Bear Stearns Managers Arrested, FBI Says

MANHATTAN - Two former Bear Stearns managers were arrested on criminal charges related to the investment bank's collapse in the subprime mortgage fiasco, federal officials said today. Matthew The men are accused of misleading investors about the subprime mortgage market.

The New York Times reported that Matthew Tannin was arrested in New Jersey and Ralph Cioffi was arrested in New York City.

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