Prosecutors Bungled Bid-Rigging Probe Of GE Execs: Attys

Law360, New York (December 2, 2011, 9:42 PM EST) -- Defense lawyers on Friday accused the federal government of using questionable tactics in an undercover operation that forms part of a municipal bond-related criminal bid-rigging case against former executives of a General Electric Co. finance unit and broker CDR Financial Products.

The government was looking for evidence that GE executives and several brokers conspired to rig interest rates on investment products sold to states and municipalities that had unused bond revenue to invest.

In secretly taped recorded conversations, government cooperators probed for information about conversations that...
To view the full article, register now.