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'MADOFF with all the money' was one rather droll pun doing the rounds last week as the world tuned in to watch the final demise of its largest ever fraudster.
DISGRACED US financier Bernard Madoff yesterday admitted he was guilty of the biggest investor fraud in history. Pleading guilty to 11 charges that leave him facing a sentence of up to 150 years, Madoff said that he was "ashamed" following the collapse of his $64 billion (£46 billion) investment fund.
BERNARD Madoff, the American financier accused of an "unprecedented" $50 billion (£36 billion) swindle, is expected to plead guilty today to 11 charges that could put him in prison for the rest of his life.
DISGRACED financier Bernard Madoff could face a 150-year prison sentence after his lawyer yesterday indicated he would plead guilty to charges of fraud.
ANDREW Fastow, the former chief financial officer of Enron, whose apparent business wizardry was exposed as fraud and theft in the company's 2001 collapse, was sentenced to six years in prison yesterday.
THE NatWest Three will not be ready for trial in the United States in September because two of the former bankers are looking for new lawyers.
LORD Wakeham, the former Conservative energy minister and Enron non-executive director, will find out within weeks whether he is to face charges from the US Securities and Exchange Commission (SEC) for failing to prevent the energy trader's management manipulating its accounts.
THE conviction last week of Kenneth Lay, the former Enron chairman, and Jeffrey Skilling, the company's former president, is likely to stand the test of lengthy appeals.
IF THE 1980s were the era of growth under the likes of Jack Welch and General Electric, the early years of the 21st century have a corporate face of their own: Kenneth Lay and his disgraced Enron corporation. The Enron scandal has played a key part in a reappraisal of American commerce. Enron, and other major corporate scandals such as WorldCom and Tyco International, revealed a class of plutocratic executives prepared to stop at nothing.
FORMER Enron chairman and chief executive Kenneth Lay took the witness stand at his criminal trial yesterday, declaring his innocence and telling the jury in Houston, Texas, he had been devastated when the company collapsed.
FORMER Worldcom chief Bernie Ebbers was yesterday found guilty of conspiracy and fraud in connection with the collapse of the telecoms company.
A GLOBAL financial watchdog said it would boost its efforts to bring into line "uncooperative" national regulators who fail to implement international standards designed to help prevent a repeat of the financial scandals of recent years.
WORLDCOM’S former boss Bernie Ebbers ordered adjustments to the company’s books, the telecoms firm’s ex-financial chief has testified at a fraud trial in the United States.
TEN former directors of WorldCom have agreed to a £28.7 million settlement of an investor class-action lawsuit that includes £9.6m from their own pockets, lawyers in the case said.
LORD Lang of Monkton, a former secretary of state for Scotland, has become embroiled in a US class action over his role as a part-time director of Marsh & McLennan, the world’s largest insurance brokers, which has been accused of massive fraud.
LEA FASTOW, the wife of former Enron chief financial officer Andrew Fastow, has handed herself in to begin a one-year jail sentence for her role in the accounting fraud that forced the company to seek bankruptcy protection in 2001.
A FORMER Goldman Sachs economist was sentenced to nearly three years in prison yesterday for using an insider bond tip that allowed the firm to make millions in tainted profits.
PUTNAM Investments has agreed to pay federal and state regulators $110 million (£60 million) to settle charges that its managers and clients engaged in market timing - the improper rapid trading of mutual fund shares.