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JPMorgan chief says virtual currency faces major regulatory hurdles

Businessman bailed over £115m Ponzi scam

A businessman appeared in court today accused of masterminding a sprawling £115 million scam that claimed a series of high-profile victims.

Ed Balls: Government cuts economically unsafe

Ed Balls today warned that the Government's deficit reduction plan is "economically unsafe" as he stepped up his campaign for the Labour leadership.

Businessman accused of £115m 'ponzi' scam

A businessman was accused today of masterminding a sprawling £115 million scam that claimed a series of high-profile victims.

The ice-cream heir who saw two fortunes melt away

John Robbins rejected his inheritance and then lost millions to Madoff. But it made him a better person, he tells Guy Adams

Matthew Norman: Liz Jones, poster girl for Big Society

In the most startling reinvention this industry has known in decades, the Daily Mail shrugs off its reactionary stereotype to host an intriguingly hybrid social experiment. The pit canary here is the magnificently prolific Liz Jones, who single-handedly spearheads two major breakthroughs – the first recorded case of Mr Cameron's Big Society in action, and the inaugural deployment of a newspaper column as care in the community. As many of you will know, Liz likes to keep the readership minutely informed of life, latterly dwelling on the £150,000 debt she says has depressed her even more than her rejection by the Somerset neighbours who took mystifying umbrage at being depicted as toothless imbeciles. "Being in debt," wrote Liz, "is worse than anything I have experienced." Given what Liz has experienced – and short of alien abduction, bless her, what has she not? – that's going some. "When you have no money people assume it's because you are lazy or profligate." The rank injustice. The very idea that a woman who spent £26,000 on a bat sanctuary, and lavishes more than £1,000 a year on mineral water, tends towards the wasteful!

Finance watchdogs looked at porn as banks collapsed

The heated atmosphere inside the Securities Exchange Commission, the agency charged with monitoring the US financial industry, may have had less to do recently with turmoil in the markets and more with ructions between the sheets, on account of senior staffers spending their days sampling internet pornography instead of Wall Street data.

Sean O'Grady: Three-party politics is here to stay

Tories could usefully stop claiming that a hung parliament - already priced in by the markets - or a proportional voting system would lead to a sterling crisis

Man who blew Madoff whistle meets SFO

The man who exposed the massive Ponzi scheme fears 'political' issues are blocking justice in London

US regulators suspected Stanford in 1997

American regulators had concluded in 1997 that Allen Stanford, the sports-mad financier who bankrolled English cricket, was probably a fraudster, but they didn't charge him for 12 more years because it was too complicated a case.

Computer programmers indicted in Bernard Madoff fraud

Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff programme an old computer to generate false records have been indicted.

Business Diary: Murdoch silenced by autocue malfunction

It's not often that Rupert Murdoch is lost for words, but that's what happened during his keynote speech at an Abu Dhabi media summit yesterday when the autocue broke down. In the end, an aide had to dig out a hard copy of the speech, enabling the great man to carry on.

Last Night's Television: The Day the Immigrants Left, BBC1<br />Damages, BBC1

"It's like I'm a foreigner in me own country," complained Terry at the beginning of The Day the Immigrants Left. In truth, Terry wasn't nearly enough like a foreigner. He didn't have a job, for one thing, unlike most of the real foreigners in the area. And the programme he was taking part in was about to demonstrate that he was going to have to get a lot more foreign if he wanted to get and keep one. The pitch was simple. Several Wisbech employers had been persuaded to give some of their immigrant workforce a few days off and to replace them with unemployed locals. Is it that they can't get the jobs because overseas workers are undercutting them? Or is it that they just don't do the jobs as well?

TV schedules: A crazy clash of the titans

Fans of Mad Men and Damages will be left furious by the BBC's decision to let the two hit shows overlap, says Gerard Gilbert

Glenn Close - Lock up your pets, she's back

Nobody plays a manipulative monster as well as Glenn Close. As she returns to our screens in a welcome third season of the legal drama Damages, Gerard Gilbert celebrates the star's formidable froideur

Yasmin Alibhai-Brown: Still no hope of common sense in the war against anti-Semitism

These defenders to the end of all Israeli actions knowingly mix politics and race
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Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
9 best women's festival waterproofs

Ready for rain: 9 best women's festival waterproofs

These are the macs to keep your denim dry and your hair frizz-free(ish)
Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific