A week after two Bear Stearns hedge fund managers were arrested for allegedly misleading their investors, prosecutors are looking to add to the indictments, NPR has learned. The new charges — which could come as early as next week — would be related to their relationship with banks.
Officials close to the investigation told NPR that the U.S. Attorney's Office for the Eastern District of New York is pursuing additional indictments against Ralph Cioffi and Matthew Tannin.
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