Business Leaders ‘Encouraged’ by Obama Talks

The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy Wednesday. Several business leaders said they left with a sense of improved collaboration….

Some Madoff Victims Pursued by Trustee for Damages

Irving Picard, trustee for the victims of the Madoff fraud, has a new target – other Madoff clients.

Picard has filed lawsuits against hundreds of defendants saying they profited from Madoff’s giant Ponzi scheme, withdrawing more than they inve…

Madoff Trustee Sues UBS for $2 Billion

The trustee representing investors cheated by Bernie Madoff sued Swiss bank UBS (UBS) for $2 billion.

The suit alleges that UBS collaborated with Madoff’s Ponzi scheme, The Associated Press reported. The suit alleges 23 counts of financial fraud and …

IRS Drops Tax Case Against UBS and Swiss Government

The IRS has stopped its investigation into tax evaders holding money in UBS accounts after reaching a settlement with the bank and the Swiss government.
Continue reading IRS Drops Tax Case Against UBS and Swiss…