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Tag: Investor


Researchers Suggest Banks Might Be Rigging Gold Prices

Gold has drawn glowing praise in the last six years or so, since the onset of the recent recession—and now, according to a duo of researchers, it ought to be the subject of a different kind of attention that calls into question the way its price is set.

Posted on Mar 5, 2014 READ MORE



niallkennedy (CC-BY)

Surging Foreclosures Benefit Home Investors

A sunken housing market has turned foreclosure auctions into feeding grounds for the vultures of American capitalism. Low prices mean plenty of available buildings to be bought, fixed up and sold at a profit. Meanwhile, suffering evictees are nowhere to be seen, except for the rare occasions when they show up to protest or bid on the homes themselves.

Posted on Jan 14, 2012 READ MORE



Flickr / antiparticle

No Year-End Bonuses for Goldman Sachs Execs

Goldman Sachs has had a record year in terms of employee earnings—The Wall Street Journal says Goldman’s 31,000 worker bees brought in an average of more than $700,000 each in 2009—and that would be better news for the firm if it hadn’t been on the receiving end of major federal funding from last year’s bailout.

Posted on Dec 10, 2009 READ MORE


B of A
ceoworld.biz

SEC Fines B of A $33M for Bonus Bust

It’s baffling how $33 million can seem like a relatively small sum lately, but given that it’s all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A’s acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking.

Posted on Aug 3, 2009 READ MORE


Smash-Me Bernie
minimemodelworks.com

Madoff Investors Under Investigation

File under “honor among thieves?” A group of prominent investors in Bernard Madoff’s failed financial enterprise are being investigated by the U.S. attorney’s office in New York City for allegedly playing Madoff’s fraudulent system to their advantage.

Posted on May 18, 2009 READ MORE


Soros
bloggernews.net

Soros Laughing All the Way to the Bank

Not many big hitters from the financial sector have managed to stay afloat, let alone turn a profit, since the economic crisis kicked in, but George Soros has done quite well for himself. Soros made $1.1 billion last year, and he’s not even at the top of the list of hedge fund managers who beat the odds in 2008.

Posted on Mar 26, 2009 READ MORE


Smash-Me Bernie
minimemodelworks.com

Madoff’s Businesses Worth $10M, Tops

Although $10 million is a lot of money, it’s not much compared with $50 billion in lost investments. The $10 million figure represents the upper limit of the current value of Bernard Madoff’s businesses, which Madoff had valued at $826 million before his proverbial fall. It doesn’t look good for his defrauded investors’ chances of reclaiming much of their missing funds.

Posted on Mar 16, 2009 READ MORE


Madoff pleads guilty
AP Photo/ Louis Lanzano

Madoff: ‘Deeply Sorry,’ ‘Ashamed,’ Guilty

The country’s most notorious scam artist, Bernard Madoff, pleaded guilty on Thursday to fleecing thousands of investors out of as much as $65 billion at the New York District Courthouse, where several of his defrauded clients turned up to hear him speak.

Posted on Mar 12, 2009 READ MORE


Madoff
AP photo / Louis Lanzano

Madoff to Plead Guilty

It’s not as though he has many other options, but alleged fraudster Bernie Madoff is preparing to plead guilty on Thursday to swindling thousands of clients out of as much as $50 billion in investments.

Posted on Mar 10, 2009 READ MORE


Bacon
seemoresplayhouse.com

Six Degrees of Bernard Madoff

Not that anyone else who suffered losses at the hands of failed financier Bernard Madoff is any less important, but it turns out that actor Kevin Bacon is one member of the vast network of investors in Madoff’s collapsed company, along with famed pitcher Sandy Koufax.

Posted on Feb 5, 2009 READ MORE


Madoff
AP photo / Jason DeCrow

An Insanity Plea for Madoff?

It might seem a stretch, but fallen financier Bernard Madoff’s legal team may be “exploring an insanity defense,” according to the New York Daily News.

Posted on Dec 28, 2008 READ MORE


Madoff Investor Found Dead in N.Y.

The co-founder of one of Bernard Madoff’s biggest corporate clients, Access International Advisers, was found dead of an apparent suicide on Tuesday morning in his New York office.

Posted on Dec 23, 2008 READ MORE


Horlick
epws-shanghai.org

Wealthy Investors Lose Fortunes in Wall Street Scam

Although the full extent of the damage from broker Bernard Madoff’s alleged super-swindle has yet to be determined, it’s clear by now that the collapse of his vast pyramid scheme may spell utter disaster for several of his top investors—some of whom might not know yet that they’re broke.

Posted on Dec 13, 2008 READ MORE


Madoff
streetinsider.com

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


Wall Street subway sign
Flickr / epicharmus

Markets Brace for More Turbulence After Monday’s Drops

President Bush and Treasury Secretary Henry M. Paulson Jr. attempted to head off mounting market woes and investor freak-outs at the pass on Monday as Wall Street suffered its worst losses since right after the Sept. 11, 2001, terrorist attacks.

Posted on Sep 15, 2008 READ MORE


Greenspan
broadcatching.wordpress.com

Greenspan Talks Recession as Oil Prices Soar

Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude.

Posted on Jun 24, 2008 READ MORE


roller coaster
flickr.com/photos

And God Said, ‘Let There Be Roller Coasters’

Imagine if you could learn about the Great Flood, or experience a high-tech interpretation of heaven and hell (Disney’s goofy infernal montage, complete with pop-up demons, from “Mr. Toad’s Wild Ride” notwithstanding), by plummeting down a hair-raising roller coaster ride. Not your idea of a good time?

Posted on Jun 6, 2008 READ MORE


Google CFO Says Growth Is Slowing

The 800-pound gorilla’s rampage has started to slow down a bit, as evidenced by the chief financial officer’s admission that the search company will have to find new ways to boost revenue.
Related: Check out Truthdig’s eye-opening report on Google’s grasp of the intimate details of your life.

Posted on Feb 28, 2006 READ MORE


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