Daily News Channel
The Internal Revenue System is bracing for a deluge of amended tax returns from tens of thousands of victims caught up in the recent wave of multi-billion dollar Ponzis and other frauds, most notably the sensational swindle perpetrated by Bernie Madoff, and R.
Richard Friedman lost more than $3 million to Bernard Madoff’s investment scheme. Following the disgraced broker’s guilty plea Thursday, Friedman said he hopes Madoff lives a long time. “He is going to be sentenced for 150 years
To fix the banks, Washington needs to get toxic assets off their balance sheets. That’s easily said but not so easily done. One reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter
I know what to do with that $173 million in uncashed checks investigators found in Bernie Madoff’s desk drawer last week: send them to his feeder-fund customers. These people also could use the bling Bernie’s been secretly sending to friends. While the Securities Investor Protection Corp
Historians looking for an early sign that the worst financial crisis since the Great Depression might be deeper than expected could do worse than listen in on a predawn teleconference one Friday last spring. Top Treasury and Federal Reserve Bank officials hunched over their phones in a last-ditch bid to bail out the giant investment bank Bear Stearns Cos.
The England and Wales Cricket Board have confirmed they have terminated all contractual links with Sir Allen Stanford — the Texan billionaire charged with an alleged nine billion dollars fraud by the Securities and Exchange Commission. All negotiations between the ECB and Stanford were immediately suspended when the news broke on Tuesday — and the governing body has now formally announced they will not play any further Stanford Twenty20 matches in Antigua as well as shelving plans for the Quadrangular Twenty20 events, which were due to start at Lord’s in May.
The England and Wales Cricket Board have confirmed they have terminated all contractual links with Sir Allen Stanford — the Texan billionaire charged with an alleged nine billion dollars fraud by the Securities and Exchange Commission. All negotiations between the ECB and Stanford were immediately suspended when the news broke on Tuesday — and the governing body has now formally announced they will not play any further Stanford Twenty20 matches in Antigua as well as shelving plans for the Quadrangular Twenty20 events, which were due to start at Lord’s in May
CNN’s Larry King talked with former President Bill Clinton on Tuesday night at the William Jefferson Clinton Center in Little Rock, Arkansas.
The wife of accused swindler Bernard Madoff pulled $15.5 million out of a Madoff-related brokerage firm in Massachusetts in the weeks before his arrest, authorities there disclosed Wednesday. The withdrawals by Ruth Madoff took place in November and December, according to a complaint filed by state regulators against Cohmad Securities, a firm they said was “intertwined” with Madoff’s New York-based company.