Tag:
Ponzi Scheme
Latest Headlines
Latest Headlines
Rajaratnam finds ways to stay in the news
Raj Rajaratnam has kept his name in the headlines since he was found guilty of insider trading and sentenced to 11 years of hard time.
He will not be serving his sentence with Bernard Madoff after all. Perhaps not a single federal prison is large enough for the both men. Rajaratnam, as first r
Bernard Madoff affair still making news
It's hard to believe that Bernard Madoff pleaded guilty to running a massive Ponzi scheme way back in 2009. It seems like just yesterday, in part because even from his North Carolina prison where he is serving a 150 year term, the great Ponzi schemer is still making news, as is Irving Picard, the
Time to revamp SEC?
The issue of a radical overhaul of the SEC's structure and even its mission has been a fairly big issue as of late. Recall that Section 967 of Dodd-Frank required that the SEC hire a consultant to look broadly at the organizational and other woes of the agency, which all would agree are severe.
Court decision deals Picard a setback
We've discussed recently whether a backlash of sorts was developing against Irving Picard, the court-appointed trustee who has gone after "net winners" in the Bernard Madoff Ponzi Scheme with a zeal that ultimately angered many.
Some think he has seriously overreached. People in this camp--nam
Backlash against Bernard Madoff trustee may be brewing
The legal tide may be turning against Irving Picard, the court-appointed trustee who was tasked with recovering the ill-gained profits from the Bernard Madoff Ponzi Scheme. When he was given the job, few realized what a goldmine was handed to him and his chosen firm, Baker & Hostetler. Picard
FINRA turns to licensing to bolster security
The Bernard Madoff Ponzi scheme continues to reverberate through Wall Street. In order to prevent such frauds, FINRA has proposed--and the SEC has recently agreed--that all operations executives on Wall Street must be licensed via a qualifying exam and continuing education requirements.
Accord
Are Rajaratnam investors the same as Madoff 'net winners'?
Should investors in the Galleon Group, which was run by the convicted insider trading criminal mastermind Raj Rajaratnam, suffer for the sins of the fund manager? That's a provocative question raised by a New York Times columnist, who intriguingly compares Galleon investors to investors in Ber
Irving Picard faces hurdles with Madoff clawbacks
Irving Picard has been a machine so far in his quest to recover assets from the massive Bernard Madoff Ponzi scheme and generate revenue for his law firm Baker Hostetler, where he became the king rainmaker with a single assignment.
He has sought court permission to be paid $43.8 million in leg
Madoff implicates JPMorgan in Ponzi Scheme
Bernard Madoff has proven to be a big media draw, even as he sits in jail in Florida. He has been conducting a barnstorming tour of interviews with big-time media publications, the last stop being the Financial Times , which has just published its article based on the talk. For JPMorgan Chase,
Update: Irving Picard on Madoff recovery efforts
Irving Picard, the trustee tasked with recovering assets from the Bernard Madoff Ponzi scheme, says part of the $10 million he has recovered so far will likely soon be distributed. Picard and chief counsel David Sheehan said they will make a request of a federal bankruptcy court to allow the dist
