Former Bear Stearns Managers Arrested On Securities Fraud Charges
BROOKLYN, NY - JUNE 19: Mark Mershon, Assistant Director in Charge of the Federal Bureau of Investigation, New York Field Division speaks at a news conference following the arrest two former Bear Stearns hedge fund managers, Ralph Cioffi and Matthew Tannin, June 19, 2008 in the Brooklyn borough of New York City. The two, who were arrested early this morning at their homes in New Jersey and Manhattan, have been indicted for conspiracy to commit securities fraud and mail fraud and could face up to 20 years in prison. (Photo by Spencer Platt/Getty Images)
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