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- Jerome Kerviel and Societe Generale – Les Jeux Sont Faits: Three Years and $6.7 billion
Les Jeux sont fait, the chips are down for Jermoe Kerviel. To refresh memories Kerviel who was on trial for allegation of being a rogue trader and had become a celebrity in France (see previous post). It was announced that former Societe Generale trader Jerome Kerviel was sentenced to to five years in prison, with [...]
- The life and death of Stanley Chais: Plus Ruth Madoff Spotted
Stanley Chais was a Beverly Hills, California investment advisor who operated feeder funds which allocated capital to Madoff funds. He passed away on September 26, 2010 from a rare blood disease at the age of 84. The Chais death is the third major death surrounding the Madoff scandal. The first was investor’s Rene-Thierry Magon de [...]
- Madoff CNBC’s Special Reveals His Fluffy Prison and the Gibraltar Give Up?
CNBC has put together a new version of its American Greed Series, this time focus on the Madoff scandal. The episode is titled “Madoff Behind Bars” and focuses on Madoff’s time (150 years to be exact) at the Butner Federal Corrections Complex in North Carolina, USA. The Huffington Post is reporting that in jail Madoff [...]
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