Charlie Gasparino: "Lehman CFO Erin Callan Will Not Be Charged By The SEC"

Fox Business Network’s (

) Senior Correspondent Charlie Gasparino reports that former Lehman Brothers CFO Erin Callan has “not received a Wells Notice” which indicates she will not be charged by the SEC. Highlights of the report can be found below courtesy of Fox Business Network.

“There is a lot of speculation as to who will be charged in the SEC’s investigation of Lehman Brothers. As of right now at least, it will not be the former CFO Erin Callan.”

“Attorney for Callan Robert Cleary tells FBN she has not received a Wells Notice. As of right now she is not going to get charged. It could still come.”

“This is an interesting development because the end game on this is clearly happening. And it’s the two year anniversary of Lehman’s bankruptcy Callan was one of the people putting out the positive image of the firm as it was imploding that’s what they are investigating.”