Tag:
cooperation
Latest Headlines
Latest Headlines
Trustee seeks money from Madoff feeder funds
The Fairfield Greenwich Group was among the feeder funds that suckled at the bosom of Bernard Madoff and grew fabulously wealthy. Then it all fell apart. As the investigation continues, trustees are making more aggressive moves to recover funds. The latest: Trustee Irving Picard has sued to recove
Madoff to stay out of jail
Despite a big effort by prosecutors, a judge has ruled they failed to make a strong enough case that keeping Madoff free on bail represents a significant economic harm. As such, Madoff will be able to stay out of jail but confined to his home. Many alleged victims are outraged. One lawyer of inves
Madoff investigators face challenges
Bloomberg reports that a month after arresting Bernard Madoff, investigators are still struggling to figure out how exactly he ran his scheme for so long. You can imagine the mountain of documents that must be sifted through. One key issue is whether Madoff is indeed cooperating. Madoff's atto
Lots of tinkering with bonus models on Wall Street
A lot of top Wall Street firms are rethinking how they dole out bonuses, whether to cut risk or somehow reward other behavior. One company is taking an interesting approach. The Financial Times report that Citigroup CEO Vikram Pandit is bent on making some significant changes that may not
