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- Madoff’s Daughter-In-Laws will Pay the Price for Notorious Ponzi Scheme
There has been new developments regarding the ongoing case of Bernard Madoff. While Madoff is serving a 150 year sentence in prison, his daughter-in-laws will now be paying the price for him and his son’s infamous Ponzi scheme. Just last week, new claims were filed against the Madoff family in an Irving Picard $255 [...] - Gorden Geckko Grows Up – Michael Douglas Makes Insider Trading Infomercial for FBI
Actor Michael Douglas, who famously played the Wall St. icon Gordon Geckko in the Oliver Stone film Wall St., has had a change of heart. The fictional fund manager once famously touted, “Greed is good.” Here is a video of some of the more notable quotes from Mr. Geckko in the movie: The actor has [...] - Greenlight Capital Fined by FSA – David Einhorn’s Insider Tips
David Einhorn’s Greenlight Capital has run into trouble in the UK for insider trading. Reuters is reporting that Britain’s Financial Services Authority (FSA) said on Wednesday it had fined Einhorn 3.64 million pounds ($5.67 million) and his Greenlight Capital 3.65 million pounds for market abuse. Greenlight rose to prominence in credit crunch for shorting Lehman [...]
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- SEC Sues a Utah Hedge Fund Owner for Inflating Assets…
- MIT Professor and Son Agree to Pay $4.8 mill to Settle a Case of Fraud