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The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.
Of all the items set to go on the auction block this week at a midtown Manhattan hotel, there's one that would take some mettle to wear in public: A satin New York Mets baseball jacket emblazoned with the name "Madoff."
Tax relief for thousands of small, indirect investors in Bernard Madoff's swindle and other fraudulent schemes appears close to Senate adoption as part of a broader bill to extend unemployment benefits.
In an Oct. 30 story about the workers' compensation case of an aide to a former state attorney general, The Associated Press erroneously reported that the Ohio Bureau of Workers' Compensation issued a ruling of attempted fraud. The former aide, Anthony Gutierrez, previously pleaded guilty to attempted workers' compensation fraud in a criminal case. The state bureau found that he misclassified workers at his construction business, but the agency did not address any questions of intent.
As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.
The Ohio Bureau of Workers' Compensation has ruled that a former top aide to fallen Attorney General Marc Dann committed attempted fraud.
Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgraced money manager's financial records but did not know Madoff was running history's biggest Ponzi scheme.
A judge in New York challenged the government to prove that jailed financier Bernard Madoff's former finance chief is a valuable cooperator Wednesday, implying he may only be pretending to help prosecutors in the hopes of garnering a lighter sentence.
Bernard Madoff's victims have so far received $530 million in compensation — a record for a securities industry group providing the money, but only a fraction of what they lost in the disgraced financier's epic swindle.
A prominent opposition politician embroiled in a scandal over his encounter with a transsexual prostitute resigned his high-profile job Tuesday as head of the region that includes Rome.
Authorities are investigating whether Taiwanese baseball players accepted bribes to fix games, a prosecutor said Tuesday, the latest blow to the integrity of the sport on the baseball-loving island.
The nation's foreign exchange student programs need better federal oversight, the State Department's internal watchdog concludes in a new report following a scandal in which students were placed in shoddy homes in Pennsylvania.
The trustee overseeing jailed financier Bernard Madoff's assets has labeled the New York Mets winners in the epic fraud. He says the baseball team made nearly $48 million in the Ponzi scheme.
Federal prosecutors have asked a judge to reconsider his decision to jail a top lieutenant to convicted Wall Street swindler Bernard Madoff.
The former head chef and head groundskeeper at the Oklahoma governor's mansion deny allegations that they raped three female prison inmates who work on the mansion grounds, their attorney said Wednesday.
The speaker of Ireland's parliament resigned Tuesday after his years of lavish expenses and foreign travel were exposed.
Bernard Madoff's brother, sons and a niece used the family finance business like a "piggy bank," a court-appointed trustee says, and he is suing them to return almost $200 million that he says fueled their lavish lifestyle at the expense of investors.
A trustee recovering Bernard Madoff's assets for jilted investors has labeled a Florida philanthropist as the biggest beneficiary of Madoff's multibillion-dollar fraud and demanded he return more than $7 billion in bogus profits, his lawyers say.
The watchdog of the Securities and Exchange Commission has recommended a new system for handling the thousands of tips and complaints the agency receives and other changes to prevent another breakdown like the one that allowed Bernard Madoff's massive fraud to go undetected for 16 years.
Federal prosecutors said Tuesday that a review of most accounts held by financier Bernard Madoff's customers when he was arrested shows that about half of the customers had not lost money because they withdrew more money than they originally invested.
A top Italian cardinal complained Monday that civility was on the decline in Italy after a prominent Catholic editor was forced to resign after a newspaper loyal to Premier Silvio Berlusconi exposed a scandal in his past.
Italian news reports say a businessman involved in Premier Silvio Berlusconi's sex scandal has been placed under house arrest as part of a drug probe.
Nelson Piquet Jr. wishes every day he had refused orders to deliberately crash at a race.
After a wiretapping scandal, Colombia's domestic spy department will be dismantled and a new agency will be set up to focus on intelligence and counterintelligence work involving national security, the nation's spy chief said Friday.
The University of California, Irvine has settled dozens of civil lawsuits over eggs or embryos stolen by two doctors more than a decade ago, in an effort to end the scandal over its fertility center.
Climategate: the final nail in the coffin of �Anthropogenic Global Warming�? � Telegraph BlogsClimate Change exposed for the fraud that it is.
Philippine Senate finds Arroyo's husband, others, culpable for NBN-ZTE corruption mess[Manila, Philippines] The Senate blue ribbon committee report released by Sen. Richard Gordon Tuesday found GMA, First Gentleman Jose Miguel Arroyo, former Comelec Chairman Benjamin Abalos, Secretary Romulo Neri, DoTC Secretary Leandro Mendoza, Speaker Jose de Venecia Jr.
Feds: No Charges Against DuvallSACRAMENTO, Calif. -- Former Assemblyman Mike Duvall, who resigned amid a sex scandal, will not be prosecuted by the U.S. Attorney's Office, authorities announced Monday.
