Jury selection begins Tuesday for the trial of Matthew Tannin and Ralph Cioffi, two former bankers at the defunct investment bank Bear Stearns. Their investment funds put clients' money in high-risk mortgage securities. According to prosecutors, they promoted the funds in public, but sent e-mails to each other about their fears of collapse. They could face 20 years in prison.
Jury Selection Begins For Ex-Bear Stearns Bankers
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