Fortune has an article, somewhat amusingly titled titled Prosecutors loaded for Bear, looking into allegations of insider trading.

Specifically, it is alleged that senior fund manager Ralph Cioffi pulled his money out of Bear’s mortgage backed funds about 2 weeks before they imploded.

Drip, drip, drip…I stand by my prediction on Bear Stearns: They will cease to exist as an independent entity before August 2, 2008.