Latest Madoff investment scandal Stories

2014-05-29 08:27:11

Troubled Clippers owner disliked more than O.J. Simpson, Bernie Madoff and Phil Spector LOS ANGELES, May 29, 2014 /PRNewswire/ -- Los Angeles Clippers owner Donald Sterling has been selling excuses, but America isn't buying them. According to a recent consumer survey conducted by E-Score(®), a leading consumer research service that provides information to media and entertainment companies, Sterling is now the single most disliked living man in America, ranking higher than bad boys...

2012-02-14 08:00:00

There is no current tracking of the number annual federal or state Ponzi scheme victims. However, the Wall Street Fraud Watchdog estimates the number of defrauded investors is probably in the tens of thousands of US citizens each year, and the costs are probably in the billions of dollars. The Wall Street Fraud Watchdog has developed a revolutionary due diligence service, that has been designed to make certain a high net worth investor, a married couple, or a senior citizen does not lose it...

7 Charged In Staggering $78M Insider Trading Probe
2012-01-19 05:44:55

Federal authorities announced on Wednesday that they had charged seven financial analysts and money managers across the country with a $78 million hedge fund insider trading scheme, in one of the largest sweeps in the government´s years-long investigation of suspicious trading at hedge funds. U.S. Attorney Preet Bharara, the chief federal New York prosecutor, described the ring as "a club where everyone scratched everyone else's back." "Today's charges illustrate something that...

2011-12-23 21:00:00

Gilman Law LLP, A National Law Firm Representing Victims of Securities Fraud, Is Actively Investigating A Class Action Lawsuit On Behalf of Investors of IntraLinks Holdings, Inc. Naples, FL (PRWEB) December 23, 2011 Gilman Law LLP, a leading national securities law firm, is actively investigating shareholder allegations that IntraLinks Holdings, Inc. (“IntraLinks” or the “Company”) and certain of its officers and directors made materially false and misleading...

2011-02-11 15:46:00

FRANKLIN, Tenn., Feb. 11, 2011 /PRNewswire/ -- MedQuist Holdings Inc. (Nasdaq: MEDH), formerly CBaySystems Holdings Limited, a leading provider of integrated clinical documentation solutions for the U.S. healthcare system, today announced the closing of the initial U.S. public offering of shares of its common stock. The shares began trading on February 4, 2011 on The NASDAQ Global Market under the ticker symbol MEDH. In the offering, MedQuist Holdings Inc. sold 3,000,000 shares, and...

2010-11-03 15:30:00

NEW YORK, Nov. 3, 2010 /PRNewswire/ -- EDCI Holdings, Inc. (Nasdaq: EDCI) (the "Company" or "EDCI"), today announced that, based on current voting results indicating more than a majority of EDCI's outstanding stock had been voted in favor of the Split Transaction (defined below), it had filed a Form 25, Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act (the "Exchange Act"), with the Securities and Exchange Commission ("SEC") and...

2010-08-04 14:44:00

RIVERWOODS, Ill., Aug. 4 /PRNewswire/ -- Throughout the massive Dodd-Frank Act, numerous provisions are designed to protect retail investors, generally through the expanded powers - and funding - provided to the Securities and Exchange Commission (SEC), according to Wolters Kluwer Law & Business. Wolters Kluwer Law & Business is a leading provider of research information and software solutions in key specialty areas for legal and business professionals, with products under the CCH...

2009-11-13 11:43:00

NEW YORK, Nov. 13 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Field Office of the FBI, Alan D. Lebowitz, the Deputy Assistant Secretary of the United States Department of Labor, Employee Benefits Security Administration (DOL-EBSA), and Patricia J. Haynes, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service (IRS), announced that...

2009-09-30 12:34:25

U.S. Securities and Exchange Commission investigator H. David Kotz has recommended 58 steps to tighten enforcement in the wake of the Bernard Madoff scandal. For thousands of investors, Ponzi scheme operator Bernard Madoff represents a $65 billion crime, not a scandal. At the SEC, however, Madoff, now serving a 150-year prison sentence, represents both after Kotz's internal investigation revealed six substantial warnings given SEC officials that resulted in missed opportunities to stop the...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.