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prison
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Latest Headlines
Rajaratnam will report to prison
In a terse ruling, a panel of federal appellate judges have denied Raj Rajaratnam's request to stay out of jail, pending a ruling on his appeal.
No explanation was given, but the panel's questioning focused on the probably of Rajaratnam fleeing the country. The decision means that the convicte
Bernard Madoff agonizes in prison over son's suicide
Bernard Madoff ( Bernard Madoff news ) seemed aloof to many, even after he was arrested, even after he was sent to prison in North Carolina for 150 years. He seemed to revel in the "street cred" he achieved for not ratting anyone out. He apparently had a certain cachet among his fellow inmates.
Allen Stanford savagely beaten in prison, defense in disarray
Allen Standford ( Standford group news) should thank Bernard Madoff, who continues to get most of the attention when it comes to epic Ponzi schemes ( fraud news). If it weren't for Madoff, Stanford would no doubt be the poster boy. But that doesn't mean Stanford's had it easy. Just the oppos
Will a Madoff feeder fund ever be brought to justice?
It's been a year since the Bernard Madoff Ponzi scheme scandal burst into the news, and the mastermind is in jail. A few accomplices have plead guilty, but we have yet to see a feeder fund, which some feel were obviously complicit, face significant criminal consequences. But that may be changing.
Madoff dying of cancer?
The New York Post has been talking to some fellow inmates of Bernard Madoff and suggests that Madoff is dying of cancer. He's been taking lots of pills, apparently. The Post also reports that Bernie has been "killing time at the prison participating in Native American religious purificatio
No Club Fed for Madoff
If you think Bernard Madoff will while away his hours at Club Fed, forget it. Given the length of this term and the severity of his crimes, he's going to prison, not a minimum security camp--which is safer and has fewer restrictions. According to the AP, experts believe he'll most likely be incar
Madoff gets 150 years
We expected a tough sentence to be handed to Bernard Madoff by U.S. District Judge Denny Chin; we were not disappointed. The judge indicated that he needed to send a message. So he sentenced Madoff to 150 years in prison for the biggest Ponzi scheme ever, to enthusiastic applause.
"Here the m
Pinstripes to prison stripes for Fuld?
Richard Fuld, the infamous former CEO of now-bankrupt Lehman Brothers, could be headed to prison, according to Economist.com . If the aftermath of corporate failures like Enron and WorldCom are any indicator, the general public and the U.S. government will want the Wall Street titans partially
Cautionary tale of a Citigroup trader sent to prison
In May 2007, an ex- Citigroup energy derivative trader named Craig Gile was sentenced to a year and a day in jail after pleading guilty to one count of conspiracy. Fortune has his thought-provoking story. The magazine paints a picture of a good man, trying to please his boss in a tricky are
