US: First Finance Execs arrested over sub-prime fiasco

Two hedge fund managers today became the first financial executives to be arrested over the US sub-prime mortgage scandal.

US: First Finance Execs arrested over sub-prime fiasco
Thu, 19 Jun, 2008 - 15:39

Two hedge fund managers today became the first financial executives to be arrested over the US sub-prime mortgage scandal.

The men, both ex-employees of Bear Stearns, were held at their homes in New York and New Jersey by the FBI.

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CourtsBusinessHeathrowPlace: USPlace: New YorkPlace: New JerseyPerson: Matthew TanninPerson: Ralph CioffiPerson: TanninPerson: Susan BrunePerson: CioffiEvent: sub-prime mortgage scandalOrganisation: Bear StearnsOrganisation: FBIOrganisation: Bear Stearns’Organisation: Federal ReserveOrganisation: Barclays BankOrganisation: Barclays
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