Tag Archives: crimes
Madoff gets 150 years for massive fraud
Reuters – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Street’s biggest and most brazen investment fraud. Fleeced investors in the courtroom […]
US lawyer pleads not guilty to money laundering
BusinessWeek – A prominent Manhattan lawyer accused of peddling $700 million in phony securities to hedge funds will likely forgo a trial and change his plea to guilty, his attorney told a judge Thursday. The defense announcement came at a […]
Madoff Jailed After Guilty Plea
New York (Hedgeco.Net) – Bernard Madoff was finally promoted from house arrest to maximum security prison, after pleading guilty to the largest Ponzi scheme in history. Madoff, who swindled an estimated $65 billion out of the most elite investors, could […]
