BANKTHINK

Morning Scan: Five Madoff Associates Found Guilty; SEC Probes Complex CLO Deals

Receiving Wide Coverage ... Cue 'Law & Order' Theme: Five of Bernie Madoff's former employees were found guilty Monday night of aiding and covering up the largest investment fraud in U.S. history, putting to rest the myth that Madoff worked largely alone to swindle more than $17 billion from customers. Each potentially faces decades in prison, though the five defendants are likely to appeal. Madoff, who initially confessed to the scheme in 2008, is serving a…

To continue reading Morning Scan, please log in or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.


Already a subscriber? Log in here
Please note you must now log in with your email address and password.