Tags » Bernie Madoff

Trustee: Half-Billion Dollar Settlement Reached For With 2 Madoff Funds

NEW YORK (CBSNewYork/AP) — The trustee recovering money for thousands of investors said Monday that a half-billion-dollar settlement has been reached with two financial funds that invested with Ponzi schemer… 204 more words

News

Latest Madoff fraud deal pushes amount recovered to over $10 billion

Victims of Bernie Madoff’s Ponzi scheme will get another $500 million as part of a legal settlement announced on Monday, pushing the total amount they’ll recoup to over $10 billion. 287 more words

Finance

America the Ponsi Scheme

Watch this video on how our banking system works and you will be better able to understand why I believe our system is as doomed to failure as Communism was.   308 more words

Thoughts

Social Insecurity

Ah social security, the safety net for us all. Invest now and reap the benefits later, or someone less fortunate will at least, right? It’s nice to know that our government is looking after us for decisions that we are not able to make ourselves. 608 more words

Government

How Madoff probe uncovered a hedge-fund scam led by ex-MIT professor

A former associate dean from the Massachusetts Institute of Technology school and his son, a Harvard Business School graduate have been caught running a hedge fund scam, say authorities looking at Bernie Madoff’s Ponzi scheme. 326 more words

Trade

AT&T Fined $105 Million

Well, it appears another mega corporation has been fined for screwing the public. Word is the government will receive 20 million of the fine and the additional 85 million will go to the public. 289 more words

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Here’s My Badge!

The frequency of sexual assaults on college campuses has become so epidemic, that preventing attacks inspired a nationwide campaign, winning the endorsement of President Barack Obama. 785 more words