Some day, perhaps, Malaysian sovereign-fund alleged fraudster Jho Low, who has escaped prosecution by fleeing to China, will be played in the inevitable biopic by Jet Li or Chow Yun Fat. But until then Bernie Madoff will remain Wall Street’s King of All Media. In fact, Bernard L. Madoff was so a major a media… Read More >>
U.S. Fights Back Against Iranian Hackers
The threat of cyberattacks was prominent again in the news last week as the Department of Justice via the U.S. Attorney’s Office for the Southern District of New York unsealed grand jury indictments against seven hackers based in Iran charged with running coordinated cyber-attacks on U.S. financial services firms and securities exchanges. In fact, Justice… Read More >>
Will S&P’s $1.5B Settlement Change Anything?
Standard & Poor’s Ratings Services has agreed to pay $1.5 billion to settle claims the company defrauded investors by stamping risky financial products with bullish appraisals in the years leading up to the Great Recession. However, some industry observers aren’t convinced that the record penalties will achieve their intended effect of ensuring the ratings agencies… Read More >>
