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"We are writing to inform you that the Elie Wiesel Foundation for Humanity had $15.2 million under management with Bernard Madoff Investment Securities," said the foundation. "This represented substantially all of the foundation's
A fund manager who lost more than $1 billion was discovered dead Tuesday after committing suicide at his Manhattan office, marking a grim turn in a scandal that has left investors around the world in financial ruin. (Dec. 23)
Those who rule America today have subverted the principles enumerated in the US Constitution; principles the Founding Father hoped would guide those who followed them through the crises yet to come.
The allegation is that Mr. Dochow was partially responsible for the collapse of the Lincoln Savings and Loan during the S&L crisis, and 20 year later he is alleged to have been involved in a conspiracy to falsely state IndyMac's capital position
The OTS "blessed a fiction," in the words of one congressional staffer, renews questions about the agency's relationship with the companies it regulates and about its complicity in the collapse this year of several of the nation's l
The wide-ranging public corruption probe that led to the arrest of Illinois Gov. Rod Blagojevich got its first big break when a grandmother of six walked into a breakfast meeting with shakedown artists wearing an FBI wire.
Inside Story, with presenter Maryamme Nemazee, discusses the latest blow to the financial world and one of Wall Street's biggest scandals. Peter Schiff on the Madoff Scandal and the federal watchdog SEC.
The government itself runs a fraud much bigger than Madoff’s. Our Social Security system is the very definition of a Ponzi, or pyramid scheme. If the government truly had an interest in protecting people’s savings, they would allow people to opt out
WASHINGTON – It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they
The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest?
“As lawmakers make a big show of forcing auto executives to accept just $1 a year in salary, they are quietly raiding the vault for their own personal gain,” said Daniel O’Connell, chairman of The Senior Citizens League (TSCL), a non-partisan group.
Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit. (WHAT?????????????)
President-elect Barack Obama's incoming chief of staff Rahm Emanuel had a deeper involvement in pressing for a US Senate seat appointment than previously reported. Emanuel had direct discussions about the seat with indicted Gov. Blagojevich
Attorney and former police officer Robert Cooley claims that back when he was doing undercover work for the FBI in the late 1980's, Blagojevich was a bookie on the North Side of Chicago who was making payoffs to the mob.
Max Keiser being interviewed about the Madoff scheme, and explains that Social Security works in the same manner. I find it quite revealing that this interview is being conducted from Tehran, and not New York.
Back in the 1929 Financial Crash it was said that some Wall Street Stockbrokers and Bankers JUMPED....
The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account
The Illinois Supreme Court denied an effort to remove Gov. Rod Blagojevich, rejecting what could have been the quickest way to force the Democrat from office. Blagojevich's lawyer, meanwhile, said the governor would not appoint someone to fill Ba
State Department officials worked closely with the private security contractor Blackwater USA to play down incidents in which company operatives killed innocent Iraqis, according to Blackwater and State Department documents obtained by a congressio
State Department officials worked closely with the private security contractor Blackwater USA to play down incidents in which company operatives killed innocent Iraqis, according to Blackwater and State Department documents obtained by a congressio
State Department officials worked closely with the private security contractor Blackwater USA to play down incidents in which company operatives killed innocent Iraqis, according to Blackwater and State Department documents obtained by a congressiona
Bernard Madoff's alleged Ponzi scheme has hit Southern California's Jewish community particularly hard. Which also includes some of California's biggest Jewish foundations. (Smell a Bailout?)
Ever since the country’s founding, prosecutors, defense lawyers and juries have been trying to define the difference between criminality and political deal-making. They have never established a clear-cut line between the offensive and the illegal
Stanton signed the order after the Securities Investor Protection Corporation asked that steps be taken to protect investors in the scheme, which has ensnared several major banks and prominent figures as victims
Illinois lawmakers on Monday approved an inquiry into whether Gov. Rod Blagojevich should be impeached in the wake of charges he tried to sell the U.S. Senate seat vacated by President-elect Barack Obama.
Like millions of other homeowners, President-elect Barack Obama has a Fannie Mae/Freddie Mac mortgage, but unlike other home owners, Obama managed to acquire one $903,000 over the legal Federal limit. A DBKP exclusive.
The Wall Street Journal said Bernard Madoff's $50 Billion Ponzi scheme could prove to be history’s largest financial scam. With all due respect to the Journal, it is not the largest financial scam--not by a long shot.
At the time of filming the House had passed the legislation. Later this evening, the Senate rejected it.
Investors scrambled to assess potential losses from an alleged $50 billion fraud by Bernard Madoff, a day after the arrest of the prominent Wall Street trader. (do you even know where your managed money is invested?)
In an unprecedented move, the Illinois attorney general asked the state's highest court Friday to strip scandal-plagued Gov. Rod Blagojevich of his powers.
