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Former Madoff employees convicted

Former Madoff employees convicted

March 24 (UPI) -- Jury decides former employees of Bernard Madoff knew they were involved in a Ponzi scheme.
Frances Burns
Bernard Madoff's advice to investors? Don't invest in stock market

Bernard Madoff's advice to investors? Don't invest in stock market

BUTNER, N.C., March 20 (UPI) -- Bernard Madoff, who pleaded guilty to orchestrating the biggest Ponzi scheme in U.S. history, advised investors to steer clear of the stock market.

The almanac

UPI Almanac for Thursday, March 13, 2014.
By United Press International

Trial of former Bernard Madoff employees winding down

NEW YORK, March 5 (UPI) -- A federal prosecutor said in closing arguments five former employees of Bernard Madoff's New York investment firm played critical roles in the deception.

In testimony, Madoff's ex-secretary calls him an excellent boss

NEW YORK, Feb. 25 (UPI) -- Annette Bongiorno, imprisoned financier Bernard Madoff's former secretary, said he was an excellent boss, in testimony in her trial in New York.

JPMorgan to pay $2.6 billion for Madoff scheme

NEW YORK, Jan. 7 (UPI) -- JPMorgan Chase will pay $2.6 billion to settle charges of failing to alert authorities of Bernard Madoff's suspicious activities, U.S. authorities said Tuesday.
JPMorgan Chase to settle with government over Madoff claims

JPMorgan Chase to settle with government over Madoff claims

NEW YORK, Jan. 6 (UPI) -- JPMorgan Chase is nearing a deal to pay the government about $2 billion to close out claims related to the Bernard Madoff Ponzi scheme, the New York Times says.
Ignoring Madoff to cost JPMorgan $2 billion

Ignoring Madoff to cost JPMorgan $2 billion

NEW YORK, Dec. 12 (UPI) -- JPMorgan Chase is expected to pay up to $2 billion for failing to alert U.S. authorities about Bernard Madoff, sources told the New York Times.

Madoff myths -- fabrications -- debunked

NEW YORK, Dec. 11 (UPI) -- Five years after New York trader Bernard Madoff's huge Ponzi scheme burst onto the nation's headlines, many mysteries remain, a lawyer close to the case said.

The almanac

UPI Almanac for Wednesday, Dec. 11, 2013.
By United Press International

Authorities close to deal with JPMorgan Chase over Madoff response

NEW YORK, Dec. 7 (UPI) -- U.S. authorities are considering deferred prosecution as a response to JPMorgan Chase's dealings with Bernard Madoff, the Wall Street Journal reported.
Madoff wanted all or none of staffer's $17 million in lottery winnings

Madoff wanted all or none of staffer's $17 million in lottery winnings

NEW YORK, Nov. 21 (UPI) -- Bernard Madoff wanted a former employee to invest all of his $17 million in lottery winnings with the convicted Ponzi schemer's firm, says a former colleague.
Justice Department announces $13 billion settlement with JPMorgan

Justice Department announces $13 billion settlement with JPMorgan

NEW YORK, Nov. 19 (UPI) -- The largest U.S. bank, JPMorgan, has agreed to a $13 billion settlement for misrepresenting bonds prior to the recession, the Justice Department said Tuesday.

Prosecutor: Former Madoff staffers 'knew' they were involved in fraud

NEW YORK, Oct. 17 (UPI) -- Five former employees of convicted swindler Bernard Madoff knew what they were doing when they created false records, a New York federal prosecutor says.

Peter Madoff stonewalls London court

LONDON, July 3 (UPI) -- Jailed Ponzi scheme accomplice Peter Madoff stonewalled London's high court Wednesday, refusing to answer dozens of questions in testimony given by video link.

The almanac

UPI Almanac for Saturday, June 29, 2013.
By United Press International

Bernie Madoff giving financial advice in Carolina prison

BUTNER, N.C., June 8 (UPI) -- Convicted swindler Bernard Madoff says he has become a go-to source for financial advice at the North Carolina prison where he is serving time for fraud.

Peter Madoff's New York mansion up for sale

NEW YORK, May 27 (UPI) -- The Old Westbury, N.Y., home of Peter B. Madoff, who is jailed for his participation in a Ponzi scheme, is up for sale at an asking price of $4.495 million.

The almanac

UPI Almanac for Monday, April 29, 2013.
By United Press International

UPI NewsTrack Business

U.S. markets mixed at the close ... Houston tops 2012 Job Creation Index ... JPMorgan Chase under the microscope ... Atlanta's airport is busiest in 2012 ... News from United Press International.
JPMorgan Chase under the microscope

JPMorgan Chase under the microscope

NEW YORK, March 27 (UPI) -- A spokesman for JPMorgan Chase acknowledged the U.S. financial giant is currently the subject of numerous regulatory probes.

The almanac

UPI Almanac for Wednesday, March 13, 2013.
By United Press International

UPI NewsTrack Business

U.S. stocks close in a split ... Obama nominates two chief regulators ... Former Humana exec admits taking kickbacks ... Older women set pace in labor force gains ... News from United Press International.
Obama nominates two chief regulators

Obama nominates two chief regulators

WASHINGTON, Jan. 24 (UPI) -- President Obama nominated two regulatory chiefs Thursday to take charge of the Securities and Exchange Commission and the Consumer Financial Protection Bureau.

UPI NewsTrack Business

U.S. stocks split with Dow climbing ... Obama to nominate White to head SEC ... Job title squashed in worker perk poll ... Manufacturing index shows gains ... News from United Press International.
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