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The Madoff legacy
in Sox First, on February 26, 2010
... Bernard Madoff is behind bars but his legacy continues. A crime of that size is not going to sink without trace. First we have news that his director of operations Daniel Bonventre has been a...
Porn surfing at the SEC
in Sox First, on February 3, 2010
...g SEC computers to access porn. In light of the SEC's total ineptitude in investigating Bernard Madoff's crimes, it was hardly surprising. Now we have a Washington Times report showing that...
Should managers take an oath?
in Sox First, on January 7, 2010
...;Signing the oath doesn't cost anything and therefore not a credible commitment. Even if Bernie Madoff had signed the HBS oath, he would not have acted any differently. Rather than focusing on ple...
Ponzi scheme wrap up
in Sox First, on December 31, 2009
... Associated Press reports that failed Ponzi schemes quadrupled in 2009. Starting off with Bernard Madoff's $55 billion scam, $7 billion bogus international banking empire orchestrated by financi...
SEC fails on post-Madoff reforms
in Sox First, on December 31, 2009
...ssion launching surprise audits on money managers, ostensibly to ensure there are no more Bernard Madoffs. But in reality, the SEC's chief Mary Schapiro has backed down after intense lobbying by...
Was Madoff assaulted in jail?
in Sox First, on December 25, 2009
... Yesterday, I did a blog entry speculating whether fraud king Bernard Madoff's transfer from his cell to prison hospital was related to previous news reports that he had cancer. Now we re...
Bernard Madoff sent to hospital
in Sox First, on December 24, 2009
...t that long ago that the New York Post came out with the report that Ponzi scheme-meister Bernard Madoff was dying of cancer. The Bureau of Prisons issued a statement denying that Madoff had cancer ...
The 10 dumbest business moments for 2009
in Sox First, on December 21, 2009
...tuals targeted by Mao Tse Tung and the kulaks persecuted in Stalin's Russia. 3. The SEC and Madoff: better later than never: In June, the Securities and Exchange Commission finally banned cro...
Madoff: The Godfather's legacy
in Sox First, on December 12, 2009
... One year after his arrest, it seems that Bernard Madoff has got himself a nice little gig in jail. The Wall Street Journal reports that Madoff who has been behind bars now for more than five ...
Sarbanes Oxley on trial
in Sox First, on December 4, 2009
...w did nothing to warn about the meltdown of mortgage-backed securities, much less expose Bernie Madoff or other fraudsters." On the other hand, the D.C. Circuit Court of Appeals had already thrown ou...
2009 年最热英文单词
in Wangtam, on 2009-12-01
今天,多家搜索引擎及有关机构都提供了有关最热搜索/最热关键字的报告,以下是详细内容:、 来自于 The Global Language Monitor : 1. Twitter — The ability to encapsulate human thought in 140 characters 2. Obama — The word stem transforms into scores of new words like ObamaCare 3. H1N1 — The formal (and politically correct) name fo...
Madoff calls SEC's Schapiro a "dear friend": jailhouse interview
in Sox First, on November 1, 2009
... Even after he is locked up for the rest of what's left of his life, Bernard Madoff continues to rub salt in the wounds. According to a jailhouse interview, published in The Wall Street Journal...
Starting A Hedge Fund - Seminar
in The Hedge Funds Weblog, on October 15, 2009
... Starting A Hedge Fund In The Post-Madoff Era, a seminar organized by Andrew Schneider and Hedgeco Networks , 220 managers, investors and service providers came together at the U.S. Trust Build...
Hedge funds lied to investors
in Sox First, on October 15, 2009
...d one in five verbally lied. When you read this, you can then understand how people like Bernard Madoff could get away with their fraud for so many years with his hedge fund. Which raises the obvious...
Madoff gets in prison fight, and wins
in Sox First, on October 14, 2009
... Wall Street swindler Bernard Madoff might be moving his way up the prison hierarchy with the New York Post reporting that he got into a prison yard fight with a fellow inmate, and won! The fi...
Banker lived it up on foreclosure
in Sox First, on September 12, 2009
...e, including their 3800-square-foot, two-level Malibu property, because they had invested in Bernie Madoff's ponzi scheme. In other words, Guyton had used the bank-owned property as her personal ...
SEC links to Madoff scam
in Sox First, on September 7, 2009
... Over the weekend, I did a blog entry looking at whether Bernard Madoff's victims could sue the Securities and Exchange Commission for its negligence. Certainly, Madoff himself expressed s...
Can the SEC be sued for Madoff?
in Sox First, on September 7, 2009
... Securities and Exchange Commission for negligence after she lost $2 million investing with Bernard Madoff. Now in the wake of the an SEC internal investigation report slating the agency for missing o...
