Bernie Madoff

He's no Bernie Madoff in terms of the size of the Ponzi scheme, but R. Allen Stanford is every bit the unscrupulous huckster and jurors seemed to agree. A panel of eight men and four women found the Texas "business" man guilty of 13 of 14 counts brought against him for duping investors out of $7...

In the early hours of December 11 2010, Bernie Madoff's eldest son decided he'd had enough. He fashioned a noose from a black dog leash and hanged himself from a ceiling beam in his $6 million New York apartment. A tragic end for a man who had once had it all; a devoted wife, young children and...

Barbara Walters recently sat down with notorious Ponzi master Bernie Madoff at the Butner Federal Correctional Complex for a two hour interview. Madoff told her that he "can live with" the anger of the people that he defrauded but that he is troubled by anger and turmoil within his own family. "Not...

Bernie Madoff told Barbara Walters in a two hour interview at the Butner Federal Correctional Complex in North Carolina that he is happier in prison than on the outside. He said that he no longer has to live in fear of being arrested and knows that he will die in prison. Walters revealed to "Good...

When David Einhorn announced that he was short Green Mountain Coffee Roasters (NASDAQ: GMCR) at the Value Investing Congress last week, investors shot first and asked questions later, sending shares down some 25%, before finally starting to recover today. Einhorn, of Greenlight Capital, said at...

My colleague, Steven Anfield, wrote an article yesterday asking if the European traders can be trusted. Clearly, there have been a few notable cases, in which a rogue trader has managed to blow a huge hole in certain banks' balance sheets, but those are minor incidents compared to what the American...

According to New York Times sports reporter Richard Sandomir, the much maligned deal between hedge fund titan David Einhorn and the New York Mets is over. Here is a statement from the team, courtesy of ESPNNewYork. "The New York Mets' Owners announced today that their period of exclusive...

Currently third in the National League East, the New York Mets (58-57, 7.5 games out of wild-card lead) have something to look forward to besides next year. David Einhorn, President of Greenlight Capital (NASDAQ: GLRE), recently restructured an agreement with the New York Mets to help relieve...

Bernie Madoff victims scored a victory, reaching a settlement of more than $1 billion with Tremont Group Holdings Inc. Madoff, the guy who keeps on stealing. The House postponed a vote last night to try to pass Speaker John Boehner's (R-OH) plan to raise the federal borrowing limit and cut the...

According to tweets from ESPN New York's Adam Rubin and SI's Jon Heyman, Grenlight Capital's David Einhorn has been approved as minority owner of the New York Mets. There was some holds up in the deal, which was supposed to be completed by June 30, but now it looks as if Einhorn is set to become a...

An investment has made you a pile of cash and you can't even remember why you bought it in the first place. You're wondering what to do, going back and forth between selling it and holding on to it. Sell it pal, because you didn't deserve all that money. You can't flash a smile like Cam Newton....

The mental aspect is one of the most overlooked, and underappreciated facets of trading. It is also one of the most important. Success in the stock market is largely dependent on a person's psychological toughness and their ability to “roll with the punches.” Sometimes traders just need to sit back...

Discover used to have a commercial that said "It pays to Discover." In this case, I guess they mean "It pays to discovery." According to an article from Bloomberg, Irving Picard and his law firm want another $43.2 million for four months worth of work, which could bring the total pay out to $175....

J.P. Morgan (NYSE: JPM) ignored claims about Bernie Madoff, as senior executives were supposedly made aware of the Ponzi scheme he was running. That's not gonna be good for business. That's not gonna be good for anyone. Moody's cut Ireland's sovereign rating by two notches today, going to Baa3...