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Madoff Fraud
- Disgraced financier Bernard Madoff, given a 150 year prison sentence in June for running the biggest fraud in Wall Street history, spends seven hours a day doing light manual labor, the New York Post said.
- Wall Street conman Bernard Madoff was led handcuffed to jail Thursday after pleading guilty to tricking thousands of people out of billions of dollars in one of history's biggest financial scams.
The US Securities and Exchange Commission said Monday its enforcement chief has quit, following criticism over apparent failure to uncover the alleged $50 billion investment scam run by mastermind Bernard Madoff.- US House lawmakers accused the Securities and Exchange Commission of impeding their probe into how the agency failed to uncover the alleged $50 billion fraud perpetrated by Bernard Madoff.
The Bombay Stock Exchange benchmark Sensex on Tuesday spurted and regained the 10,000-point level in the fag end of trading but closed the session a little lower below this psychologically important level.- The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes is growing, snaring some of the world's biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities.
Global banking major HSBC has emerged as one of the worst sufferers of Bernard Madoffs alleged $50-billion fraud as the financial services firm has exposure of about one billion dollar in the investment manager's collapsed venture, a media report says.

