JPMorgan chief says virtual currency faces major regulatory hurdles
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Tuesday 08 September 2009
Saturday 05 September 2009
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.
Thursday 03 September 2009
Wednesday 02 September 2009
US Marshalls have put Bernard Madoff's beach house in the Hamptons up for sale for $7m (£4.3m).
Tuesday 01 September 2009
Those who see Bernard Madoff as the personification of greed and excess might be disappointed by his beach house: It's not that palatial.
Sunday 30 August 2009
Tuesday 25 August 2009
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.
Sunday 16 August 2009
Wednesday 12 August 2009
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.
Tuesday 11 August 2009
Thursday 06 August 2009
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.
Tuesday 04 August 2009
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.
Monday 27 July 2009
Tuesday 14 July 2009
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.
Saturday 04 July 2009
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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