MFGlobal Redux: More Missing Customer Funds at Futures Broker PFGBest

By: Wednesday July 11, 2012 6:20 am

Looks like we have another MF Global on our hands. Peregrine Financial Group, a one-man operation run by Russell Wasendorf, ripped off its clients to the tune of hundreds of millions of dollars, as reported by Reuters. While smaller than the MF Global or the Bernie Madoff scams, on all other levels it’s pretty similar. [...]

Citi Knew About Madoff Fraud, Tried to Pass Off Exposure in 2008

By: Wednesday February 23, 2011 9:15 am

We have already heard about JPMorgan’s travails with Bernie Madoff’s Ponzi scheme. A recent report identified JPMorgan as complicit in the Madoff scheme, and potentially liable in a civil lawsuit. According to emails and documents, JPMorgan apparently knew something was amiss with Madoff’s performance figures but never reported the crime to the SEC. Some lawsuits [...]

The Madoff Interview: The Banks “Had to Know”

By: Wednesday February 16, 2011 7:59 am

Diana Henriques snagged the first interview with Bernie Madoff since his arrest in late 2008. And while he maintained that his family knew nothing about his Ponzi scheme, he asserted that banks and hedge funds “had to know.” But during a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail [...]

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