Reports say jailed financial adviser Bernard Madoff, orchestrator of the largest-ever U.S. Ponzi scheme, won’t attend the funeral of his son — who apparently committed suicide last week.
Continue reading Berni…
A Boston-based law firm announced a lawsuit Friday against the Securities and Exchange Commission on behalf of investors conned by Bernie Madoff. The suit brought by Kacheroo Legal Services seeks class-action status, and if it…
Among the day’s top online stories for investors: Why the housing market is ready to boom, which sector significantly outperformed the S&P over the past year, and the scoop on Warren Buffett’s successor Todd Combs.
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Hedge fund manager Arthur Nadel, dubbed the “mini-Madoff”, was sentenced to 168 months in jail after being found guilty of embezzling millions of dollars in a Ponzi scheme.
The sentence is one month in jail for every $1 million he embezzled.
Nadel,…
In Asia Monday, Hong Kong’s Hang Seng Index fell 1.2%, dragged down by banking shares after news broke that five Taiwanese lenders are suing HSBC over its involvement with a Ponzi scheme. China’s Shanghai Composite Index slid 0…