Not only did
Further, one of the e-mails reportedly implied that Alliance Chairman Bruce Calvert also knew about the market timing of Daniel Calugar, a Las Vegas broker, in several Alliance funds.
Alliance, which has already fired President/CEO John Carifa and mutual fund head Michael Laughlin, would not comment on the allegations. Amid the scandal, during which the company has already set almost $200 million aside to take care of costs relevant to the investigation, Alliance has been given a "consider selling." recommendation by