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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Bernard Madoff

Bernard Madoff stories: 237 news summaries

221 - 237 of 237 Stories | << Prev 1 ... 8 9 10 11 12

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OPINION

Madoff Scheme Not Much Worse Than Legal Ones

End of communism
let Wall Street become unhinged: Friedman

Dec 17, 08 10:30 AM CST
(Newser) - Wall Street used to be the epicenter of capitalism that the whole world wanted to emulate, but, on a trip to Hong Kong, Thomas Friedman discovers that the American financial establishment has lost its credibility. "We don’t just need a financial bailout," he writes in the New ... More »

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China • ethics • Wall Street • communism • Asia • subprime mortgages • Hong Kong • capitalism • Chinese economy • Thomas Friedman • Ponzi scheme • financial crisis • Bernard Madoff

Middlemen
Lose Billions in Madoff Fraud

Hedge funds that sold access to Ponzi
scheme face collapse

Dec 17, 08 8:41 AM CST
(Newser) - Last week Walter Noel was a successful hedge fund manager, with houses from Connecticut to the Caribbean and an adulatory photo shoot in Vanity Fair. But overnight, when Bernie Madoff's giant Ponzi scheme was exposed, his $14.1 billion firm, Fairfield Greenwich Group, lost more than half its assets. While... More »

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fraud • hedge fund • Ponzi scheme • defrauding investors • hedge funds • Bernard Madoff

Ex SEC Official's Marriage to Madoff Niece Investigated

Fraudster bragged of family ties to SEC

Dec 17, 08 5:15 AM CST
(Newser) - An SEC official dated and later married the niece of confessed fraudster Bernard Madoff, and the agency is investigating the link, reports the Wall Street Journal. Eric Swanson, an SEC director of compliance who left the agency, married Shana Madoff, a compliance lawyer at Madoff's firm, last year, but began... More »

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SEC • Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff

SEC Chief
Says His Staff Ignored Madoff Warnings

Cox calls actions 'deeply troubling'

Dec 16, 08 7:51 PM CST
(Newser) - SEC chief Christopher Cox blasted his own agency's failure to detect Bernard Madoff's massive investment-fraud scheme, the Wall Street Journal reports. Cox called it "deeply troubling" that SEC investigators had ignored "credible and specific allegations" dating back to at least 1999. He called on the SEC's inspector general... More »

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Wall Street • SEC • Christopher Cox • Ponzi scheme • defrauding investors • Bernard Madoff

Madoff Victims May Be Able
to Sue Middlemen


Feeder funds could be headed to court

Dec 16, 08 11:45 AM CST
(Newser) - Bernie Madoff victims searching for avenues to recover their money will find their legal options depend on whether they invested directly with Madoff, Time reports, or though middlemen. Those who worked directly with Madoff will have up to $500,000 covered by the federal Securities Investor Protection Corporation. But... More »

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lawsuit • Ponzi scheme • defrauding investors • hedge funds • Bernard Madoff

SEC Under Fire for Flubbing Madoff Warnings

Judge liquidates confessed fraudster's investment firm

Dec 16, 08 10:09 AM CST
(Newser) - The SEC is coming under fire for failing to spot what may be the biggest securities fraud in history, the Washington Post reports. The regulator received repeated warnings from 1999 onwards that Bernard Madoff's investment fund was fishy, but failed to conduct even a routine examination until Madoff blew the... More »

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SEC • hedge fund • Ponzi scheme • auditor • securities fraud • defrauding investors • Bernard Madoff

Vast Madoff Options Scheme Didn't Add Up

SEC unfurls $50B scam that should have been obvious

Dec 16, 08 8:59 AM CST
(Newser) - For every detail that emerges from the 17th-floor office of Bernard Madoff, two more inconsistencies arise. A federal judge ordered the liquidation of Madoff’s eponymous investment firm and a federal agency has begun to try to compensate clients. Meanwhile, scrutiny of clients'  financial statements shows Madoff's stated strategy of... More »

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private equity • trading • stock options • defrauding investors • hedge funds • Bernard Madoff

MARKETS

 Financials Push Dow Off 65 

US industrial output falls for November

Dec 15, 08 3:24 PM CST
(Newser) - Stocks lost value today as investors await tomorrow’s meeting of the Federal Reserve’s interest-rate committee, and digested various bits of bad news on financial firms and manufacturing, MarketWatch reports. The Dow fell 65.15 to 8,564.53. The Nasdaq lost 32.38, closing at 1,508.34,... More »

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Bank of America • Dow Jones • Nasdaq • manufacturing • S&P 500 • FOMC • JPMorgan Chase • financial crisis • Bernard Madoff

Madoff Scam Puts Ponzi Back on Front Page

'At least conceptually, he was democratizing wealth': biographer

Dec 15, 08 2:30 PM CST
(Newser) - By now, we’ve all heard Bernard Madoff’s tremendous fraud operation described as a “Ponzi scheme”—which moved the New York Times to revisit history’s famous schemer. Whereas Madoff purported to trade stocks, Charles Ponzi’s con revolved around selling international stamps with outdated exchange rates.... More »

