Justice Department Joins Bear Stearns Probe

Meanwhile, in a separate development in the mutual fund investigation, Spitzer's office is close to filing civil charges against Gary Pilgrim and Harold Baxter, the founding partners of Pilgrim Baxter & Associates. Last week, both men resigned from the 21-year-old mutual fund company after it was revealed that Pilgrim was an investor in a hedge fund that market-timed shares of several Pilgrim mutual funds. Sources familiar with the investigation said Spitzer could file charges in a matter of days.