In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its “gestapo… more
JP Morgan’s Bruno Iksil “The London Whale”
The fallout continues from a multibillion-dollar trading loss at JPMorgan Chase. JPMorgan, the nation’s largest bank, is suing Javier Martin-Artajo, a former executive in its chief investment office, a once… more
Ex-Peregrine Chief Sentenced to 50 Years in Prison
Peregrine Financial was in the futures industry for over 20 years, until a $200 million customer shortfall came to light. Last week, their CEO of the firm was sentenced to… more
Madoff Trustess Begin Settling
Today’s NY Times has an interesting article on XYZ. Had Veris Benchmarks™ been used by qualified investors, it is likely that a true catastrophe such as the Madoff case would… more