US Charges Calif. Firm In Bond Bid-Rigging Probe

Law360, New York (October 30, 2009, 2:29 PM EDT) -- The U.S. Department of Justice has indicted a Beverly Hills, Calif.-based financial services company and three current and former executives for their alleged involvement in bid-rigging and fraud conspiracies related to state and local governments' investment of proceeds from municipal bond sales.

In a nine-count indictment filed Thursday in the U.S. District Court for the Southern District of New York, Justice Department officials hit CDR Financial Products Inc., owner and President David Rubin, Vice President Evan Andrew Zarefsky and former Chief Financial Officer and managing director...
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