they ponder whether to bring charges against others or not. A jury found both men innocent even though there were plenty of emails that the prosecution u
Bear Stearns trial wraps up
In some ways, the trial of Ralph Cioffi, 53 and Matthew Tannin, 48, is all about email. That's what it boiled down to as the high-profile trial wrapped up last week. Prosecutor say the Bear Stearns hedge fund managers told "black and white lies" about the funds in the first half of 2007, knowing d
