News

JPMorgan chief says virtual currency faces major regulatory hurdles

Prosecutors charge Madoff's accountant with fraud

Bernard Madoff's longtime accountant was arrested on fraud charges today and accused of helping the disgraced money manager cheat thousands of investors out of billions of dollars in the past two decades.

Stephen Foley: Prosecutors come after Ruth Madoff's millions

It was all very gallant of Bernard Madoff to try to protect his wife from the US authorities bent on reducing her to penury, but the net is closing in.

Dominic Lawson: You can try to make people say sorry, but does it do any good?

Those wanting Brown to apologise have no intention of forgiving him

Sarah Sands: Madoff has the sociopathic composure of a Shipman

A criterion of being a sociopath is composure. Bernard Madoff, jailed last week for the greatest personal financial fraud in history, did not look ghastly and his apology to his former clients carried no explanation. He has borne the waves of hysterical loathing calmly.

Deborah Orr: Apologies change nothing

Unlike a huge list of others – from Prime Minister Gordon Brown to Haringey social services head Sharon Shoesmith, from disgraced banker Fred Goodwin to child-killer Sean Mercer – Bernard Madoff has at least apologised. "I'm deeply sorry and ashamed for my crimes," he said after pleading guilty to the biggest fraud in history this week. "I am painfully aware that I have hurt many people."

Madoff admits blockbuster fraud

Bernard Madoff pleaded guilty today to charges he orchestrated the biggest financial swindle in Wall Street history, cheating investors out of billions of dollars in a fraud that shocked the public and drew demands for stricter regulations.

Sean O'Grady: When it seems too good to be true...

How did Madoff's victims ever allow themselves to be taken in?

Madoff expected to plead guilty to fraud charges

Bernard Madoff, accused of masterminding a $50 billion financial fraud, is expected to plead guilty tomorrow to 11 criminal charges that could put him in jail for the rest of his life.

Major City frauds uncovered by police

Detectives and SFO reveal inquiry into big 'Ponzi' scheme and several 'mini-Madoffs'

Market Report: Man tumbles on concern over redemptions

The prospect of yet more pain for hedge funds unsettled Man, the London-based fund group, which traded lower as the London market came off the rally path.

Nomura seeks ¥302bn in new capital to shore up balance sheet

Nomura, Japan’s biggest brokerage, has announced plans to raise up to ¥302bn (£2.19bn) in new capital to shore up a balance sheet weakened by losses from the financial turmoil.

Richard Ingrams's Week: Don’t bring God into it – we have enough worries

“Now stop worrying” is the message of the crusading atheists who have paid to have the rather half-hearted slogan “There’s probably no God” plastered all over a lot of our buses.

Madoff: No investments for clients in 13 years

Bernard Madoff, the Wall Street grandee whose confession of a $50bn (£35bn) pyramid scheme prompted a new crackdown on fraud in the US, had not made a single investment on behalf of his clients in at least 13 years, it was revealed yesterday.

Stephen Foley: The returns seemed too good to be true – and they were

The charges laid against Sir Allen Stanford inevitably invite comparisons with Bernard Madoff, the Wall Street swindler who turned himself in last December. Both men claimed to have found a miracle-grow formula for investing, able to return double-digit percentage profits, year in, year out – but were vague when anyone dared ask how. Even the headline numbers coincide: both Madoff and Stanford claimed to be managing about $50bn (£35bn) in customers’ assets. Both men were faking it, it is now alleged.

Charged with fraud, man who bankrolled cricket

US police raid Sir Allen Stanford’s offices as depositors pull money from Antigua bank
Voices
Mosul dam was retaken with the help of the US
voicesRobert Fisk: Barack Obama is following the jihadists’ script
Arts and Entertainment
Loaded weapon: drugs have surprise side effects for Scarlett Johansson in Luc Besson’s ‘Lucy’
filmReview: Lucy, Luc Besson's complex thriller
News
A cleaner prepares the red carpet for the opening night during the 59th International Cannes Film Festival May 17, 2006 in Cannes, France.
newsPowerful vacuum cleaners to be banned under EU regulations
News
people
News
A polar bear’s diet is rich in seal blubber and half of its own body weight is composed of fat
i100
News
London is the most expensive city in Europe for cultural activities such as ballet
arts
Travel
Flocking round: Beyoncé, Madame Tussauds' latest waxwork, looking fierce in the park
travelIn a digital age when we have more access than ever to the stars, why are waxworks still pulling in crowds?
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape