11/6/2009

With a U.S. fraud trial ending, jurors must decide whether former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin lied to investors or whether the prosecution presented a "misleading" case, as defense counsel put it. This is a case of "black-and-white lies," prosecutor Ilene Jaroslaw said. The defense counsel said the prosecution gave jurors a "misimpression" and "misleading sound bites."

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