Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.
Former Enron CEO Jeffrey Skilling, whose 2006 convictions were upheld by a three-judge appelate panel earlier this month, is appealing that decision to the full Fifth Circuit Court of Appeals.
The New York Times asks whether Ruth Madoff knew of her husband's scheme.
Earlier this week, a reader of my India market newsletter asked if I could analyze Satyam Computer Services. I prepared these notes based on the weekly and the daily chart. On Thursday morning, I returned from Beijing to find the same stock was front page news. These are the notes prepared three days before the breaking news.
In these turbulent times, how can investors navigate their way through the global markets? Is it possible to chart your way through recessionary waters or can you rely on basic fundamental analysis? We ask two experts for their takes on this.
The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
A U.S. appeals court upheld the 19 felony convictions of former Enron President and Chief Executive Jeffrey Skilling but said he must be resentenced.
More than 8,000 forms have been mailed to customers of accused swindler Bernard Madoff so they can make claims by March or July for any money they may have lost, the trustee overseeing the liquidation of Madoff's firm said on Monday.
The victims of Bernard L. Madoff's fraud includes no small number of boldface names and institutional investors. But a number of average-Joe investors have discovered that they, too, had money invested with Madoff. Portfolio.com has one man's story.
The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.
U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.
Along with predictions, the approach of a new year also compels us journalist-types to compile Top 10 lists. This year, Warren Buffett Watch presents the ten most popular posts from 2008, as measured by your clicks.
Eric Swanson received a startling call last Thursday from his wife, Shana D. Madoff, who said that something was terribly wrong. Officials from the Securities and Exchange Commission and the Justice Department had swooped down on the offices of Madoff Investment Securities, where Ms. Madoff was the compliance lawyer, seizing records and asking pointed questions as they began investigating one of the largest frauds in Wall Street history.
The former chief executive of General Re was sentenced today to two years in prison and fined $200,000 by a federal judge in Hartford, Connecticut. 66-year-old Ronald Ferguson was convicted in February of participating in a secret scheme with other Gen Re executives and an AIG official to make AIG's financial picture look better than it really was back in 2000 and 2001. General Re is a subsidiary of Warren Buffett's Berkshire Hathaway. AIG was Gen Re's client at the time.
Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.
Find out why hedge fund manager Karen Finerman thinks the alleged Madoff Ponzi scam could have severe consequences for a long time to come!
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
Bernard Madoff said he only had about 25 clients but the list of potential victims of what prosecutors say was a $50 billion Ponzi scheme may actually be in the hundreds—or thousands.