The managers of two Bear Stearns hedge funds that collapsed late last year could be charged in a criminal indictment led by federal prosecutors.

The Wall Street Journal reports this morning that the U.S. Attorney's office in Brooklyn is preparing to file criminal charges against Ralph Cioffi and Matthew Tannin. The two ran the High-Grade Structured Credit Strategies Fund and Structured Risk Partners Fund.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.