{"id":7958,"date":"2008-06-24T00:00:00","date_gmt":"2008-06-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bear-stearns-defendants-e-mail-use-dumbfounding-lawyers-say","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/bear-stearns-defendants-e-mail-use-dumbfounding-lawyers-say.html","title":{"rendered":"Bear Stearns defendants&#8217; e-mail use &#8216;dumbfounding,&#8217; lawyers say"},"content":{"rendered":"<p>Seattle Post- Incriminating messages allegedly sent by two ex-Bear Stearns Cos. hedge fund managers indicted on fraud charges that even sophisticated professionals disregard the dangers of putting sensitive information in e-mails, ex-prosecutors said.<\/p>\n<p>Ralph Cioffi, 52, and Matthew Tannin, 46, were charged last week with misleading investors by saying two funds were thriving while knowing subprime-mortgage investments threatened their collapse. The indictments, the first relating to the subprime crisis, cited e-mails from both business and personal accounts describing looming problems. Investors in the funds ultimately lost $1.6 billion.<\/p>\n<p>&quot;It is pretty dumbfounding that people still use e-mail in such a casual way,&quot; said Carol Bruce, a former federal prosecutor now with law firm Bracewell &amp; Giuliani in Washington. &quot;But they do &#8212; and they will into the foreseeable future.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/seattlepi.nwsource.com\/business\/368153_email24.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seattle Post- Incriminating messages allegedly sent by two ex-Bear Stearns Cos. hedge fund managers indicted on fraud charges that even sophisticated professionals disregard the dangers of putting sensitive information in e-mails, ex-prosecutors said. Ralph Cioffi, 52, and Matthew Tannin, 46, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1047,905,906,132,1049,686,987,134,197,81,985,1011,439,1048],"class_list":["post-7958","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-barclays-bank","tag-bear-stearns-hedge-fund","tag-bond-portfolios","tag-capital-management-ltd","tag-chief-financial-officer","tag-civil-lawsuit","tag-criminal-charges","tag-eliot-spitzer","tag-housing-market","tag-newcastle","tag-shawky","tag-strategies-master","tag-sumitomo","tag-willingness"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7958"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7958\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}