Hints and tips:
...They said the “best comparison” to Bankman-Fried was the “junk bond king” Michael Milken, who served just two years after pleading guilty in 1990 to violating US security laws before going on to become a...
...In today’s newsletter: SBF on trial Birkenstock prices its IPO UBS’s ‘tuna bonds’ clean-up Wall Street grabs its popcorn for the FTX trial The Big Short author Michael Lewis has spent his career chronicling...
...Enron was not a demonstration that all energy markets were fraudulent, nor was [Bernie] Madoff an indicator of all hedge funds” said Michael Silberberg, of crypto hedge fund Alt Tab Capital, after the sentencing...
...There’s a whiff of Bernie Madoff. But one of the important facts about this is FTX itself was a gold mine. That business, that was a simple business....
...The payouts have become a symbol of ill-advised financial decisions by the previous club owners, who also invested in Bernard Madoff’s Ponzi scheme....
...Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg, Warren Buffett, Michael Milken, Bernard Madoff, Charles Ponzi — the list of people...
...Finkel describes him as a collector, which is like calling Bernard Madoff an accountant....
...To be sure, Bankman-Fried’s donations are of a different scale to Madoff’s....
...It tells the story of, among other things, a Madoff-style fraud. However you spend it, have a wonderful weekend....
...Probably not, for reasons Unhedged’s friend Michael Pettis pointed out over on Alphaville....
...After a few stints at broker-dealers in New York and Washington, he contacted Harry Markopolos — the investigator who blew the whistle on Bernard Madoff’s Ponzi scheme — on LinkedIn to team up on a case...
...(FT) Crypto con artists The crypto market is overrun with sophisticated scams that make yesteryear’s Madoff-style Ponzi schemes look like child’s play....
...Michael Hintze, founder of CQS, wrote at the turn of the year that he was “cautiously optimistic” and that global growth looked “intact”....
...Close by on Trafalgar Square, Michael Hintze’s CQS, known as one of Europe’s best credit traders, was caught out in this year’s market slump....
...Michael Skapinker writes that budget airlines thrive by being nasty, but their ultimate success depends on making the distinction between mistreating passengers, which can be profitable, and being mean to...
...Yes, traders have been held to account for manipulating markets, and executives have been nabbed for insider trading, and there was Bernard Madoff and his Ponzi scheme....
...Bernard Madoff and his Ponzi scheme; Italy’s Parmalat and the €14bn hole in its accounts; the aggressive selling of payment protection insurance in the UK....
...Michael Fallon, the defence secretary, insisted that Britain was not “too late” in its attempts to help people living in British overseas territories hit by Irma....
...Madoff’s returns instantly looked too good to be true, he says. He tried checking the trades that Madoff had reported making against those reported in the official record....
...“We think this is like Harry Markopolos, who reported the [Bernard] Madoff fraud to the SEC and was ignored,” said Mr Kovel, of the New York law firm Kirby McInerney....
...If you doubt that, think of the luminaries who fell victim to Bernard Madoff’s long-running Ponzi fraud....
...At an unscheduled news conference, Mohamed Apandi Ali gave few details but said the money was a personal donation to Najib Razak, writes the FT’s Michael Peel....
...Former colleagues and associates rave about the composure he showed during the buyout of OneWest (then known as IndyMac), marshalling an all-star team of investors — George Soros and Michael Dell among...
...Notes for this week’s show: Michael Mauboussin on short-termism Mauboussin, the head of global financial strategies at Credit Suisse, is the author of a useful paper on corporate and investor short-termism...
...Najib had no case to answer over $680m paid into his personal bank account, allegedly by Saudi royals, the Malaysian Anti-Corruption Commission said it would seek to reverse the conclusion writes the FT’s Michael...
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