2 CDR Execs Cop To Municipal Bond Bid-Rigging Charges

Law360, New York (January 9, 2012, 5:43 PM EST) -- Two CDR Financial Products Inc. executives on Monday copped to criminal allegations of participating in a municipal bond bid-rigging scheme, one week after the company and its founder entered their own guilty pleas.

Former Chief Financial Officer and Managing Director Zevi Wolmark and former analyst and Vice President Evan A. Zarefsky entered separate agreements with the New York federal court in which they agreed to plead guilty to accusations that while working for CDR they accepted bribes from investment managers in exchange for awarding them bond...
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