News

JPMorgan chief says virtual currency faces major regulatory hurdles

Business Diary: HSBC cleans up its act at last

Good news from HSBC, which reports its annual results on Monday.

'Amish Madoff' accused of $33m fraud involving 2,600 investors

You don't need to drive a Porsche and jabber into a mobile telephone to commit a multimillion-dollar financial fraud. Just ask victims of Monroe Beachy, a 77-year-old Amish elder who has been accused of taking $33m from fellow members of his community in a Bernie Madoff-style Ponzi scheme.

From his jail cell, Madoff points finger at the banks

From his jail cell, the arch-swindler Bernard Madoff might finally be doing a little something to help the thousands of investors whom he bilked out of billions of dollars.

James Moore: Madoff is an unreliable witness – but a very convincing one

If contemplating his jail term and the suicide of his son have loosened his tongue, there may well be sleepless nights at some very grand institutions

Maryrose Fison: A fraudster warning is all very well, but useless if we can't understand it

Another week and yet another Ponzi scheme has come to light.

'British Madoff' took £14m from his investors – and lost the lot

To his clients, Terry Freeman had all the trappings of a multi-millionaire City trader with a reputation for risk-free currency investments. Along with holiday homes in Cyprus and France, his wealth had bought him a top-of-the-range Land Rover, an executive box at Tottenham Hotspur and a £120,000 ring for his third wife.

City trader admits setting up £14m 'ponzi' scheme

A City trader today admitted setting up a "ponzi" scheme in which more than 350 victims were defrauded of up to £14 million.

The City Diary: No more bets...

How are the chips falling in the world of high stakes casinos?

Business Diary: Pimco's rather gross analogy

As boss of Pimco – the world's largest investor in bonds – what Bill Gross says matters, so there is no shortage of listeners.

How Madoff's surviving son handles grief and scandal

The fiancée of Bernard Madoff's surviving son has provided a glimpse of life in the shadow of history's biggest fraud, revealing how Andrew Madoff has thrown himself into music and new business ventures as a whirlwind of recrimination continues to swirl around him.

Madoff victims win $7.2bn from fraud insider

The estate of Madoff insider Jeffry Picower settled civil claims of $7.2bn (£4.6bn) yesterday, significantly boosting the amount available to repay investors swindled in the epic fraud.

Putin uses phone-in to condemn his enemies

Vladimir Putin used a marathon televised phone-in session with the Russian people yesterday to rail against the jailed oligarch Mikhail Khodorkovsky, Russia's liberal opposition and the traitor who betrayed Russian spies in the US.

Emails reveal last moments before Madoff son's suicide

Bernard Madoff's elder son, who took his own life in his New York apartment at the weekend, had been driven to despair by the stain of his father's financial swindles and by the battering of lawsuits against him, the latest of which was filed in London last Thursday, friends and associates said yesterday.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links