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In other news Friday, the widow of a wealthy investor who was a friend of Bernard Madoff is returning $7.2 billion to victims of Madoff's massive Ponzi scheme from money her husband received from him over three decades.
Saturday marked the deadline for victims of Bernard Madoff's massive Ponzi scheme to file a lawsuit with the court's bankruptcy trustee. Ray Suarez discusses the latest developments with New York Times reporter Diana Henriques, who has covered the story from…
"We titled the book 'All the Devils are Here'," said Joe Nocera's co-author, Bethany McLean, "because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the…
By Elizabeth Shell
In other news, the Labor Department reported worker productivity jumped last spring by the most in six years, and an SEC investigation concluded that agency flaws enabled Bernie Madoff.
By Business Desk
Question: I wonder whether the Madoff sentence is a sufficient deterrent for future potential criminals. If he is rumored to have stolen approximately $60 billion, then $60billion/150 years comes out to about $400 million per year. That figure is…
Disgraced financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to defrauding investors out of as much as $60 billion. Ray Suarez talks to New York Times reporter Diana Henriques about the day…
Question: What do you make of the Madoff sentence? Paul Solman: I’m tempted to say that, at 150 years, he may have gotten off lightly. In today’s email came the regular newsletter of one of the world’s most provocative and…
By Admin, PBS NewsHour
Financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to bilking investors out of as much as $65 billion over two decades.
By PBS NewsHour
Texas billionaire R. Allen Stanford and several associates have been indicted on fraud and obstruction charges in what U.S. Justice Department officials say was a $7 billion pyramid scheme to defraud more than 5,000 investors over more than a decade.
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