Two former investment bankers at Bear Stearns have pled guilty to mail and wire fraud in federal court in El Paso, Tex., according to a weekend media report.Their pleas come as part of a federal corruption investigation in Texas that has implicated municipal bond underwriters, according to report, published in the The Wall Street Journal. The investigation already has yielded other guilty pleas from local elected officials in El Paso.
Former Bear Stearns Executives Plead Guilty to Fraud
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.