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
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas