Bernard Madoff
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Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
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Ponzi Scheme Mastermind, Sentenced To 150 Years, Dies In US Prison
Bernard L. Madoff, who died April 14 at 82, was the mastermind of perhaps the largest Ponzi scheme in history, a reviled symbol of Wall Street greed and, once, one of the most sought-after stockbrokers in high finance.
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Decades-long ties to Madoff cost JPMorgan $2.6 billion
Even as the bank cut its exposure to Madoff's fund to minimize its losses it what ended up being a $17.3 billion Ponzi scheme, JPMorgan never shared its doubts with U.S. authorities, government prosecutors said.
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JPMorgan to pay $1.7 billion to settle Madoff case
JPMorgan Chase & Co will pay a $1.7-billion penalty to settle charges by US federal authorities that the bank failed to report suspicious activity involving Bernard Madoff's Ponzi scheme.
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Investors may lobby JPMorgan to clip Dimon's wings if vote fails
At the largest US bank's annual meeting in two weeks, shareholders will be able to vote on a non-binding proposal to separate the chairman and CEO roles.
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Wall Street dips on renewed euro zone worries
US stocks fell on Wednesday, after a robust rally a day earlier, as limp demand at an Italian debt auction sparked concerns over the financial health of the euro zone.
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Madoff's eldest son Mark found dead in suicide
Mark Madoff, the older of Bernard L. Madoff's two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world."Mark Madoff took his own life today," Martin Flumenbaum, the man's lawyer, said in a statemen...
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Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
-
Ponzi Scheme Mastermind, Sentenced To 150 Years, Dies In US Prison
Bernard L. Madoff, who died April 14 at 82, was the mastermind of perhaps the largest Ponzi scheme in history, a reviled symbol of Wall Street greed and, once, one of the most sought-after stockbrokers in high finance.
-
Decades-long ties to Madoff cost JPMorgan $2.6 billion
Even as the bank cut its exposure to Madoff's fund to minimize its losses it what ended up being a $17.3 billion Ponzi scheme, JPMorgan never shared its doubts with U.S. authorities, government prosecutors said.
-
JPMorgan to pay $1.7 billion to settle Madoff case
JPMorgan Chase & Co will pay a $1.7-billion penalty to settle charges by US federal authorities that the bank failed to report suspicious activity involving Bernard Madoff's Ponzi scheme.
-
Investors may lobby JPMorgan to clip Dimon's wings if vote fails
At the largest US bank's annual meeting in two weeks, shareholders will be able to vote on a non-binding proposal to separate the chairman and CEO roles.
-
Wall Street dips on renewed euro zone worries
US stocks fell on Wednesday, after a robust rally a day earlier, as limp demand at an Italian debt auction sparked concerns over the financial health of the euro zone.
-
Madoff's eldest son Mark found dead in suicide
Mark Madoff, the older of Bernard L. Madoff's two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world."Mark Madoff took his own life today," Martin Flumenbaum, the man's lawyer, said in a statemen...