Madoff: contender for SEC chairman
in Sox First, on September 3, 2009
... Hat tip to the TPM Muckraker blog . Bernard Madoff, now spending the rest of his life in jail, was actually a contender to be chairman of the Securities and Exchange Commission. That's the ...
Dark side of trust
in Sox First, on August 26, 2009
...ore exchange between the parties. The tragic stories of the people who lost a fortune with Bernard Madoff tells us what happens when that runs awry. It's an interesting point. The only problem i...
Scams bigger than Bernie
in Sox First, on August 14, 2009
...Markopolos ? He was the whistleblower who alerted the Securities and Exchange Commission to Bernard Madoff's scam. The guy who was ignored by the SEC until it was too late. Now, the New York Pos...
Madoff's right hand man pleads guilty: who's next?
in Sox First, on August 12, 2009
... Full attention has now been placed on Bernard Madoff's right hand man Frank DiPascali who has pleaded guilty to conspiracy and other charges and has, according to the New York Times , admitt...
Some mortgage villains faring quite well
in The Mortgage Roadmap, on July 20, 2009
... want to see our villains caught, given a fair trial and locked away. We like the thought of Bernie Madoff in jail for the rest of his life. Unfortunately, we don't always get justice. And this s...
Madoff hires prison consultant
in Sox First, on July 5, 2009
... Now that he has been sentenced to 150 years, Bernard Madoff has hired a prison consultant, Herb Hoelter, to help find him the best possible jail. But as The Times reports, Hoelter will have his ...
Madoff's tough spell
in Sox First, on July 1, 2009
... Much has been said about Bernard Madoff's 150 year prison sentence. The Los Angeles Times points out the obvious : his sentence is a lot shorter than what was handed out to the likes of Den...
Madoff gets the max! What now?
in Sox First, on June 30, 2009
... So as expected, Bernard Madoff got the max : 150 years in the slammer for perpetrating his vile Ponzi Scheme. For his part, Madoff delivered a big apology to the victims. But interesting questi...
Ruth Madoff's lost asset claims
in Sox First, on June 29, 2009
... With Bernard Madoff up for sentence tomorrow and likely to spend the rest of his life in the slammer, Reuters reports that his wife Ruth has come to a deal with prosecutors to forfeit her claim ...
Madoff's jail survival guide
in Sox First, on June 26, 2009
... Bernard Madoff, 71, gets sentenced on Monday and the tips are coming in on how he could best survive jail. Whether it's 12 years, as his lawyers have asked, or longer. Lawyers have told CNN...
Mercy for Madoff plea
in Sox First, on June 24, 2009
... Earlier this month, I did a blog entry looking at how Bernard Madoff's victims wanted the fraudster to get the full 150 year jail sentence. Many of the victims were not high flyers. Madoff r...
Throwing the book at Madoff
in Sox First, on June 16, 2009
... Bernard Madoff, who has pleaded guilty to 11 charges of fraud, money laudnering, perjury and theft, faces up to 150 years in jail. And his victims want exactly that! The New York Times reports ...
SEC probe uncovers problems
in Sox First, on June 2, 2009
...t makes it clear that the there are problems all over the place at the SEC. In relation to Bernard Madoff, the office of the inspector general ordered SEC officials cough up with e-mails of at least ...
Madoff's secretary tells all. What's next?
in Sox First, on May 11, 2009
...n talk. Hard to go past the revelations last week in Vanity Fair from Eleanor Squillari, Bernard Madoff's secretary of more than 20 years who claimed the man was an egotistical sexist who got h...
GAO slams SEC
in Sox First, on May 9, 2009
... The Securities and Exchange Commissions stuffed up big time with Bernard Madoff, letting him get away with his fraud for some time. It failed to do its job and protect investors. Now a Governmen...
Madoff's son in slug fest
in Sox First, on May 6, 2009
... So now Bernard Madoff's son has turned into a Wall Street warrior defending dad's not so good name. The story about his fist fight with securities trader Reed Abend came out on the De...
Madoff: Club Fed for dummies
in Sox First, on April 14, 2009
... Let's spare a thought for the Madoffs. Facing the prospect of a lengthy spell in the slammer, Bernard Madoff's niece has just a hired a consultant to teach her how to survive in jail and,...
The lobsters and Madoff
in Sox First, on April 5, 2009
... about how investors, who came back into world as lobsters, take their revenge on a hapless Bernard Madoff at a swank Upper East Side seafood restaurant. Read it. Just brilliant stuff....
