Investors Against Climate Change

Staff / Truthdig Sep 17, 2009 We normally think of capitalists as ravaging the Earth with profit in their eyes. While that still might be true, 181 of the world's largest investors have issued a united call for action against climate change, most importantly a binding treaty to cut pollution and boost funding for low-carbon technologies. Dig deeper ( 1 Min. Read )

SEC Fines B of A $33M for Bonus Bust

Staff / Truthdig Aug 4, 2009 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. Dig deeper ( 1 Min. Read )

Madoff Investors Under Investigation

Staff / Truthdig May 19, 2009 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. Dig deeper ( 1 Min. Read )

Soros Laughing All the Way to the Bank

Staff / Truthdig Mar 26, 2009 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. Dig deeper ( 1 Min. Read )

Madoff’s Businesses Worth $10M, Tops

Staff / Truthdig Mar 17, 2009 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. Dig deeper ( 1 Min. Read )

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

Staff / Truthdig Mar 13, 2009 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. Dig deeper ( 2 Min. Read )

Madoff to Plead Guilty

Staff / Truthdig Mar 11, 2009 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. Dig deeper ( 1 Min. Read )

Six Degrees of Bernard Madoff

Staff / Truthdig Feb 6, 2009 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. Dig deeper ( 1 Min. Read )

An Insanity Plea for Madoff?

Staff / Truthdig Dec 29, 2008 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. Dig deeper ( 1 Min. Read )

Madoff Investor Found Dead in N.Y.

Staff / Truthdig Dec 24, 2008 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. Dig deeper ( 1 Min. Read )

Wealthy Investors Lose Fortunes in Wall Street Scam

Staff / Truthdig Dec 14, 2008 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. Dig deeper ( 1 Min. Read )

Top Broker Busted for $50B ‘Ponzi Scheme’

Staff / Truthdig Dec 13, 2008 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." Dig deeper ( 1 Min. Read )