Bernie Madoff News

Bernie Madoff used to live a life of luxury at the expense of many who lost their life's savings dealing with him.

If regulation-hating conservatives were serious about shrinking government, they should go whole hog and press for the elimination of the Securities and Exchange Commission .

"I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems," said Madoff, speaking by phone from a federal prison in North Carolina.

Convicted felon Bernie Madoff, who masterminded what is believed to be the biggest Ponzi scheme in U.S financial history, is serving a 150-year sentence behind bars while the liquidators of Madoff Securities International try to find a buyer for his yacht.

One thing both The Republic and Pearce lack: A sense of shame. Prepare for 15 seconds of commercial before the foot-licking begins.

Chairman Rupert Murdoch weighed in on the controversy surrounding J.P. Morgan Chase's CEO and chairman, Jamie Dimon, via a tweet late Thursday.

A federal judge in New York approved a hotly disputed fee for lawyers who negotiated a $217 million settlement with Madoff "feeder funds," but only after leveling harsh criticism at the firms for trying to obtain excessive markups for low-paid contract attorneys.

The president's new choices for Commerce secretary and FCC chair underscore how far down the rabbit hole his populist conceits have tumbled.

JPMorgan Chase is one of America's largest and most highly regarded banks. But in the past few years, it has paid out several billion dollars to settle lawsuits from consumers and regulators.

Every year JP Morgan shareholders get together for their annual kumbaya meeting on the state of the bank, and every year a few agitators propose that CEO Jamie Dimon give up his position as Chairman of the Board.

There have been estimates that the number of broker-dealers registered with FINRA fell by nearly 10% between 2005 and 2010, a trend that has continued over the past couple of years, and is expected to be seen in the future, due to a couple of key factors.

The law firm of Irving Picard, right, has reeled in hundreds of millions of dollars cleaning up the mess of Ponzi convict Bernard Madoff, left.

J.P. Morgan Chase has the Federal Energy Regulatory Commission, on its tail this time, the eighth federal agency pursuing legal action against the bank.

Co-host of Bravo's Fashion Queens talk show and longtime Friend of PAPER, Bevy Smith reports on her favorite films screened this year at the Tribeca Film Festival.

HSBC, custodian of a fund that lost about $1.5bn through Bernard Madoff's Ponzi scheme, said liability rules for banks in Europe weren't as strict at the time of the scandal surrounding the convicted fraudster.

It wasn't long ago that Jamie Dimon was America's favorite banker - shaking hands and wearing his Presidential cuff links on Congressional panels, admonishing bad bankers with speeches about "Old Testament justice." But according to the NYT that kind fo cache can only last for so long.

The regulatory problems are mounting for JPMorgan Chase & Co. , but none are likely to faze shareholders and clients as long as the bank continues to fatten their portfolios.

The head of the U.S. Securities and Exchange Commission's national examination program is leaving the agency, in what marks the latest major personnel change since Mary Jo White took over as head of the SEC last month, the SEC said Thursday.

Harry Markopolos , the former securities industry executive who spent a decade trying to convince regulators that Bernie Madoff's investment strategy was a fraud, will speak at the University of Wisconsin-Madison business school Thursday night.

Are you a have-yacht or a have-not? City Spy hears that the 40-knot, 88-foot powerboat Bull, which was bought new by New York Ponzi fraudster Bernie Madoff for a 5 million in 2007, is up for sale.