BUSINESS
06/24/2008 05:12 am ET Updated May 25, 2011

First Criminal Charges Related To Credit Crisis Brought Against Bear Stearns Execs

NEW YORK (Reuters) - U.S. prosecutors are preparing to file criminal charges against managers of two Bear Stearns hedge funds whose collapse helped kick off the credit crisis last year, the Wall Street Journal reported on Monday.

The U.S. Attorney's office in Brooklyn, New York will conclude interviews this week and has indicated to lawyers that indictments may follow, the newspaper said, citing people familiar with the case.

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