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Silicon Alley Insider tipped me off to a woman who has been updating her Twitter profile during a bank robbery this morning in the Big Apple.
Attorneys for indicted billionaire Allen Stanford are taking their case to an appellate court, after a federal judge late on Friday again refused to release Stanford on bail.
The final tally of claims from victims of Bernard L. Madoff’s vast Ponzi scheme comes to more than 15,400, substantially higher than the 8,800 claims that had been filed by the first of June.
Securities and Exchange Commission staffers are denying they "stood down" in their investigation of accused fraudster Allen Stanford, according to a Congressman who attended a closed-door briefing on the case this morning.
Secrets from deep inside Goldman Sachs may soon flood the Street. The supposedly secure computer system used by the firm has been compromised.
A former Austrian fund manager is being investigated by prosecutors who believe she was paid more than $40 million to channel billions of dollars of investments to Bernard Madoff, the Wall Street Journal reported.
The attorney for Stanford Chief Financial Officer James Davis says his client will plead guilty to the three criminal counts he faces in the alleged Ponzi scheme.
Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.
People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.
The 150-year prison sentence issued to swindler Bernard Madoff Monday will send a strong signal to other potential perpetrators of fraud and to the financial markets in general, the White House said in a statement Monday.
So Bernie Madoff was sentenced to 150 years in the slammer today. He also delivered one of his now-patented non-repentant repentance speeches in the courtroom. Oh, by the way, his wife Ruth also issued a statement, and she threw him under the bus.
After Bernard Madoff was sentenced to the maximum 150 years Monday, his wife Ruth broke her silence and delivered a statement. Following is a copy of her remarks.
Bernard Madoff's victims are warring over funds from the government-chartered agency that insures brokerage customers, The New York Times reports.
A federal magistrate in Houston has agreed to release indicted billionaire Allen Stanford on bond, but the release has been delayed while prosecutors appeal the ruling.
Billionaire R. Allen Stanford, who faces charges of fraud and conspiracy on allegations he swindled investors out of $8 billion in an elaborate Ponzi scheme, pleaded not guilty Thursday. The detention hearing will begin shortly.
Bernard Madoff's attorney this week told the judge that a 12-year sentence would be appropriate for the man who destroyed the livelihoods of so many. Madoff faces a maximum sentence of 150 years. Now "Fake Bernie" wants you to have a say.
Allen Stanford is back in his home state of Texas and is being held at a federal detention facility in Conroe, Texas, about 40 miles north of Houston, according to his attorney.
Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff’s long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.
Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.
Amazon announced a new Kindle today, only three months after Kindle 2 came out, and I am furious. Three months?