Monday, 22 September 2014
Last updated 21 min ago
Dec 31 2008 | 11:22am ET
Victims of Bernard Madoff’s alleged $50 billion Ponzi scheme may soon get some answers as to how much money, if any, they’ll be able to collect from the disgraced former Nasdaq stock market chairman.
Madoff is reportedly scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. The list will include investments, loans, lines of credit, business interests, brokerage accounts and other holdings. However, one item that won’t make the filing is a $10,000 statue depicting life guards that was reported stolen from Madoff’s estate in Florida earlier this week.
In an interview, Madoff's lawyer, Ira Lee Sorkin, said that his client will meet the filing deadline.
In the weeks since his arrest, a number of clients including Yeshiva University, actors Kevin Bacon and Kyra Sedgwick, and former Salomon Brothers chief economist Henry Kaufman have added their names to the long list of victims defrauded in the alleged Ponzi scheme.
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.