rejected Westgate Capital Management LLC founder James Nicholson's request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run by Bernard Madoff .
trouble, if you remember, with the Bernie Madoff debacle. [Banco Santander agreed ..... claims by the trustee liquidating Madoff 's brokerage firm. The bank had ..... billion of its clients' money with Madoff .] So, they also were affected
of getting regulators to act. Harry Markopolos tried for years, without success, to get the SEC to shut down Bernie Madoff ’s Ponzi scheme. And, as documented in his book, “Fooling Some of the People All of the Time,” David Einhorn
(Adds background about civil claims against Andrew Madoff , his illness and his father's fraud; statement from the trustee recovering money for victims; byline)
NEW YORK, Sept 3 (Reuters) - Andrew Madoff , the son of convicted fraudster Bernard Madoff , died on Wednesday from cancer, his lawyer said.
Although the firm made it through the financial crisis in fair shape, we're concerned that issues like the London Whale, Madoff investments, foreign exchange manipulation, and others demonstrate that there are still pockets of more reckless corporate
June 30 (Reuters) - Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear...
the air pollution it produces ]. Pg 37: In an essay, David Rocker criticizes the SEC . What did it do when Enron, Bernie Madoff , Allen Stanford were brought to its attention? Nothing. More recently, the SEC has been silent on Morgan Stanley
Financial [ AMBC ; pg 14]. Pg 28: Funds of hedge funds assets peaked in 2007. Then came the financial crisis and the Madoff scandal. But the business is stabilizing and this year there may be inflows. They are not cheap and may charge 1.0
One of our local (Colorado) radio talk show host and an ex-congressman invested with some company that invested with Madoff . So they lost some of their savings. That is a scary scenario to be in. Thanks in advance. A