Wednesday, 24 December 2014
Last updated 14 hours ago
Oct 31 2013 | 9:31am ET
A former trader for Bernard Madoff pointed the finger squarely at two of the arch-fraudster's lieutenants, who are on trial for aiding and abetting the $65 billion Ponzi scheme.
David Kugel, the first person to plead guilty in the Madoff scam, testified that Madoff's secretary, Annette Bongiorno, helped him commit securities fraud, and Joann Crupi, who handled the firm's daily cash balances, helped him commit both securities and mortgage fraud. Bongiorno, Crupi and their three co-defendants have all denied wrongdoing or prior knowledge of Madoff's fraud.
Kugel took the jury through his own crimes for Madoff, which he said began in 1970s, creating fake trades with historical information. He is set to return to the stand today.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.