Entries tagged "Bernard Madoff"

Will scandal deal blow to hedge fund recovery?

Ongoing reports of scandal in the hedge fund industry are giving investors 'general fatigue,' says senior analyst Denise Valentine of Aite Group.

More tales of ineptitude about the SEC

Hundreds of documents released Friday by the SEC 'portray an agency at times skeptical or dismissive of evidence' involved in the Madoff fraud.

BofA sued for '1,784 billion, trillion dollars'

Disgruntled BofA customer Dalton Chiscolm is trying take down the beleaguered institution all by himself, with a '1,784 billion, trillion dollar' lawsuit over poor customer service.

Madoff's beach house sells above asking price

Bernard Madoff's Montauk Long Island house sells for more than the asking price.

Madoff on how to outsmart the SEC

The Securities and Exchange Commission is facing yet another red-face moment over the Bernard Madoff case.

Madoff's sons, brother may face civil charges

Bernard Madoff's two sons and his brother, Peter Madoff, are reportedly going to be slapped with a civil suit by court appointed trustee Iriving Picard.

Finance Layoffs: UBP

Swiss fund-of-hedge-fund manager Union Bancaire Privee plans to cut 10% of its workforce this year due to a decline in assets under management.

Madoff cancer report untrue

Bernard Madoff is sure to bite the big one behind bars, but it will not be of the cancer the New York Post reported the convicted swindler is dying of.

Madoff's $7M yacht for sale

Now known as the creme de la creme of 'Madoff memorabilia,' the swindler's prized $7 million superyacht, the Bull, has been put up for sale.

Madoff associate DiPascali behind bars

Despite Frank DiPascali's plea-bargain involving his role as Bernie Madoff's long-time right-hand man, a judge is sending him to jail until sentencing next year.

Madoff's No. 2 is going down

It appears that a reunion between Bernie Madoff and his No. 2 for 33 years, Frank DiPascali, will have to happen behind bars.

Feeder funds groan as Madoff spills his guts

Now that's he's behind bars, Bernard Madoff is apparently starting to spill his guts about his Ponzi scheme; and his revelations mean more headaches for everyone involved.

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