By Allan Lengel ticklethewire.com Swindler Bernie Madoff, the king of Ponzi scams, told the New York Times that his family new nothing about his crimes, and that banks and hedge funds were “complicit” in his fraud and knew he was up to no good. From prison on North Carolina, Madoff said banks and hedge funds…
The bottom line was: the government was lax, and consequently people lost millions. Maybe if there were consequences for those lax people– like a big fat fine — others might not be so lax in the future. By Greg Farrell and Brooke Masters The Financial Times Bernard Madoff’s $65bn Ponzi scheme was able to evade…
By Allan Lengel ticklethewire.com Surprise. Surprise. It looks like good old Bernie Madoff — one of the great ripoff artists of the 21st Century — didn’t act alone. The Associated Press is reporting that the feds are investigating 10 people associated with Madoff. The news service, attributing the report to “a person who spoke on…
By Allan Lengel ticklethewire.com WASHINGTON — Bernie Madoff’s accountant was charged with securities fraud. An Albany on-line organ transplant broker was charged with defrauding desperately ill patients. And an ex-FBI agent was convicted in California in a home invasion robbery scheme. These were just some of the stories that made the FBI’s Top Ten Stories…
By Allan Lengel ticklethewire.com WASHINGTON — As if we haven’t gotten beaten down enough financially by the crippling economy. We’ve got two princes to help us out: Madoff and Stanford. The FBI issued a press release Monday asking for help in putting one of those princes away. The second one is already well on his…
