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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US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines