Entries tagged "scandel"
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.
The disgraced financier goes before the judge today to receive his prison sentence, which could reach 150-years.
The wife of the alleged fraudster, Ruth Madoff, withdrew $5.5 million on Nov. 25 and another $10 million on Dec. 10, the day before her husband's arrest.
It is not just financial dealmakers feeling the pain following the exposure of Bernard Madoff's alleged $50 billion Ponzi scheme, but many charities also counted on the largess of Madoff's returns and therefore are finding themselves big losers at a time when a recession is already sapping their fundraising ability. ...
Hedge fund manager Bernard Madoff's alleged $50 billion Ponzi scheme reportedly fooled a veritable who's who of the dealmaking community. The numbers aren't in on exactly who lost how much money, but the names of victims that have surfaced is growing, and The Associated Press says it could reach the thousands. Here's a look at some of those dealmaking victims that Henry Blodget at Clusterstock and the Financial Times uncovered:...
