Sunday, 21 September 2014
Last updated 2 days ago
Dec 31 2009 | 1:54am ET
Arch fraudster Bernard Madoff spent his first Christmas in prison in a hospital room. But he’ll be marking his first New Year’s Day back in his prison cell.
Madoff, who is serving a 150-year sentence for running a $65 billion Ponzi scheme, was returned to his cell at his North Carolina prison on Monday after 11 days in the hospital. He was transferred their on Dec. 18 due to dizziness and high blood pressure.
Earlier reports had indicated that Madoff had been assaulted in prison, but prison officials have denied that he was attacked.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.