Bear Stearns CEO Investigated By Golf Club For Altering Score

CNBC:

CNBC has learned that the Hollywood Country Club in Deal, New Jersey is examining whether Bear Stearns Ceo Jimmy Cayne changed his golf scores to allow him to win the July 4th tournament at the club.

Cayne's golf-game had made news earlier in the month after news reports said he had gone on a golf outing during some of the worst days in Bear's subprime hedge fund crisis.

The Hollywood Golf Club president Harvey York has formed a three person committee to examine a complaint against Cayne, according to CNBC reporter Charlie Gasparino.

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