Bernard Madoff’s wife and surviving son say in a new book that they didn’t know of his $65 billion Ponzi scheme, the largest in history, until the day in December 2008 when he confessed his crimes to them.
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Former Bank Medici AG chairwoman Sonja Kohn and directors of Bernard Madoff’s European operations, including his sons Mark and Andrew, don’t owe anything to liquidators seeking to recoup losses to repay the conman’s victims, a judge ruled.
Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said.
The European Investment Bank, which may have started selling 2013 carbon allowances in a 1.8 billion-euro ($2.4-billion) program, may strive for more timely market disclosure, said a trader at Standard Bank Plc.