Cromer Finance Ltd.

  • Home
  • Cromer Finance Ltd.

SHOWING:

1 to 2 of 2 results
  

Sort By:

Search

Filter By:

Topics

Jurisdictions

Allegations

Bear Stearns accused of preferential treatment over failed BVI fund

Bear Stearns has been accused of tipping off privileged clients so that they could cash out of the BVI-registered Manhattan Investment Fund before it collapsed in January with losses of about $450 million. It has also been claimed that the broker exceeded "generally accepted margin limitations" in extending credit to the fund, thus contributing to the size of its losses.