News

JPMorgan chief says virtual currency faces major regulatory hurdles

'Lebanon's Madoff' bankrupted after bouncing $200,000 cheque to Hizbollah

Businessman promised customers a 40 per cent return on their investment

Stephen Foley: Shocking tale of the cowed regulators

US Outlook: We still await publication of the full in-house investigation by the Securities and Exchange Commission into the agency's failure to spot that Bernard Madoff was running a $65bn (£40bn) Ponzi scheme under their very nose. But even the executive summary is breathtaking stuff.

Series of errors allowed Madoff to keep trading

Scathing internal report on investigation by Wall Street watchdog reveals key account was never scrutinised

For sale: Madoff's $7m luxury beach house

US Marshalls have put Bernard Madoff's beach house in the Hamptons up for sale for $7m (£4.3m).

Madoff's Long Island beach house put up for sale

Those who see Bernard Madoff as the personification of greed and excess might be disappointed by his beach house: It's not that palatial.

End of a chapter: chick lit takes on the credit crunch

In hard times, sex-and-shopping sagas are being reinvented. Welcome to the world of recessionista lit

Madoff told inmates he was dying of cancer

Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said yesterday, knocking down a tabloid report that Madoff told fellow prison inmates that he was dying.

The book, the thief, his wife and his lover

Fraudster Bernie Madoff's mistress's memoir races up the bestseller list

Madoff's right-hand man is jailed for role in $65bn fraud

Frank DiPascali, Bernard Madoff's right-hand man for 33 years, was jailed last night after admitting that he faked thousands of documents and lied to regulators to help his boss perpetrate the largest fraud in history.

Former Madoff finance chief could cut deal and reveal his accomplices

Frank DiPascali expected to plead guilty when he faces US court today

Business Diary: Fame for credit crunch leaders in London bar

Bernie Madoff, Mervyn King, Sir Fred "The Shred" Goodwin and Alistair Darling will always be synonymous with the recent credit crunch, but in London's Ladbroke Grove the "not-so fab four" are also plastered on the windows of a new bar, Liquid Nation. A member of staff said: "We opened the bar in an economic crisis last month and originally planned to call it Liquidation, but out of this came Liquid Nation." At least Sir Fred and Mssrs Darling and King have the option of visiting the bar, where all drinks are £2.50, but Madoff will only be able to read about it in The Independent from his US prison cell.

David Prosser: Success or failure is not about gender

Outlook: Harriet Harman can't seem to help herself. Having talked utter nonsense earlier this year about Sir Fred Goodwin and the court of public opinion, now she's returned to another favourite theme – how the credit crisis is all the fault of blokes.

Style and beauty tips for the beach

From the skimpiest of bikinis to retro shades, style insiders reveal their seaside essentials and beauty tips to Carola Long – while The Independent's fashion team pick their own holiday must-haves

Madoff 'to be transferred to North Carolina jail'

Bernard Madoff, facing 150 years in jail for perpetrating history's largest fraud, was last night in transit from New York to the place that he will most likely call home for the rest of his life: a prison 400 miles away.

Stephen Foley: The positive legacy of Bernie Madoff

US Outlook: Bernard Madoff added something unexpected to his list of apologies in court this week, as he was trying – and failing – to avoid the maximum 150-year prison sentence for his crimes. "I feel terrible that an industry I spent my life trying to improve is being criticised terribly now," he said.

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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 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project