$50m In Madoff Losses Absorbed By National Bank Of Kuwait, Young Jeezy Calls For Madoff’s “Punk Ass”

Hope is soaring amongst the formerly rich investors who were stung by Madoff, after the National Bank of Kuwait fully reimbursed 20 or…

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Posted by Ben Beaumont-Thomas in Hot Money | January 30, 2009 2:50PM | 1 Comment »

Jesus, Not Another One: Nicholas Cosmo Is The Newest Ponzi In Town

The financial crisis has exposed yet more Ponzi-style wonkiness in the form of Nicholas Cosmo, who was arrested yesterday after an…

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Posted by Ben Beaumont-Thomas in Hot Money | January 27, 2009 1:09PM | 6 Comments »

Arthur Nadel, Rod Cameron Stringer And Patrick Rocca – This Week’s Madoffs And Merckles

Arthur Nadel, who we saw running away from the cops last week after scamming people with his inflated hedge fund, was…

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Posted by Ben Beaumont-Thomas in Hot Money | January 22, 2009 1:09PM | 1 Comment »

It’s Not Just Madoff and Raju – UK Corporate Fraud Up To £1.2bn

What with Madoff, B Ramalinga Raju, that Special Ops guy who tried to fake his own death, and now…

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Posted by Ben Beaumont-Thomas in Hot Money | January 19, 2009 1:45PM | 1 Comment »

B Ramalinga Raju “Gets Off The Tiger” And Joins The Fraud Party

Another day, another billion-dollar fraud. This time round it’s B. Ramalinga Raju, CEO of Indian outsourcing company Satyam Computer Services; he’s been fiddling…

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Posted by Ben Beaumont-Thomas in Hot Money | January 8, 2009 11:50AM | 1 Comment »

Bernard Madoff Fraud Fallout Continues In Ever More Depressing Ways

As some wag noted in the comments section of one of the Merckle posts, Bernard Madoff must be under a life-threatening level of…

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Posted by Ben Beaumont-Thomas in Hot Money | January 7, 2009 1:34PM | 7 Comments »

Columnists, Wronged Investors, Anti-Semites All Off Leash After Madoff Fraud

The Bernard Madoff fraud looks like it’s leaving the initial “shock” phase, and moving towards the “rage”, “guilt” and “gloating anti-semitism” zones.

First, the rage.…

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Posted by Ben Beaumont-Thomas in Hot Money | December 17, 2008 1:26PM | 5 Comments »

Party’s Over For Hedge Funds As Madoff Fraud Continues Apace

The Bernard Madoff Ponzi scheme went on claiming scalps throughout yesterday, some troubling, some massively incensing, some instilling a guilty schaudenfraude.

Worst of all of…

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Posted by Ben Beaumont-Thomas in Hot Money | December 16, 2008 12:57PM | 1 Comment »

Bernard Madoff’s Fraud Fallout Continues, Burns Man Group And Many, Many Others

The financial world’s panto villain for this season has emerged in the form of Bernard Madoff, the investment adviser whose investment unit Madoff Investment Securities…

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Posted by Ben Beaumont-Thomas in Hot Money | December 15, 2008 2:05PM | 1 Comment »