NEW YORK — A state judge dismissed charges Monday that were filed against a Canadian Imperial Bank of Commerce official who had been accused of aiding an improper trading scheme that stole more than$2 million from two mutual funds.
State Supreme Court Justice James Yates dismissed charges against Paul Flynn, 47, at the request of State Attorney General Eliot Spitzer. Flynn was accused of using his job at CIBC to arrange financing for illegal late trading of mutual funds by two hedge funds, Samaritan Asset Management and Canary Capital Partners.
