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JPMorgan Chase & Co and federal authorities are nearing settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff , striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported.
The 22m football bet: Hedge fund guru Crispin Odey shorts Manchester United shares Hedge fund guru Crispin Odey has made a 22million bet that Manchester United's poor performance on the field will be echoed in the stock market.
Five years ago today, Bernie Madoff was arrested for running the largest Ponzi scheme.
President Barack Obama's top health official is asking for an investigation into the administration's botched rollout of HealthCare.gov.
Welcome to Wednesday's roundup of financial news: The long-awaited Volcker rule is finally happening, packed with lots of restrictions and a new CEO requirement.
Five years after the Madoff scandal rocked investors from the most sophisticated hedge funds to thousands of average investors, people are dented but surviving.
The former right-hand man of disgraced financier Bernard Madoff told a New York City jury Tuesday that a crying Madoff revealed to him that his financial empire was a gigantic fraud just before the rest of the world learned the truth nearly five years ago.
Five years later, the most ironic part of Bernard Madoff's legacy is clear: After his Ponzi scheme made hedge funds seem scary, especially to individual investors, the industry got busy making them seem safe enough for everybody.
Stock futures leaned higher on Tuesday, but inspiration for a decisive move was thin in the absence of big economic indicators and given increased taper speculation following comments from Federal Reserve officials.
Asserson firm succeeded in winning one of the "top ten cases" of the year in England, all managed from its headquarters in Tel Aviv.
When a pair of U.S. Securities and Exchange Commission examiners visited Bernard Madoff's offices in 2005, the now-imprisoned financier was not too worried - until he sneaked a look into one of their briefcases.
The trustee seeking money for Bernard Madoff's victims may be unable to pursue some claims against investment firms that fed client funds into the swindler's Ponzi scheme, a Manhattan federal judge said.
Victims of Bernie Madoff's massive Ponzi scheme, Morton Chalek, 91, standing, a WWII vet, and his friend Fran Reiss, 79, a retired educator, pose in the apartment they share, on Thursday, Dec. 5, 2013 in New York.
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Bernie Madoff, in prison for operating a multibillion dollar Ponzi scheme told the Wall Street Journal that inmates and prison guards constantly ask him for investment advice.