Funds for Madoff fraud victims rise to US$10b with JPMorgan Chase deal South China Morning Post The trustee unwinding Bernard Madoff's fraud has recovered more than US$10 billion for victims five years after the biggest Ponzi scheme collapsed, including US$543 million from JPMorgan Chase. | Irving Picard, the trustee, has recovered 59 per cent ...
JPMorgan Chase, Bernard Madoff's bank, to pay US$1.7b to settle charges South China Morning Post For more than 15 years, there were signs something was amiss with what US federal prosecutors in Manhattan call the "703 account" at JPMorgan Chase. | Money was being transferred back and forth for no reason. The account holder was recording double-d...
Bitcoin posts dramatic swings on mainland Chinese exchange South China Morning Post After bitcoin prices came within touching distance of the key US$1,000 benchmark on the mainland’s biggest trading platform – a signal of recovery, the value of the virtual currency has tumbled again, living up to its reputation for extreme volat...
Bitcoin posts dramatic swings on mainland exchange South China Morning Post After bitcoin prices came within touching distance of the key US$1,000 benchmark on the mainland’s biggest trading platform – a signal of recovery, the value of the virtual currency has tumbled again, living up to its reputation for extreme volat...
Energy map of Europe about to be redrawn The Australian EUROPE'S energy supply options will broaden later this decade as new pipelines feed natural gas from Russia and the Caspian Sea to consumers in big Mediterranean markets such as Italy, Greece and Turkey. | Russian state-owned producer Gazprom will bring its 2400km South Stream gas pipeline on line next year while the massive BP-led Shah Deniz 2 pro...
Telstra answers call from private equity for $3bn Sensis deal The Australian TELSTRA is reportedly close to doing a deal to sell its struggling Sensis directory business to an unnamed US-based private equity concern. | Sensis, which had its origins in the Yellow Pages and White Pages directories, has been losing ground in recent years because of the rapid transition to online digital directories, and has long been one of th...
