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Mr Cioffi is on trial in New York with his former colleague Matthew Tannin. They deny securities fraud, wire fraud and conspiracy charges relating to the collapse of two funds...But prosecutors argue the two lied to investors to protect their bonuses...
Tags: fund managers, Matthew Tannin, hedge fund, Bear Stearns, Ralph Cioffi, stearns hedge, wall street, subprime mortgage, Mr Cioffi, criminally cases