Stocks and Finance

Bernard Madoff

Bernard Madoff 3/11/2011

04:53 : Madoff missteps hobble SEC in funding fight - Newly revealed missteps by the U.S. Securities and Exchange Commission in its handling of the epic Bernard Madoff fraud undermined its pleas for more funding on Thursday before a trio of congressional panels.
Source : ibtimes-com
03:44 : Madoff stumble complicates SEC's money pitch - New missteps in response to the epic fraud of Bernard Madoff threatened to undermine the Securities and Exchange Commission's pitch for more money before a trio of congressional committees on Thursday.
Source : ibtimes-com

Bernard Madoff 3/10/2011

19:55 : SEC head regrets handling of Becker-Madoff case - The head of the U.S. Securities and Exchange Commission said she wished the SEC's former top lawyer had removed himself from the agency's work on the epic Bernard Madoff fraud.
Source : ibtimes-com
19:49 : Panel Presses SEC on Ethics - SEC Chairman Mary Schapiro said she will manage future ethics questions differently after the controversy over her handling of the agency's former top lawyer who inherited money tied to Bernard ...
Source : wsj-com
16:27 : Madoff matter: SEC chief faces Congress' ire - The Securities and Exchange Commission chief on Thursday faced angry lawmakers who grilled her about why she let her top attorney work on the Bernard Madoff Ponzi scheme case -- knowing his late mother was a Bernard ...
Source : cnnmoney-com
15:54 : S.E.C. Head Admits Misstep in Madoff Ethics Issue - Mary Schapiro told lawmakers that the S.E.C. should have gone beyond what was required after the agency#x2019;s top lawyer disclosed that his mother had invested with Bernard L. Madoff.
Source : nytimes-com
11:04 : SEC chief to be grilled over Madoff account - The head of the Securities and Exchange Commission says she didn't think the agency's former general counsel's financial tie to convicted felon Bernard Madoff represented a conflict of interest.
Source : msnbc-msn-com
00:51 : Lawmakers to grill SEC chief over Madoff account - WASHINGTON (AP) -- The head of the Securities and Exchange Commission says she didn't think the agency's former general counsel's financial tie to convicted felon Bernard Madoff represented a conflict of interest....
Source : usnews-com
00:10 : Some SEC officials in dark on lawyer's Madoff link - The U.S. Securities and Exchange Commission voted on a method to compensate victims of swindler Bernard Madoff with some commissioners and staff unaware that the SEC's then general counsel had personal ties to the fraud.
Source : ibtimes-com

Bernard Madoff 3/9/2011

10:31 : SEC's Mary Schapiro faces Congressional questioning about a former general - SEC's Mary Schapiro faces Congressional questioning about a former general counsel who weighed in on the Bernie Madoff case even though he had a financial interest in it. The revelations raise fresh questions ...
Source : seekingalpha-com

Bernard Madoff 3/8/2011

21:32 : S.E.C. Chairwoman Under Fire Over Ethics Issues - Mary L. Schapiro is facing Congressional questioning about a former general counsel who weighed in on the Madoff case even though he had a financial interest in it.
Source : iht-com
19:18 : Madoff trustee: Lawsuits delaying payouts - The trustee seeking to recover money for investors victimized by Bernard Madoff said he hopes to begin distributing money soon, but that litigation is delaying his efforts.
Source : msnbc-msn-com
18:21 : Madoff trustee: Lawsuits delay money for victims - The trustee seeking to recover money for investors victimized by Bernard Madoff's Ponzi scheme said he hopes to begin distributing money "in the near future," but that litigation is delaying his efforts.
Source : ibtimes-com
16:27 : Madoff Trustee: Lawsuits Are Holding Up Payouts - Irving Picard, the trustee appointed to recover money for victims of Bernie Madoff's Ponzi Scheme says he hopes to begin distributing money 'in the near future' but that litigation is delaying his efforts.
Source : foxbusiness-com
04:25 : On Fed Policy: Is Greenspan the Madoff of Bankers' - Igor Greenwald submits: The former Fed chairman criticizes as “activism” , the government’s effort to clean up the mess created on his watch, while con artist Bernie Madoff calls it a Ponzi scheme|Ponzi ...
Source : seekingalpha-com

