Submit a Story!
Votes
topics:

vote down flag
paul.kedrosky.com - 12/12/2008
Madoff Story is Staggering
—
The revelations around Bernard Madoff today are staggering . Truly. This is the sort of thing that makes you wonder what is real anymore in markets, and what isn’t. Bernard Madoff, founder and president of Bernard Madoff Investment Securities, a market-maker for hedge funds and banks, was ...
Bernie Madoff on the modern stock market (video)
Play
youtube.com - 12/15/2008
Bernie Madoff on the modern stock market (video)
— youtube.com — Bernard Madoff, former NASDAQ chaiman now implicated in a $50 billion Ponzi scheme, at a 2007 roundtable discussion with Justin Fox, Ailsa Roell, Robert A. S... (more) Bernie Madoff on the modern stock market (video)
Comments vote down Paul Kedrosky's Infectious Greed found this 12/15/2008found this
online.wsj.com - 12/18/2008
Madoff Misled SEC in '06, Got Off
— online.wsj.com — Securities and Exchange Commission investigators discovered in 2006 that Bernard Madoff had misled the agency about how he managed customer money, according to documents, yet the SEC missed an opportunity to uncover an alleged Ponzi scheme. The ... (more) Madoff Misled SEC in '06, Got Off
Comments vote down Paul Kedrosky's Infectious Greed found this 12/18/2008found this
Madoff investors burned by SEC, too
money.cnn.com - 12/16/2008
Madoff investors burned by SEC, too
— money.cnn.com — Now that the Madoff fraud has been exposed there are still a slew of fundamental questions outstanding. (more) Madoff investors burned by SEC, too
Comments vote down BloggingStocks found this 12/16/2008found this
Comments
Related: u.s. v. madoff, bernard madoff, madoff securities, madoff funds
Madoff on Madoff
paul.kedrosky.com 12/12/2008 — Some snippets from the legal complaints related to the Bernie Madoff legal blockbuster. His advisory firm has been alleged to be -- including by his own supposed free admission to an FBI agent and to some senior employees -- a multi-billion dollar Ponzi scheme.     More here ...
Options Update: Capital liquidity providers volatility elevated into Maddoff arrest (NDAQ, NYX, SCHW, AMTD) — BloggingStocks
Nasdaq (NASDAQ: NDAQ ) closed at $23.80. Bernard Madoff of Bernard Madoff Investment Securities LLC, was arrested by Federal agents because his investment advisory business was a "giant Poinzi scheme" reports the Wall Street Journal . NDAQ January option implied volatility of 85 is above its ...
Madoff, Lehman, and suicidal stupidity — BloggingStocks
At their base level, Ponzi schemes are incredibly simple: the schemer promises a consistent, impressive return on an investment, which he funds by soliciting new investors and using their money to pay off earlier investors. If the schemer can successfully project an air of reliability, he can ...
Bernie Madoff -- A Cynic's Take: Frauds within Frauds — Paul Kedrosky's Infectious Greed
Over the weekend, a colleague of mine explained the Bernie Madoff fraud to me in the following plausible way: While many dopey investors in Madoff's funds thought he was actually running a "split strike option" strategy (and most of those people had no idea what that meant), most ...
SCAM BECOMES 'EARTH' QUAKE — NY Post: News
The fallout from a stunning $50 billion swindle - allegedly engineered by Bernard Madoff - is turning into a global pandemic. International banks, hedge funds and small-time investors from Japan to Switzerland emerged yesterday as potential...
$50 Billion Ponzi Scheme Could Just Be For Starters [Ponzi Schemes] — Consumerist
Madoff's $50 billion scam came unwound when too many investors tried to pull their money at the same time, which means we're likely to more big swindles get exposed in the coming months... ...as...
$50 Billion Ponzi Scheme Busted [Bernard Madoff] — Consumerist
Famous broker Bernard Madoff was arrested yesterday for running what was really a $50 billion pyramid scheme. Slate's The Big Money has insight on how investors can spot an operator like Madoff:...
Ex-Nasdaq Chair Accused of 'Epic' Fraud — AOL News
Ex-Nasdaq Chair Accused of 'Epic' Fraud posted: 8 MINUTES AGO comments: 0 Federal authorities say Wall Street powerbroker Bernard Madoff, a former chairman of Nasdaq, has admitted to bilking investors out of at least $50 billion, confessing that his investment business ...
INVEST BIG 'FESSES TO $50B 'FRAUD' — NY Post: News
A Wall Street legend was busted yesterday on charges of running a scam investment business for the super rich after telling his sons it was just "a big lie" - losing a whopping $50 billion. Bernard L. Madoff, 70, a former Nasdaq chairman, was...
Fund Management Fraud: Canadians Get in on the Action — Paul Kedrosky's Infectious Greed
Not to break the Bernie Madoff news cycle here, but another fund management fraud came to my attention today. This one's from Canada, and it is truly bizarre. Here is the gist: According to a complaint filed by the Ontario Securities Commission, a Canadian hedge fund manager running ...
Madoff: So How Much Money Are We Really Talking About? — Paul Kedrosky's Infectious Greed
Lots of chatter about whether $50-billion is really the correct number in the Bernie Madoff fraud allegation debacle. What is the right number? Well, here are some key stats: According to a Form ADV filed with the SEC a year ago, Madoff's advisory business then had $17.1-billion in assets  ...