Monday, 1 September 2014
Last updated 3 days ago
Dec 31 2008 | 1:09pm ET
Ok, we admit it is a slow news day, so here it goes. According to a police report, the lifeguard statue stolen from the Bernard Madoff estate last week has been recovered.
The statue was found by two pest control workers this morning.
A note attached to the statue read: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by–The Educators."
Local news station WPTV is on the scene at the Madoff estate in Palm Beach with updates (proof that it is a slow news day).
In case you haven’t heard, Madoff is accused of running a $50 billion Ponzi scheme, which has claimed dozens of hedge funds and celebrities, including Footloose star Kevin Bacon, as victims.
The 4-foot-high statue worth more than $10,000 was stolen from Madoff’s estate eight days after he was arrested in New York in connection with operating the $50 billion Ponzi scheme.
Madoff has been freed on $10 million bail, but is under house-arrest at his Manhattan apartment, a move that has many of Madoff’s alleged victims extremely irate.
Madoff is scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. He can now add the copper statue to that list.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...