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Bernie Madoff is not some freak of finance to be celebrated on the five-year anniversary of his guilty plea...He continues to lie about his fraud, claiming in jailhouse interviews he was the only one involved, even as prosecutors continue to prove
Fortis, the biggest gas and electricity distribution utility in Canada, agreed to buy UNS Energy Corporation, at a 31 percent premium over the stock's closing price on Wednesday. A back-of-the-envelope calculation suggests that a sale of South Korean
A trader works at the JP Morgan stall on the floor of the New York Stock Exchange, November 19, 2013. JPMorgan Chase & Co ( JPM.N ) and federal authorities are nearing settlements over the bank's relationship with convicted Ponzi schemer Bernard
Bernie Madoff's right hand-man has revealed that the disgraced financier broke down in tears as he confessed the scope of his ponzi scheme. Frank DiPascali, the star witness at the trial of five former Madoff employees, told a New York jury that a
Today, December 11, is the fifth anniversary of the arrest of Ponzi-scheme king Bernie Madoff, and only now do his 13,500 victims finally have a term that Bernie's $65 billion reign of rip-offs and deception deserves: Schtupping...District Court in
On the eve of the five-year anniversary of the arrest of disgraced financier Bernard Madoff, his former right-hand man is describing how a crying Madoff told him his financial empire was a gigantic fraud. The description came Tuesday during the
The "crazy" request from Jerome O'Hara and George Perez was turned down and the men were paid with salary increases and bonuses, Frank DiPascali, Madoff's former finance chief, testified today in Manhattan federal court in the trial of the men and
Attorney Preet Bharara (L) looks on during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Jeffry Picower to settle civil claims for victims of Bernard Madoff's ponzi scheme December 17, 2010.
When Hertz Global Holdings Inc. acquired car-rental rival Dollar Thrifty last year, the Federal Trade Commission sought to combat rising prices by forcing Hertz to sell off its Advantage Rent a Car brand, making it a new, independent competitor.
Bernard Madoff's former clients are still struggling to move on five years after his massive Ponzi scheme was exposed. World War II vet Morton Chalek says his last account statement with Madoff showed he had $2.3 million...Madoff told FBI agents that