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September 20, 2014
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Tag: Bernie Madoff


Bill Selak (CC BY 2.0)

Justice? JPMorgan to Pay $2 Billion to Make Madoff Case Go Away

Notably, none of the bankers who recognized that JPMorgan was profiting from handling Bernie Madoff’s Ponzi scheme will face charges. Welcome to justice, Wall Street style.

Posted on Jan 6, 2014 READ MORE



Fortune Live Media (CC BY-ND 2.0)

Is JPMorgan Chase About to Buy Its Way Out of Another Prosecution?

On the heels of an anticipated $13 billion fine to make its responsibility go away in the mortgage meltdown, the storied bank reportedly is in talks for a “deferred prosecution agreement” over its handling of some of Bernie Madoff’s Ponzi money. Short version: Pay a fine, and the bank avoids criminal charges. So in addition to being “too big to fail,” now we have “too big to be guilty.”

Posted on Oct 24, 2013 READ MORE



YouTube/BarackObamadotcom

How Many Wall Street Execs Has Obama Sent to Jail? (Video)

Hint: If you read between the lines of the Obama team’s latest hit on Mitt Romney, you’ll find it’s less than one, and greater than any negative number.

Posted on Oct 11, 2012 READ MORE



The Smoking Gun via Wikimedia Commons

Former Billionaire Sentenced for Huge Ponzi Scheme

R. Allen Stanford is perhaps not as well known as Bernie Madoff, but the two men have one thing in common—both received long sentences for their roles in separately orchestrating two of the largest Ponzi schemes ever.

Posted on Jun 14, 2012 READ MORE



nataliej (CC-BY)

Why No One Would Listen

What’s worse: to be persecuted and indicted for trying to expose an act of wrongdoing? Or—like so many in the corporate and financial world—to be ignored for doing so?

Posted on Mar 7, 2012 READ MORE


Madoff pleads guilty
AP / Louis Lanzano

JPMorgan Chase Execs Doubted Madoff Before the Fall

It appears that some higher-ups at JPMorgan Chase were on to fraudster Bernie Madoff nearly two years before the catastrophic implosion of his Ponzi scheme, but said execs didn’t take this knowledge as reason enough to stop doing business with him.

Posted on Feb 3, 2011 READ MORE


Madoff
AP / Louis Lanzano

Billions More for Madoff Victims

The cash pot available to compensate victims of Bernie Madoff’s massive Ponzi scheme has grown by $7.2 billion after a settlement was reached with the estate of a Palm Beach client of the Wall Street shyster.

Posted on Dec 17, 2010 READ MORE


Madoff affair book
gawker.com

Nobody Wants to Read About Bernie Madoff’s Steamy Affair

Disgraced former Wall Street baron Bernard Madoff might have made millions swindling others for profit during his heyday, but he doesn’t seem to have made much of a literary cottage industry for writers presumably looking to cash in on his downfall. Not even the “I-was-Bernie’s-mistress” angle is tempting book buyers at this point.

Posted on Sep 3, 2009 READ MORE


Met
newyorkstatesearch.com

New York Arts Institutions in Jeopardy

The economic downturn has been rough on countless industries, and arts organizations in New York City that rely on endowment money to survive have been hit hard—not just, as City Journal’s James Panero points out, by the immediate effects of the meltdown felt round the world, but also by the “indirect effects” of how some of their funds have been managed.

Posted on Aug 4, 2009 READ MORE


ENTER_ALT_TEXT
AP photo / Louis Lanzano

150 Years in the Slammer for Madoff

Bernard Madoff, the man responsible for the biggest Ponzi scheme in human history, has been sentenced to 150 years in prison. The judge was unswayed by the “tormented state” Madoff now finds himself in after swindling $65 billion over a span of 20 years, which affected thousands of people, from Elie Wiesel and Sandy Koufax to small investors and retirees.

Posted on Jun 29, 2009 READ MORE


Yoo
Wikimedia Commons / YooTube

Yoo’s Views Make Philly News

The Philadelphia Inquirer, one of that city’s two major daily newspapers, is in the news itself these days after hiring controversial former Bush administration lawyer John Yoo as a monthly columnist.

Posted on May 19, 2009 READ MORE


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