Convicted swindler Bernard Madoff , who is serving a 150-year prison term at a prison in Butner, North Carolina, won’t be attending the funeral of his elder son, Mark Madoff , who committed suicide Dec. 11, a lawyer said.
Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to acquire Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.
Bernard Madoff planned every detail of his firm’s demise in the days before he was arrested five years ago today to avoid being marched past his 200 employees in handcuffs, the con man’s former finance chief told a jury.
Kareem Serageldin, Credit Suisse Group AG’s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
Dozens of brokers from John Thomas Financial Inc., the downtown boiler room that closed after regulators accused founder Anatasios “Tommy” Belesis of fraud, have found new employers in New York’s financial district.
News Corp. Chairman Rupert Murdoch and his sons Lachlan and James were sued in Manhattan federal court by a shareholder who says the phone-hacking scandal damaged the company and who described their actions as “damning.”
Bank of America Corp. , the biggest U.S. bank by assets and deposits, delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes.
If Jerome Kerviel is convicted next week of causing Societe Generale SA ’s 4.9 billion-euro ($6.5 billion) loss, he won’t face the kind of sentences given to financial felons such as Bernard Madoff -- or even Nick Leeson .