Just four days after settling with New York Attorney General Eliot Spitzer and the Securities and Exchange Commission on charges of improper trading, FleetBoston mutual fund arm Columbia Management Group said Friday that three of its top executives "will not be returning" to the office, Reuters reports.

The executives, Chief Operating Officer Joseph Palombo and co-presidents James Tambone and Lou Tasiopoulos, joined five other Columbia Management workers on the unemployment line as a result of the company's participation in the scandal, which involved allowing certain customers to conduct improper market timing trades. Previously, all three men had been placed on administrative leave.

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