Colling, Gilbert, Wright & Carter Securites Fraud

The credit crisis has hit wall street again as two Bear Stearns hedge fund managers were charged with defrauding investors by concealing problems that led to last year's infamous hedge fund collapse and brought the firm to the brink of bankruptcy, costing investors and employees billions. These arrests are the first in what regulators and law enforcement claims will be a widening probe of managers and their investments in sub-prime vehicles and structured products. See the June 19, 2008 CNN/MONEY article.

The fund managers' arrests raised investor fears the worst of the subprime mortgage crisis is not over and investment firms brace for the next round of bond and income fund losses. This is just the latest scandal brought on by Wall Street's over indulgence in subprime investment vehicles and the subsquent cover ups that have cost investors billions of dollars.

Bond fund investors who have lost money in either the Bear Stearns hedge funds, the RMK Morgan Keegan Funds, and/or the the Schwab YieldPlus Select and Investors funds, may email our offices for complimentary case evaluation.