Maddoff's accountant: bring on the rest
in Sox First, on March 19, 2009
... The US Securities and Exchange Commission charging Bernard Madoff's accountant David G. Friehling, with securities fraud, aiding and abetting investment adviser fraud, and four counts of fil...
Madoff to jail, SEC in the dog house
in Sox First, on March 13, 2009
... So Bernard Madoff is now in jail after pleading guilty to 11 charges including securities fraud. And he has apologised to the investors he scammed, claiming he was "painfully aware" th...
Tour Gets Burned Again
in Eagle Par Birdie, on February 24, 2009
...n manifests, according to Socionomics: rampant cheating, fraud and financial exploitation. Bernie Madoff is one human face we can put to that characteristic; Allen Stanford is another. Corporate...
Dumb money and the meltdown
in Sox First, on February 24, 2009
...was actually something of a virtue ... Looking back, the investors who believed the stories told by Madoff and Stanford-that they could deliver steady, positive, market-beating returns in any type of ...
The Stanford-Madoff connection
in Sox First, on February 22, 2009
... the Stanford Financial Group, a clear and worrying pattern is emerging. Allen Stanford and Bernard Madoff are the first two big frauds that have come out of this meltdown and they won't be the la...
Madoff and the conspiracy of silence
in Sox First, on February 17, 2009
...s about the way the Securities and Exchange Commission had looked the other way and allowed Bernard Madoff to get away with his fraud. Now, the New York Post reports that bankers thought Madoff was...
Madoff's wife withdrew $15 million before her husband's arrest
in Sox First, on February 12, 2009
... How much did Ruth Madoff know about her husband Bernard's shenanigans. According to a New York Times report last month, she might have been completely in the dark, only finding out about her...
Aftermath Of Madoff Ponzi Scheme Is Shameful
in Exclusive from our news room , on February 7, 2009
...The Bernie Madoff Ponzi scheme has given birth to a new class of elderly, previously rich or at least well off retirees, who are reentering the job market. Madoff, who should go down in history as on...
Google 历史上五大未经报道的错误
in Wangtam, on 2009-02-08
...tyszczyk 近日撰文指出 ,Google 存在 5 个未经报道的错误: 1. Bernie Madoff 丑闻 前纳斯达克交易市场主席 Madoff 诈骗的源头可能归咎于 Google 搜索中的错误结果,当一头灰发的 Madoff 想仿效 Happy Days 电影中的角色将头发挑染,并输入角色名字"Fonzi"搜索的时候, Google 却把"旁氏骗...
Immobilien sind Sachwerte: Investoren haben einen Gegenwert
in Bauen - aber richtig, on 05.02.09
...en erwischt wird, oder? DIE WELT pointiert am 29. Januar 2009 unter dem Titel " Bernard Madoff - charmant, intelligent und eiskalt ": "Was aber bedeutet Madoffs Serienverbrechen wirkli...
Madoff madness
in Sox First, on February 4, 2009
...as been said about the Securities and Exchange Commission's incompetence over fraudster Bernard Madoff and why it ignored all the red flags. Now whistleblower Harry Markopoulos, who warned regulat...
Credis Suisse sheds light on hedge fund failure
in The Hedge Funds Weblog, on February 2, 2009
...vents such as the fall of Lehman Brothers, the short sale ban and the scandal surrounding Bernard Madoff, offering insight into the impact of each event on individual sectors and the hedge fund indust...
Ponzi schemes proliferate
in Sox First, on January 29, 2009
... When the Bernard Madoff scandal broke, it was inevitable more Ponzi schemes would come to light. For a good reason too. With every bubble there is fraud. Look behind every bubble and you'll fi...
Latest Ponzi Schemer To Be Arrested Took In $370 Million
in Exclusive from our news room , on January 27, 2009
...own is growing, and although no one has come close to scamming anything near the $50 billion Bernie Madoff pocketed, there are some impressive numbers. Nicholas Cosmo of Hauppauge, N.Y. managed to fl...
Latest Ponzi Schemer To Be Arrested Took In $370 Million
in Exclusive from our news room , on January 27, 2009
...own is growing, and although no one has come close to scamming anything near the $50 billion Bernie Madoff pocketed, there are some impressive numbers. Nicholas Cosmo of Hauppauge, N.Y. managed to fl...
Maths and the meltdown
in Sox First, on January 15, 2009
...t the growth of bubbles and stop the damage, not only to the economy but to the social fabric. The Madoff scandal raises questions around the "efficient markets" theory. Do buyers and selle...
