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Where there is life, there is hope
LIKE any parent, my heart goes out to the Sultan of Johor and his Permaisuri after having seen the heartbreaking picture of the Sultan in tears over his son’s grave.
UK fines prominent hedge fund investor
LONDON: David Einhorn’s reputation as one of the hedge fund industry’s most respected investors took a bit of a hit when Britain’s financial regulator imposed a £7.2mil fine on him and his Greenlight Capital fund for alleged trading abuses.
Most of US$19.9bil Madoff case vs JPMorgan tossed
NEW YORK (Reuters) - A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.
Probe into SAC Capital trades
CHICAGO: A powerful Republican lawmaker is investigating possible insider trading at SAC Capital Advisors LLP, highlighting increased public scrutiny of potential wrongdoing by hedge funds.
Madoff trustee: Recovery of stolen money grinds on
NEW YORK (AP) - A court-appointed trustee who's recovered US$10 billion in losses so far for Bernard Madoff's legion of victims is predicting the pot will grow in the coming months - with no thanks to the disgraced financier.
NY feds: Boston businessman giving up US$625mil
NEW YORK: A 97-year-old Boston-area apparel entrepreneur agreed Tuesday to forfeit US$625 million to be distributed to cheated investors in jailed Bernard Madoff's historic Ponzi scheme, authorities revealed, as a court trustee said negotiations are under way to recover money as well from the owners of the New York Mets baseball team.
One year after US$50bil Madoff fraud many questions unanswered
NEW YORK: The FBI agents who arrived at Bernard Madoff's luxury penthouse apartment on the morning of Dec. 11, 2008, found a broken man in a bathrobe who knew his time was up.hr noshade size=-1 width=50%>
Madoff sentenced to 150yrs in prison
Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme.
Citi shareholders mad, but take it a little more
Five hours and dozens of angry speakers into Citigroup Inc.'s annual meeting Tuesday, a long line of shareholders still waited at the microphone for their chance to vent.
Bidding for investments
Auctions involving anything other than properties and cars are rare in Malaysia.
