Stanley Chais News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Moments ago. Our parent, nbcuniversal, investing 500 million in snap during the ipo, as the markets look to cap off a sixth straight week of gains. We have not had backtoback days of losses since the end of january. Ggv capitals managing partner glen solomon, wells fargo chief portfolio strategist Brian Jacobson join us to talk about the markets. Brian, and snap specifically, as this starts to clearly roll into some retail hands, what does that mean for tech and for overall sentiment . Well, i certainly hope that a successful ipo is a harbinger of further successful ipos. You know, you saw a d...

Jim Campbell exchanged hundreds of emails and letters with the financier whose crimes brought him a 150-year sentence

Reality finally caught up with Bernie Madoff on December 11, 2008. Arrested at the $7m Manhattan penthouse he shared with his wife, Ruth, the man who had run a decade long pyramid scheme made an emotional confession to his sons that “it’s all just one big lie”. Securities and Exchange Commission investigators spoke of “a stunning fraud that appears to be of epic proportions”. Their suspicions proved correct. Madoff’s white-collar crime was the largest-ever Ponzi scheme in history. By its end, Madoff had effectively stolen $17.5bn (£11.4bn) from more than...

Print Bernard L. Madoff, the notorious financier who pulled off history’s biggest swindle and came to epitomize Wall Street corruption as the economy plunged into the worst downturn since the Great Depression, died of natural causes while serving a 150-year prison sentence, a person familiar with the matter told the Associated Press. He was 82. Suffering from kidney failure, hypertension and heart problems, Madoff died at the Federal Medical Center in Butner, N.C., apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the co...

The onetime “cotton king” of New York City’s garment district forfeited more than half a billion dollars in the aftermath of Bernard Madoff’s Ponzi scheme.