Madoff News
Sydney -
“Austerity” is a word which first came from the hellishly idiotic mouth of Margaret Thatcher. After years of chronic cronyism and nepotism governments around the world are seeing the start of a long overdue backlash.
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Sydney -
Wall Street is the epitome of the corruption, insanity and anti-democratic forces at work in the USA. It breaks laws like corn flakes and gets protection from its spineless political pets while bankrupting cities and counties.
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Sydney -
I’ve been describing American politics as pure criminal anti-democracy for some time. But a US election year, which happens in the same years as the Olympics, is worth watching for the exact opposite reasons that I watch the Olympics.
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Bernie Madoff was involved in a major financial scam, and now he will be the subject of a movie that will be starring Robert De Niro.
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New York -
$7.2 billion worth of Madoff-related money will be restored to investors as a result of a settlement with the estate of the late Jeffry Picower. The good news is that this is apparently an positive settlement, with the blessing of Mr. Picower’s widow.
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Convicted Ponzi schemer Bernie Madoff allegedly told a prison inmate he funneled $9 billion to three friends before getting caught for his white-collar crime, the New York Post reports.
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Prison officials are claiming that Bernie Madoff was treated for dizziness and hypertension. Reports were denied that he was assaulted.
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Bernard Madoff's friend, Jeffry Picower, reportedly his biggest fraud beneficiary, was found dead inside his house by his wife and a housekeeper. Picower was listed in the Forbes top 400 billionaires in America. He reportedly suffered a heart attack.
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Bernard Madoff''s wife Ruth has said she "felt immense pain" for her husband's victims yesterday, the same day Bernard was sentenced to 150 years in jail. She did not attend court, but issued a statement to the press.
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Ira Sorkin, the lawyer of the once Wall Street wizard Bernard Madoff, wrote a letter to Judge Denny Chin to ask for a 12-year prison term.
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