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Ponzi scheme • Bernard Madoff

More Banks, Celebs Losers
in Madoff Scam

BNP Paribas, RBS join charities of Spielberg, Wiesel as Ponzi victims

Dec 15, 08 10:20 AM CST
(Newser) - Bernard Madoff’s alleged Ponzi scheme, which federal investigators say cost investors $50 billion, continues to claim more victims, reports the Wall Street Journal. Spain’s Grupo Santander and France’s BNP Paribas said yesterday they’re on the list, as are charities involving Nobel laureate Elie Wiesel and director... More »

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Steven Spielberg • Royal Bank of Scotland • UBS • SEC • BNP Paribas • HSBC • Banco Santander • Ponzi scheme • securities fraud • Mortimer Zuckerman • Nomura Holdings • Frank Lautenberg • Bernard Madoff • Elie Wiesel

Madoff Scam Soaks Jewish Charities

His Wall Street
fraud will wipe out philanthropic groups

Dec 13, 08 12:08 PM CST
(Newser) - Rich investors and hedge funds aren’t the only ones losing their shirts in Bernie Madoff’s Ponzi scheme. Madoff was a giant in the small world of Jewish philanthropy, running millions for a variety of charitable organizations, the Washington Post reports. Deborah Coltin, for example, woke up yesterday... More »

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philanthropy • charity • Ponzi scheme • Jewish • Bernard Madoff

 Red Flags Didn't Stop 
 Colossal Madoff Fraud 

Steady returns, tiny auditors prompted questions

Dec 13, 08 10:58 AM CST
(Newser) - Bernard Madoff's investment operation—found this week to be a massive Ponzi scheme that lost as much as $50 billion—raised plenty of red flags over the last decade, the Wall Street Journal reports. As far back as 1999, Madoff’s steady returns in wide-ranging markets seemed unrealistic to some... More »

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Wall Street • SEC • hedge fund • Ponzi scheme • auditor • securities fraud • defrauding investors • Bernard Madoff

Big Names Bilked in $50B
Madoff Fraud

Swindler was money manager of choice in elite circles

Dec 13, 08 5:59 AM CST
(Newser) - Some of America's wealthiest people are finding themselves a lot poorer in the wake of the Bernard Madoff fund scandal, the Wall Street Journal reports. Madoff strived to become known as the investor of choice in elite circles, and counted New York Mets owner Fred Wilpon and GMAC chairman Ezra... More »

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Wall Street • fraud • hedge fund • Ponzi scheme • defrauding investors • Bernard Madoff

MARKETS

 Dow Creeps Up 64  


Dec 12, 08 3:37 PM CST
(Newser) - Stocks were up modestly today as investors balanced continued uncertainty over a Detroit bailout and a longtime Wall Street hand’s arrest with cautious optimism that the market may finally have stabilized, the Wall Street Journal reports. Money manager Bernard Madoff was accused today of a $50 billion swindle,... More »

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Congress • Wall Street • auto industry • Target • bailout • Dow Industrial • Bernard Madoff

Madoff Fraud Will Hit Hedge Funds Hard

$50B Ponzi scheme will stagger funds, send investors to exits

Dec 12, 08 10:20 AM CST
(Newser) - Even as hedge funds face their worst yearly returns ever, they may take another collective $10 billion hit on money invested in Bernard Madoff’s namesake firm, which was revealed to be a giant Ponzi scheme yesterday, Bloomberg reports. Madoff was arrested and charged with fraud after admitting that his... More »

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private equity • Ponzi scheme • defrauding investors • hedge funds • financial meltdown • Bernard Madoff

MARKET Open

 Stocks Plunge on Auto News 

Madoff doesn't help either

Dec 12, 08 8:45 AM CST
(Newser) - Stocks went sky-diving this morning in the wake of the Senate’s scuttling of the auto bailout and the massive fraud case against a former NASDAQ chairman. The Dow dropped 200 points, accompanied by 2.5% and 1.8% drops in the S&P and Nasdaq, respectively. The auto news... More »

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Nasdaq • Dow • auto industry • S&P 500 • bailout • Bernard Madoff

Top Broker Collared for Running $50B Ponzi Scheme

FBI arrests Bernard Madoff; SEC on trail

Dec 11, 08 8:28 PM CST
(Newser) - The FBI has arrested a giant among Wall Street brokers and charged him with bilking his investors of up to $50 billion, the Wall Street Journal reports. Federal agents busted Bernard L. Madoff, a former NASDAQ chaiman, after he admitted to employees that his investment advisory business was a "... More »

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Wall Street • FBI • NASDAQ • corruption • SEC • Ponzi scheme • defrauding investors • Bernard Madoff

221 - 237 of 237 Stories | << Prev 1 ... 8 9 10 11 12


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