Bloomberg – Former Bear Stearns Cos. hedge fund manager Matthew Tannin, accused of misleading investors, said “We could blow up” in a 2006 e-mail, according to documents released by prosecutors.
Tannin, 47, is set to go on trial Oct. 13 for securities fraud with fellow ex-manager Ralph Cioffi, 53. In a message with the subject title ‘Thoughts” that Tannin sent to himself on Nov. 23, 2006, he said was “stressed” about his work at the fund.
“I became very worried very quickly,” Tannin wrote in the e-mail. “Credit is only deteriorating. I was worried that this would all end badly and that I would have to look for work.”