Report: Insiders bailed on Bear funds
Insiders removed investments while outsiders were blocked from making withdrawals, according to BusinessWeek.
Federal prosecutors and U.S. regulators are probing an allegation that The Bear Stearns Cos. Inc. allowed insiders to remove their investments from hedge funds that collapsed in July while blocking outsiders from making withdrawals, according to BusinessWeek report.
The Securities and Exchange Comm
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