Bernard Madoff’s former computer programmers created a web of simple equations to make thousands of fake transaction numbers, dates and time stamps appear realistic on documents used to trick auditors, a jury was told in the trial of five of the con man’s former top aides.
Bernard Madoff added the son of a “key” executive to his payroll even though he didn’t work there, a jury was told in the trial of five ex-employees accused of aiding the con man’s $17 billion Ponzi scheme.
JPMorgan Chase & Co., which agreed to pay $2.6 billion to resolve criminal and civil allegations it facilitated Bernard Madoff’s Ponzi scheme, “failed miserably” as a financial institution, Manhattan U.S. Attorney Preet Bharara said.
Merrill Lynch Pierce Fenner & Smith turns 100 today. At least, she would have been, if she was a standalone entity, and not a government rescued Too Big to Fail entity, forced into a shotgun wedding with Bank of America.
Getting people to pretend to earn money sounds like a job for Bernie Madoff. Stacey Asher sees it differently. She gets people to fake-earn (or fake-lose) money, and pay for the privilege, in a fantasy stock-picking league that benefits charities selected by the players.
Derek Anderson and Victor Kubicek, directors of "In God We Trust", discuss their movie about the secretary who aided the FBI and lead to the arrest of Bernie Madoff. Anderson and Kubicek talk with Bloomberg's Pimm Fox and Carol Massar on Bloomberg Radio's "Taking Stock" on December 11th.
Bernard Madoff’s ex-finance chief lied every day for 30 years and didn’t tell the truth even when pleading guilty to aiding the con man’s fraud, a defense lawyer said in the trial of five of the witness’s former colleagues.