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November 10, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

Closing Arguments Heard in Bear Stearns Trial

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 of 2007.

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