Now, we go live to a breaking sex scandal... It involves ESPN, the world's largest sports network, which is based in the small city of Bristol, Connecticut. At its centre are dozens of lickerish TV executives, scores of fruity allegations and one very prurient journalist.
White House Blasts AP for Story Alleging Gov't Overstated Stimulus Jobs 'by Thousands'. Fox News.com Thursday, October 29, 2009 White House critiques and attacks AP's brief expose by Brett J. Blackledge and MATT APUZZO, Associated Press Writers. and
Former AMD chief identified as leak in Galleon insider trading caseThe far-reaching insider trading scandal now appears to have reached the top ranks of the high-tech industry with reports Tuesday that Hector Ruiz, former CEO and chairman of Sunnyvale chip company Advanced Micro Devices, leaked confidential AMD information to alleged conspirator …
Democrat Rep. Calls Woman "K Street Whore" - Obama calls him "Outstanding" Member of Congress?This is the video of President Obama stating that the Democrat Rep. Alan Grayson (D-FL) an "outstanding" member of Congress at a fundraiser Monday night. Grayson recently called a Fed aide a "K Street whore."
ACORN's Nutty AnticsIf events of the past few weeks are the end of ACORN, the Association of Community Organizations for Reform Now, two individuals can take credit: James O'Keefe, 25, and Hanna Giles, 20.
ACORN Scandals Grow & GrowAfter the release of Rep. Issa's report, U. S. Rep. John Conyers, D-Mich, chairman of the House Judiciary Committee, called for hearings on ACORN.
O'Keefe, fresh out of ACORN exposé videos and relevance, re-releases old video.Unlike previous videotapes, the heavily edited footage includes audio of the two conservatives but none of the ACORN Housing Corp. worker's responses to their questions.
There are many wars taking place today. Media is engaging in some mean spirited wars too.
ACORN's latest scandal should be last strawACORN can no longer be effective at achieving its goals. The organization is so mired in scandal it will never recover.
Late-Night Vulnerability: The Letterman scandal and Conan O'Brien's injury highlight how much the networks have riding on individuals.LOS ANGELES -- An apologetic David Letterman trotted out before the cameras Monday night with a quip that raised questions and fetched laughs: "There's a possibility," he said, "that I'll be the first talk-show host impeached."
French minister's novel lands him in hot water When Frédéric Mitterrand published a first-person narrative four years ago describing the thrills of paying for sex with boys, French reviewers hailed it as a lyrical and brave account of his own life.
House Considers Resolution to Oust Rangel From Chair of Tax-Writing CommitteeThe House is voting on a resolution to remove Rep. Charlie Rangel, D-N.Y., from his chairmanship of the Ways and Means Committee following the reading of a long and stinging list of his alleged wrongdoing.
ACORN: Congress can't hurt us Any successful efforts by Congress to cut off federal funding to scandal-plagued ACORN would have little effect on the community organizing group's overall operations, its chief executive officer said on Tuesday.
Married doctor 'drugged pregnant lover's drinks to force miscarriage after she refused to have an abortion'A hospital consultant spiked his mistress's drinks to try to abort their unborn child, a court heard yesterday.
Guilty verdicts in Dallas corruption case | Latest News | WFAA.comA federal jury in Dallas has convicted former Mayor Pro Tem Don Hill, his wife Sheila Farrington Hill and three other defendants of the major charges against them in the City Hall corruption case.
100,000 protest for press freedom in RomeThe masses gathered today in Rome to protest for the freedom of the press! "Accusations of an anti-Berlusconi bias have spiked since Rai 2 twice invited to its studios a call girl who claims to have accepted money to spend the night with the prime minister.
Federal Reserve scandal bigger than ACORN Just what exactly have they done with our money?
I couldn't care less what David Letterman does in his personal life. But, I'm a big fan of his. He's one of the funniest, smartest and most talented late night talk show hosts around. Simply put, I'm a fan of Dave's.
Judge rules FBI can't keep Cheney interview buriedA federal judge ruled on Thursday that the FBI must release its June 2004 interview with then-Vice President Dick Cheney concerning the leaking of the identity of CIA operative Valerie Plame.
Ensign & Aide apparently guilty of criminal wrongdoing and/or ethics violationsI'm not a lawyer, but I thought it was obvious ethics violations had occurred back when the story first broke. Gifts from parents, son hired by the RNC. This isn't just about sex and hypocrisy, this is about financial ethical wrongdoing.
Senator [Ensign's] Aid to Mistress's Husband Raises Ethics Flags Money quote:
The above headline has been borrowed from biggovernment.com columnist Dana Loesch, who makes the startling claim asks the provocative question as part of an article decrying the sexism of the Democratic party.
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