Bernie Madoff News
-
When Turney Duff was a junior trader at the now-defunct hedge-fund company Galleon Group LLC, he was plied with dinners, free trips and cocaine by securities-fund salesmen.
-
New Zealand charged a 63-year-old financial adviser with running the biggest Ponzi scheme ever alleged in the South Pacific nation.
-
Bernie Madoff is warning regular investors not to let Wall Street scam them like he did. His advice: Use index funds. In a recent interview with MarketWatch, Madoff was asked where the safest place is to invest money with the least amount of risk for fraud. His answer:
-
The fall of Lance Armstrong was as steep as the mountains he climbed en route to the Champs-Elysees and life as a global icon. He left a trail of destruction on the way up and on the way down.
-
Fred Wilpon once offered his pal, Bernie Madoff, an ownership stake in baseball’s New York Mets. The response was no.
-
The Securities and Exchange Commission is certainly looking all spiffy and new these days.
-
One late afternoon in March 2007, Sanjay Wadhwa sat at his desk transfixed by the data on his computer screen. Wadhwa was then a low-level supervisor in the Wall Street office of the U.S. Securities and Exchange Commission investigating a supposedly routine case of “cherry- picking.” The SEC had gotten a complaint that Rengan Rajaratnam, the founder of Sedna Capital Management LLC, a small hedge fund, was doling out a disproportionate share of his best trades to the beneficiaries of a “friends and family” account. It was Wadhwa’s job to figure out what was going on, Bloomberg Businessweek reports in its April 23 issue.
-
Lawmakers grilled U.S. Securities and Exchange Commission Chairman Mary Schapiro over what they called a breakdown in ethics that allowed the agency’s former top lawyer to work on policy related to the Bernard Madoff fraud after he inherited money from the Ponzi scheme.
-
“Forgive me,” began Charles Ferguson , the director of “Inside Job,” while accepting his 2011 Oscar for best documentary. “I must start by pointing out that three years after a horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong.”
-
Investors are still miffed with the securities industry for the havoc that resulted from the credit crisis. Financial advisers are somehow escaping that wrath.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page