Mutual-Fund Indictment Against Broker Reveals 'Startling' Phone Dialogue.

Reports that New York (State) Attorney General Eliot Spitzer has unsealed a criminal indictment against former Bank of America Corp. broker Theodore Sihpol that included recordings of phone conversations that show Sihpol and a New Jersey hedge fund scheming to make illegal mutual-fund trades. Comments from Spitzer, suggesting similar types of subterfuge were employed in several improper fund-trading scandals involving market timing and late trading; Details of the indictment against Sihpol, including charges of grand larceny, fraud and violation of business law; Excerpts of telephone conversation transcripts between Sihpol and representatives of Canary Capital Partners LLC.