Take the combined fortunes of Bill Gates, Tiger Woods and Roman Abramovich. Now imagine someone stealing that much money - and being hailed as a financial genius. That man is Bernard Madoff. Backed by governments and global banks, Madoff defrauded $65 billion from charities and individual investors [...]
The untold story of the Madoff scandal, by one of the first journalists to question his investment practices
Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the trut[...]
"Gaming the LIBOR--that is, fixing the price of money--had become just that: a game. Playing it was the price of admission to a club of men who socialized together, skied in Europe courtesy of brokers and expense accounts, and reaped million-dollar bonuses."
In the midst of the financial crisis[...]