{"id":8805,"date":"2008-10-09T00:00:00","date_gmt":"2008-10-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"feds-expand-probe-into-bear-stearns","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/feds-expand-probe-into-bear-stearns.html","title":{"rendered":"Feds expand probe into Bear Stearns"},"content":{"rendered":"<p>Newsday &#8211; A federal probe of the $1.8-billion collapse of Bear Stearns hedge funds has spread to include the activities of a number of banks and other lenders, according to court records and legal sources.<\/p>\n<p> Investigators are also reviewing various private financial memorandums prepared by Bear Stearns officials for possible fraud against wealthy investors, said the sources.<\/p>\n<p> One of the banks that may have been defrauded in the case was Barclays Bank PLC, the British institution that last year filed a federal lawsuit against Bear Stearns &amp; Co. Inc. over losses from the hedge fund, said one attorney familiar with the case.<\/p>\n<p> Federal prosecutors in Brooklyn are overseeing the Bear Stearns case while other Wall Street probes are being carried out by federal officials in <span class=\"taxInlineTagLink\">Manhattan<\/span>, said attorney Andrew Entwistle, who is representing investors suing the parent <span class=\"taxInlineTagLink\">Bear Stearns Companies Inc.<\/span> and affiliates.<a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/business\/ny-nybear085874315oct08,0,679363.story\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/business\/ny-nybear085874315oct08,0,679363.story\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.newsday.com\/business\/ny-nybear085874315oct08,0,679363.story\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newsday &#8211; A federal probe of the $1.8-billion collapse of Bear Stearns hedge funds has spread to include the activities of a number of banks and other lenders, according to court records and legal sources. Investigators are also reviewing various [&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":[3076,3072,3074,134,119,3073,418,2176,754,3075,1200,388,439,3071],"class_list":["post-8805","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bad-guys","tag-barclays-bank-plc","tag-bear-stearns-companies-inc","tag-eliot-spitzer","tag-jargon","tag-jpmorgan-treasury","tag-merrill-lynch","tag-new-york-university","tag-personal-reasons","tag-presidential-candidate","tag-principal-owner","tag-prostitution-ring","tag-sumitomo","tag-wednesday-night"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8805","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=8805"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8805\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}