Sunday, 21 September 2014
Last updated 2 days ago
Jan 23 2014 | 1:44pm ET
Bernard Madoff, whose $65 billion Ponzi scheme shook Wall Street, is suffering from advanced kidney cancer and recently had a heart-attack.
Madoff told CNBC that he was hospitalized at Duke University Medical Center last month following the heart-attack. He also told the network that he had stage-four kidney cancer—indicating that it may have spread to other parts of his body.
Madoff is back at the federal prison in Butner, N.C., about 15 miles northeast of Duke's Durham, N.C., campus, where he is serving a 150-year prison sentence. The 75-year-old told CNBC that he is not receiving dialysis treatments, and the prison said he is currently in the general population and not at the prison's medical center.
News that Madoff has cancer follows last year's announcement that his surviving son, Andrew, is fighting stage-four lymphoma.
Madoff has been in prison since his 2009 guilty plea.
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.