3rd Ex-CDR Worker Admits To Bid-Rigging Conspiracy

By Ben James

Law360, New York (March 16, 2010, 12:38 PM ET) -- Former CDR Financial Products Inc. employee Douglas Alan Goldberg has pled guilty to participating in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds, making him the third ex-CDR worker to cop a plea as a result of an ongoing federal probe into the municipal bond industry.

Goldberg pled guilty to two counts of conspiracy and one count of wire fraud in the U.S. District Court for the Southern District of New York on Monday and agreed to cooperate with the...
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