Bear Stearns acquittal extends record of losses

11/13/2009 | Bloomberg

The acquittal of two former hedge fund managers at Bear Stearns on fraud charges extends a long record of failure on the part of government prosecutors to convict Wall Street workers, legal experts said. That record includes a large number of Enron managers, former Credit Suisse banker Frank Quattrone and HealthSouth founder Richard Scrushy.

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