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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: investment fund

investment fund stories: 7 news summaries

 Trustee Sues 
 Ruth Madoff 
 for $44M 

Bankruptcy trustee says fraudster's wife received more than she'll admit to

Jul 29, 09 4:14 PM CDT
(Newser) - The trustee in the Bernie Madoff case sued the swindler's wife today to demand the return of $44 million to bilked investors, Newsday reports. The complaint doesn't allege criminal activity by Ruth Madoff but says she directly received funds from her husband’s multi-billion-dollar Ponzi scheme. Ruth Madoff gave up... More »

MORE ABOUT:
fraud • lawsuit • Ponzi scheme • investment fund • defrauding investors • Bernard Madoff • Ruth Madoff

 Financial 'Pearl Harbor' 
 Is Past, Says Buffett 

Oracle confident as he prepares to be buffeted by shareholders

May 1, 09 2:05 PM CDT
(Newser) - The Oracle of Omaha still sees tough times ahead for the US economy, but he says he thinks the worst is in the past, CNCBC reports. “We’re at a war now to some degree, but Pearl Harbor was September,” Warren Buffett says. “There was a strike... More »

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investors • Warren Buffett • shareholders • recession • Berkshire Hathaway • investment fund • Oracle of Omaha • economic downturn • economic crisis

Google Launches $100M Venture Capital Fund

Investments will be in non-Internet fields

Mar 31, 09 5:35 AM CDT
(Newser) - Google will launch a venture capital fund next year with an initial capitalization of about $100 million, reports the Wall Street Journal. Unlike other corporate funds that back companies in their own industries, Google Ventures will look beyond the Internet to also invest in biotech, health care, and environmental technology.... More »

MORE ABOUT:
Google • Silicon Valley • venture capital • investment • investment fund

Ponzi Victims Will Be
Tax Nightmare for IRS

Service expects to refund $7-$10 billion in taxes paid on fake income

Mar 13, 09 12:06 PM CDT
(Newser) - The work of fraudsters such as Bernie Madoff and R. Allen Stanford will complicate the IRS’ job as tens of the thousands of victims attempt to reclaim taxes paid on income that went up in smoke, Time reports. The IRS estimates that refunds due victims to Madoff alone could total... More »

MORE ABOUT:
fraud • taxes • IRS • securities • Ponzi scheme • investment fund • tax refunds • Bill Maher Grid

 Investment Funds 
 May Replace 'Bad Bank' 

Administration eyes creation of private funds to suck up toxic debt

Mar 3, 09 4:50 AM CST
(Newser) - The Obama administration is considering creating multiple investment funds to buy up the toxic debts at the heart of the financial crisis, insiders tell the Wall Street Journal. No fixed structure has been agreed upon, but under one leading plan the funds would be administered by private investment managers who... More »

MORE ABOUT:
Treasury Department • credit crisis • investment fund • bailout • Obama administration • financial crisis • Wall Street bailout • bad bank • toxic assets • TALF

High-Profile Arts Patron Guilty of 12 Fraud Counts

Alberto Vilar cheated investors to pay debts, fund opera companies

Nov 20, 08 8:41 AM CST
(Newser) - Alberto Vilar, the investment banker and one of the world's most generous opera patrons, was convicted yesterday on 12 counts of fraud, Bloomberg reports. Vilar told investors that he was putting their money in safe, government-backed assets; in fact, he bought risky tech stocks on margin, which quickly tanked. Vilar... More »

MORE ABOUT:
philanthropy • fraud • investment bankers • Metropolitan Opera • white collar crime • investment fund • Alberto Vilar

Investors Uncork Wild Wine Prices

Internet, foreign funds make even second-tier wines pricier

Dec 30, 07 6:50 PM CST
(Newser) - Investors are uncorking a new area of speculation these days: fine wine. Thanks to the Internet, which has turned an elite hobby into a worldwide auction, prices are overflowing. Buyers can even throw money at vino investment funds and an electronic trading exchange based in London, which is up 39%... More »

MORE ABOUT:
China • Russia • wine • stocks • auction • luxury goods • investment fund

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