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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