Bernie Madoff

Wall Street by JT20162016

SEC Under Scrutiny in Madoff Case

Senator: The SEC “Letting Down the American People” ABC NEWS By BRIAN ROSS and RICHARD ESPOSITO Dec. 15, 2008— As the list of victims continues to grow and investigators examine how Bernard Madoff allegedly ran his massive scam, some are questioning how Madoff avoided detection for so long. As a registered investment advisor since 2006, […]

Wall Street by JT2016

The 17th Floor, Where Wealth Went to Vanish

The 17th floor, where wealth went to vanish By Diana B. Henriques and Alex Berenson Monday, December 15, 2008 The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan. A busy stock-trading […]

Barack Obama by JT2016

Guess What? That Whole “Limit on Executive Pay” Thingy in Bailout is Bunk

Executive Pay Limits May Prove Toothless Loophole in Bailout Provision Leaves Enforcement in Doubt By Amit R. Paley Washington Post Staff Writer Monday, December 15, 2008; A01 Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation […]

Hedge Funds by JT2016

The Douchebag Who Conned The World

Stephen Foley (From New York) The Independant CHRIS COX Investors around the world are counting the spiralling cost of the biggest fraud in history, a $50bn scam that has ensnared billionaire businessmen and tiny charities alike and whose tentacles have stretched further and deeper than anyone imagined. The fallout from the arrest of the Wall […]

Obama by JT20162016

Bernie Madoff’s Son Mark Worked For New SEC Head

New SEC chief gave Bernard Madoff’s son a job Rosie Lavan TIMES ONLINE Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission (SEC), previously appointed one of Bernard Madoff’s sons to a regulatory body that oversees American securities firms. It has emerged that in 2001, Ms Schapiro, currently chief executive of the […]