Financial Scandals

The Greatest Financial Scandals

Business Week | Brian Burnsed | Posted 10.18.2009 | Business


The now infamous dealings of Bernard Madoff, the money manager accused by federal authorities of running a $65 billion Ponzi scheme, have dominated he...

Is the SEC Awake?

Norb Vonnegut | Posted 07.18.2009 | Business


Norb Vonnegut

The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer now? Yeah, right.

One Billion and Broke

Norb Vonnegut | Posted 06.23.2009 | Business


Norb Vonnegut

If this were Hollywood, the courtroom would be jammed. Reporters everywhere. Rowdy audience. Distinguished lawyers snarling and prepping to rip each o...

Spaghetti a la Madoff

Norb Vonnegut | Posted 06.18.2009 | Business


Norb Vonnegut

The trustee is on a mission to recover funds. He has his agenda, and we're watching a game of hardball between the courts and some extremely wealthy investors.