In the wake of all of the large corporate scandals that have grabbed headlines recently there's a greater demand for business ethics education at colleges and universities.
On Tuesday, the Daniels Fund announced via teleconference the creation of a $7.5 million grant to be divided among six western colleges... more »
Bernard Madoff's yacht "Bull," two smaller boats and a Mercedes-Benz convertible have been auctioned in Florida for more than $1 million combined. Madoff's 1969 Rybovich, a 55-foot fishing boat, sold for $700,000 to an unknown buyer. A 38-foot Shelter Island runabout named "Sitting Bull" went for $320,000 and the 24-foot... more »
Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.
David Friehling entered a plea Tuesday. The judge was questioning him before deciding whether to accept it.
Prosecutors said previously that they expected Friehling to plead guilty to securities fraud and... more »
An autopsy was planned for a man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff. Jeffry Picower was found by his wife Sunday at the bottom of a pool at the couple's sprawling oceanside Palm Beach mansion. He died a short... more »
Fallen financier Bernard Madoff has plunged from his Manhattan penthouse to the lower bunk of a cell he shares with a drug offender at a federal prison, where he eats pizza cooked by a child molester and hangs around with a mob boss and a convicted spy, according to legal... more »
Don't be alarmed if Bernard Madoff comes knocking this Halloween. The real Madoff pleaded guilty to a decades-long Ponzi scheme that cost investors millions of dollars. The New York financier is now serving a 150-year prison sentence. But he'll be joining the witches and ghosts on spook night. Madoff masks... more »
A trustee trying to recover Bernard Madoff's assets to reimburse investors has sued his brother, sons and a niece to recover nearly $200 million.
The lawsuit was filed Friday in U.S. Bankruptcy Court in Manhattan.
In the court papers, Trustee Irving Picard says the money was received by... more »