Sunday, 24 May 2015
Last updated 2 days ago
Dec 18 2008 | 2:58am ET
The latest victim of Bernard Madoff’s alleged Ponzi scheme is a Web site. Banco Santander, Spain’s biggest bank, has taken down the homepage of its Optimal Investment Services business, after the hedge fund group told investors it had lost more than one-third of its assets in the Madoff scandal.
Whereas earlier this week the Optimal Web site trumpeted the firm’s “intensive due diligence,” yesterday it merely said, “New website to be launched soon.”
Optimal, which managed US$10 billion in assets at the end of last year, has $3.5 billion of exposure to Bernard L. Madoff Investment Securities. The firm invested assets of its Optimal Strategic US Equity Fund with Madoff.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…