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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Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

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Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

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