No Jail For Bernie Madoff
in Exclusive from our news room , on January 14, 2009
...Less than an hour ago, Bernie Madoff, the undisputed champion of the Ponzi Scheme, walked out of United States Federal Court and into a waiting car. The judge had just upheld a previous, unpopular ru...
Hedging the bets
in Sox First, on January 14, 2009
... Hedge fund managers are now conceding that Bernard Madoff has probably achieved what the Securities and Exchange Commission's Christopher Cox could never do: usher in strict new regulations fo...
$100 Million Hedge Fund to Liquidate
in The Hedge Funds Weblog, on January 12, 2009
...iver low volatility where prices almost never change, Reuters reported. Instead, they invested with Madoff, making themselves and those who trusted them victims of the Madoff debacle. Full story avai...
4 Crisis Related Suicides (Report)
in The Hedge Funds Weblog, on January 7, 2009
... wrists with a craft knife. He was facing losses from investing with the alleged fraudster Bernard Madoff. His family said that his suicide was a "matter of honour". Paulo Sergio Silva, 36,...
Charities Given a Helping Hand
in The Hedge Funds Weblog, on January 7, 2009
...ociated Press reports; Nonprofits that are struggling because their donors lost money with Bernard Madoff are getting a bailout - but not from the government. Richer foundations are stepping in to he...
Why smart investors fall for scams
in Sox First, on January 5, 2009
... The fallout from the Madoff scandal has left us with one important question: why do Smart People keep falling for financial pea and thimble tricks? Why do people with high IQs keep getting tak...
Winners and losers for 2008
in Sox First, on December 31, 2008
...teffy nominates Wall Street as the biggest loser. Not far behind that come Yahoo investors, Bernard Madoff's clients, the incompetent Securities and Exchange Commission, the Chicago School of Econ...
Madoff's insanity defense
in Sox First, on December 29, 2008
... The legal fallout over Bernard Madoff has taken a New turn with a judge ruling that Madoff must provide a list of all investments, lines of credit, loans, business interests, brokerage account...
Looking in the Mirror and Seeing Your Ethics Smiling Back at You
in Biz Plan Hacks, on December 29, 2008
...red it "timely" in light of recent events like the bribery scandal at Seimens and Bernard Madoff's Ponzi scheme. I like Druker's complaint about the concept of "business ethics...
New York University Is Latest Victim Of Bernard Madoff Ponzie Scheme
in Exclusive from our news room , on December 26, 2008
... york university , NYU, has joined Yeshiva University on the list of organizations duped by Bernie Madoff. Madoff's illegal investment scheme was so lucrative for the earlier investors that the ...
Cox defends his legacy
in Sox First, on December 25, 2008
...-smacked. The culture of slack oversight allowed US financial institutions and rogues like Bernard Madoff to plunge the United States into recession but Cox says the SEC has done nothing wrong. In an...
The Madoff lawsuits roll in
in Sox First, on December 25, 2008
... It had to happen. Bernard Madoff's $50 billion Ponzi scheme is turning into a lawyers' picnic with the lawsuits rolling in. First, we have reports that a New York woman, Phyllis Mol...
The Madoff scandal: now for the auditors
in Sox First, on December 23, 2008
... Yesterday, I did a blog entry on how the Madoff scandal had out accountants in the gun. The view now is that no-one could have pulled off a scam as big as this, and kept it going for so long, wi...
Madoff fallout continues to spread
in Sox First, on December 22, 2008
... The shock waves set off by Bernard Madoff's $50 billion scam continue to reverberate with reports that the FBI is now diverting agents from its counter-terrorism divisions to focus on Madoff...
SEC: porn, conflicts of interest and private businesses
in Sox First, on December 20, 2008
...s had quite a shellacking over the last week over its ineptitude and turning a blind eye to Bernard Madoff's scam. An Office of Inspector General (OIG) report reveals there are serious issues i...
Madoff: why the SEC dropped the investigation
in Sox First, on December 18, 2008
... With Bernie Madoff avoiding jail and instead getting house arrest in his $7 million apartment, The Wall Street Journal tells us that the Securities and Exchange Commission had him cold on mult...
SEC and Madoff: shutting the stable gate after the horse has bolted
in Sox First, on December 17, 2008
...wed up badly. "The Commission has learned that credible and specific allegations regarding Mr. Madoff's financial wrongdoing, going back to at least 1999, were repeatedly brought to the atten...
Fair Food Organization Is Latest Victim Of Bernard Madoff's Ponzi Scheme
in Exclusive from our news room , on December 17, 2008
...The cloud of fallout from the Bernard Madoff embezzlement scandal continues to widen as reports of fortunes and dreams lost pour into news bureaus. It will take years to untangle this investor's ...
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