Bear Juror Says U.S. Case So Weak She’d Invest With Defendants
By Patricia Hurtado and Thom Weidlich
Nov. 11 (Bloomberg) -- Prosecutors missed the mark so widely in the fraud trial of Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin that a juror said after their acquittal she would invest with them if she had the money.
The panel of eight women and four men who spent the past month hearing testimony in the case took only nine hours to find them not guilty on all six counts. During interviews after the verdict yesterday, several jurors said the government failed to prove the defendants defrauded investors who lost $1.6 billion in the two hedge funds run by the men -- both of which were mostly made up of subprime mortgage-backed securities.
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