Bernard Madoff 3/3/2011

18:18 : Court hears challenge to Madoff loss totals - A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the New York Mets and other investors that they have a right to keep millions ...
Source : msnbc-msn-com
17:46 : Madoff Victims Fight Reimbursement Formula - Victims of Bernard Madoff's Ponzi scheme are fighting the reimbursement formula created by the bankruptcy trustee overseeing the case.#xD; #xD; #xD; #xD;
Source : foxbusiness-com
16:36 : Madoff Trustee, 'Net Winners' Face Off - Former investors of Madoff and a trustee recovering money after his giant Ponzi scheme argued before an appellate panel over who constitutes a victim entitled to claim losses in the fraud.
Source : wsj-com

Bernard Madoff 3/2/2011

22:38 : Mets Owners Threatened With More Charges - The owners of the New York Mets, who face a $1 billion lawsuit related to withdrawals they made from Bernard Madoff's investment firm, are expected to face additional allegations if they fail to reach a settlement.
Source : wsj-com

Bernard Madoff 3/1/2011

22:49 : Madoff trustee sues Tremont for $2.1 billion - The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud.
Source : ibtimes-com
18:01 : Madoff Trustee Seeks $2.1 Billion From Tremont - Money-management firm Tremont Group and a group of funds it managed repeatedly ignored "red flags" that convicted Ponzi scheme operator Bernard Madoff's business could be a fraud, according to an amended lawsuit.
Source : wsj-com
03:06 : Jail Buddy Blogs About Madoff - The remarks that Bernie Madoff has made in jailhouse interviews have both riveted and disgusted the public, but the disgraced financier’s story has also inspired a writer who is on his side of the barbed wire.
Source : portfolio-com
00:46 : Madoff: 'I made a lot of money' for victims - Bernard Madoff, in prison for the biggest pyramid scheme fraud in Wall Street history, says that in reality he made a lot of people rich and that he suffered alone.

Bernard Madoff 2/28/2011

21:08 : Top SEC lawyer did not recuse himself on Madoff - The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
Source : ibtimes-com
16:17 : Bernie Madoff: 'The Whole Government is a Ponzi Scheme'; 'The Whole New ... - Ponzi? I guess it takes one to know one....I am not sure what to feel, when I find myself in agreement with so much of what Bernie Madoff says in a fresh interview with NY Magazine. I guess when you have nothing left to lose, you ...
Source : ibtimes-com
14:43 : Madoff claims Ponzi scheme’s roots legal - Bernard Madoff has claimed his Ponzi scheme, which left investors short of $65bn when it collapsed in 2008, started off as a legitimate business that earned 15 per cent annual returns through much of the 1980s
Source : ft-com
11:58 : Bernard Madoff discusses his family, greed and a 'rigged' market - In several hours of interviews by phone from prison, convicted swindler Bernard Madoff tells New York Magazine writer Steve Fishman about getting ...
Source : usatoday-com
09:14 : Madoff: 'Whole government is a Ponzi scheme' - Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable.
Source : msnbc-msn-com

Bernard Madoff 2/27/2011

09:47 : Investors to Get $100 Million in Tremont Settlement of Madoff Claims - Investors who claim they lost money to Bernard Madoff through investments by funds managed by Tremont Group or its subsidiaries will receive $100 million in cash as part of a settlement.
Source : wsj-com

Bernard Madoff 2/26/2011

06:22 : Investors to Receive $100 Million in Settlement of Madoff Claims By Tremont - Investors who claim they lost money to Bernard Madoff through investments by funds managed by Tremont Group or its subsidiaries will receive $100 million in cash as part of a settlement.
Source : wsj-com
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