Sunday, 21 September 2014
Last updated 2 days ago
Apr 26 2011 | 3:30pm ET by Deirdre Brennan
This week’s CNBC episode of American Greed profiles our second, make that third, favorite scam artist, Arthur Nadel.
The so-called ‘Wizard of Sarasota’ (a name clearly made up by the folks at CNBC) bilked investors in his six hedge funds out of $162 million. While he wasn’t as creative as our second favorite fraudster Samuel 'suicide is painless' Israel when writing his goodbye note, just like Sammy, he is very much alive and is now kicking it in a federal penitentiary—the Butner Federal Correctional Complex to be exact. He’s is good company, Butner is where arch-fraudster Bernie Madoff is spending his remaining days. So, if you haven’t gotten your fill of frauds with our Hall of Justice section, you may want to tune in (see trailer below).
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.