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Top Broker Busted for $50B ‘Ponzi Scheme’

Here’s yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, was arrested this week after his sons turned him in for engineering an elaborate “Ponzi scheme.”

Posted on Dec 12, 2008 READ MORE


Palin Resuscitates Talking Points She Left Out in Alaska

Missing from Republican VP hopeful Sarah Palin’s speeches during her recent homecoming visit to Alaska were two talking points she had used in heavy rotation before, but they were back in her script once she returned to talk to “lower 48” audiences, which, as Fox News (!) points out, may not be familiar with the relevant back stories.

Posted on Sep 14, 2008 READ MORE


Finally, Brokers Get Sued for Selling Private Phone Records

Illinois becomes the first state to bring suit against companies that sell logs of private phone calls. | story

Posted on Jan 23, 2006 READ MORE


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