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The Latest Breaking News from Bernie Madoff

Thames Water with a dash of Ponzi scheme

Letters: Louis Berk thinks Bernie Madoff couldn’t have pulled off a better deception, Alan Gray is glad to hear of the water company’s ‘strong liquidity position’, and John Powell thinks Dŵr Cymru has the right idea

The Guardian - UK

‘Corporate psychopaths’ lead businesses to financial ruin, new research warns. Here are 13 telltale signs

Psychopaths are generally charming and intelligent at first blush, and successful psychopaths all the more so. Because of this, they’re able to work “relatively undetected in corporate society,” one expert contends.

Fortune

Sean Grusd, portrayed as a junior Bernie Madoff, could face 6 years for $23 million Chicago scam

He lived the high life in the West Loop but now has pleaded guilty to fraud. Investor John Stafford III and real estate exec Patrick Buck are among those who say they were victims of his schemes.

Chicago Sun-Times

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Junior Bernie Madoff? Businessmen who say they were bilked of tens of millions say Sean Grusd was just as ‘brazen’

He’s accused of conning prominent Chicago businessmen including John Stafford III and Patrick Buck into investing millions — but spending the money on fancy cars, real estate and vacations.

Chicago Sun-Times

Alex Murdaugh found guilty of murdering wife, son in June 2021

WALTERBORO, S.C. — Alex Murdaugh, the fourth-generation heir to a powerful South Carolina legal, law enforcement and political family, was found guilty Thursday of murdering his wife and son in a case that brought the glare of national and international media attention to a long-secluded but corrupt corner of the…

Tribune News Service

Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up

Most white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.

WEKU

What the Madoff Series Left Out

A Netflix documentary series blames the SEC for missing the Ponzi scheme and then calls for giving the SEC more power.

Reason

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Scammed: why the rich, famous and experts get duped more often than you think

The typical reaction to learning about how people have lost money to a con artist is “how could anyone be so gullible?” But it’s the wrong question. Fraudsters fool even the most clever and admired experts by playing on their psychological vulnerabilities.

The Conversation

Sam Bankman-Fried’s parents used their house to bail him out. But they rent the land from Stanford

Shortly before Christmas, FTX founder Samuel Bankman-Fried, indicted on federal charges of fraud and money laundering, was released on a $250 million bail bond that was secured by his parents’ Palo Alto-area home.

Los Angeles Times

Madoff: The Monster of Wall Street review – grubby and jaw-dropping from start to finish

This pacy Netflix docu-series plays like a Hollywood thriller, with its trail of grimly fascinating testimonies and astonishing curveballs about the ‘financial serial killer’

The Guardian - UK

‘Madoff: The Monster of Wall Street’ deftly details the swindler’s $64 billion Ponzi scheme

Netflix doc crunches the numbers with help from experts, associates and a lookalike actor.

Chicago Sun-Times

‘He destroyed the lives of many’: How a true crime filmmaker came to view Bernie Madoff as a ‘financial serial killer’

The director tells Clémence Michallon about his new Netflix documentary ‘Madoff: The Monster of Wall Street’, the collapse of FTX, and how history seemingly repeats itself

The Independent UK

New this week: 'The Pale Blue Eye,' Iggy Pop and 'The Menu'

This week’s new entertainment releases include albums from veteran Iggy Pop and rising star Brandon Ratcliff, Lifetime concludes its coverage on R. Kelly’s victims with a two-night special, and Christian Bale stars as a detective in an 1830 whodunit alongside a young Edgar Allen Poe

The Independent UK

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi

The crypto industry suffered a big black eye, but it isn't going anywhere, Armstrong says.

Axios

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Fortune

Sam Bankman-Fried, former CEO of FTX, to land in the U.S. tonight

The easiest way to convict Sam Bankman-Fried for the FTX fraud is to gain the cooperation of Caroline Ellison, the former CEO of Alameda and Bankman-Fried's former girlfriend.

Fortune

An FBI ace on how to build an airtight case against SBF

Gregory Coleman ran the criminal investigation against Jordan Belfort, and helped seize assets that went back to Bernie Madoff victims.

The Conversation

FTX's collapse mirrors an infamous 18th century British financial scandal

Enron. Bernie Madoff. FTX.

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

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Fortune

Bronx Rep. Ritchie Torres introduces crypto legislation

At a Monday press conference, Torres compared SBF to Bernie Madoff and voiced concerns about Tether.

Fortune

Former FTX users say the failed crypto exchange was a 'Ponzi scheme.' Here's how Ponzis work

SBF, as Bankman-Fried was often called, says he didn’t commit fraud. But bankruptcy specialists say the findings so far are ‘pretty devastating.’

Zenger

Bankman-Fried Takes Accountability For The Fall Of FTX In An Interview With Good Morning America

FTX co-founder and former CEO Sam Bankman-Fried is now being labeled a criminal after coming under scrutiny amid bankruptcy.

The Independent UK

Kevin Bacon reveals he lost ‘most’ of his money in Bernie Madoff’s Ponzi scheme

‘There’s obvious life lessons there,’ the ‘Footloose’ star said

Tribune News Service

More than $4 billion has been paid to thousands of Bernie Madoff victims

NEW YORK — Thousands of victims of the late Ponzi schemer Bernie Madoff have received $4 billion in restitution, and they’re still not whole financially, Justice Department officials said Wednesday.

The Guardian - UK

A Ponzi scheme by any other name: the bursting of China’s property bubble

Only state intervention can save the day, but the pain is likely to fall on ordinary citizens, say observers

Sports Illustrated

How the New Mets Are (Mostly) Overcoming Decades of Dysfunction

Are attitude, personnel and money enough for MLB’s most confounding franchise to become a normal winning team?

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