The decade that brought us the Enron scandal, the Madoff scandal, the subprime scandal, the Stanford scandal and the great bailout scandal has just two months to run and we have another scandal, the Rajaratnam scandal.
Wednesday, 14 Oct 2009 | Posted By:
Mary Thompson | Source: CNBC.com
Two former investors are suing the Securities and Exchange Commission for $2.4 billion in damages, claiming the agency acted with negligence while examining Bernard Madoff's investment business.
Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.
One big investor in Bernard L. Madoff’s Ponzi scheme was having trouble getting his money back from Mr. Madoff at least as early as September 2003, according to a court filing on Thursday by the trustee liquidating the Madoff assets.
The internal watchdog at the Securities and Exchange Commission is recommending dozens of reforms at the agency following its failure to detect the Madoff Ponzi scheme.
Irving H. Picard, the court-appointed trustee hunting down any remaining spoils of Bernard L. Madoff’s giant Ponzi scheme, plans to sue Mr. Madoff’s two sons, his niece and his brother this week, seeking the return of $198 million.
Tuesday, 22 Sep 2009 | Source: The Associated Press
Federal prosecutors in New York say a review of most customer accounts show that about half of the customers jailed financier Bernard Madoff had when his business shut down had not lost money.
Convicted swindler Bernard Madoff knew how to deal with pesky Securities and Exchange Commission investigators, and in a 2005 phone conversation caught on tape and obtained by CNBC, he tells associates his secret.
The largest Madoff feeder fund has agreed to a settlement with the Massachusetts Secretary of State, who told CNBC he hopes it becomes a model for future agreements with Madoff-related funds.
Wednesday, 2 Sep 2009 | Source: The Associated Press
The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.
Monday, 31 Aug 2009 | Posted By:
Scott Cohn | Source: CNBC.com
Securities and Exchange Commission Inspector General David Kotz has issued his long-awaited report on how the agency missed the Bernard Madoff Ponzi scheme.
Sunday, 16 Aug 2009 | Source: The Associated Press
Massachusetts Secretary of State William Galvin's office has rejected a proposed settlement by an investment firm to repay nearly $6 million to state investors who lost money in Bernard Madoff's fraudulent investment scheme.
People came from near and far to bid on Bernie Madoff's things—and they paid a premium for a little piece of this dark chapter of US history... Read More