Government Drops Case Against Bear Stearns Trader

Law360, New York (September 22, 2006, 12:00 AM EDT) -- After two recent acquittals, federal prosecutors have abandoned their fraud case against a former specialist at Bear Wagner Specialists LLC, one of a slew of individuals charged in connection with an alleged illegal trading scheme.

On Friday, prosecutors revealed in court papers that they were dropping charges against Kevin Fee, who stands accused of making improper trades for the Bear Stearns unit’s account at the New York Stock Exchange.

"Based on a review of the evidence in the case and information pertaining to this defendant subsequent...
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