- Madoff Beaten in Prison
- Madoff computer programmers nailed
- SEC on Lehman Oversight: Not Good Enough
- Pelosi Tactic for Health-Care Vote Would Raise Legal Questions
- Alvarez & Marsal Gets $247 Million for Advising Bankrupt Lehman
- SEC probes TheStreet.com’s finances
Madoff Beaten in Prison – Wall Street Journal
Bernard Madoff, who is serving a 150-year sentence in North Carolina for running a fraud scheme that cost investors billions of dollars, was physically assaulted by another inmate in December, according to three people familiar with the matter.
After the attack, Mr. Madoff, who pleaded guilty a year ago and was sent to a federal prison in Butner, N.C., was moved on Dec. 18 to the prison’s low-security medical center for treatment. At the time, the Bureau of Prisons said that rumors of an assault were false and that Mr. Madoff suffered from dizziness and hypertension….
Madoff computer programmers nailed – NY Post
A grand jury handed up indictments against two former computer programmers of Ponzi King Bernie Madoff, suggesting that efforts to reach a plea deal have fallen apart.
Jerome O’Hara, 47, and George Perez, 44, stand accused of conspiracy, falsifying records of a broker-dealer and falsifying records of an investment adviser…..
SEC on Lehman Oversight: Not Good Enough – Wall Street Journal
U.S. Securities and Exchange Commission Chairman Mary Schapiro on Wednesday acknowledged that the agency’s oversight of Lehman Brothers Holdings may have been inadequate during a critical period when the company may have masked its losses.
The SEC wasn’t aware of an accounting method, dubbed Repo 105, that allegedly allowed Lehman to hide some of the risks it took before collapsing in 2008, Ms. Schapiro told the House Appropriations Subcommittee on Financial Services……
Ex-Barclays Tailor, Mosquera Start Bank Hedge Fund – Bloomberg
Rupesh Tailor and Jose Mosquera, who worked together as credit traders at Barclays Capital, are starting a regulated hedge fund in Madrid to bet on a shake-up of the banking industry using default swaps, bonds and equities.
Tailor, 30, and Mosquera, 37, will seek to profit from mergers, spin offs and bail outs as banks emerge from the worst financial crisis since the 1930s, the traders said in an interview. They are initially seeking to raise $70 million for the Breogan Global Financials Fund and as much as $200 million by yearend…..
Pelosi Tactic for Health-Care Vote Would Raise Legal Questions – Bloomberg
Pelosi said this week she might use a parliamentary technique that would “deem” House members to have passed the Senate’s health-care plan by voting for a more politically palatable package of changes.
Some legal scholars question whether that approach can be squared with the Constitution and the Supreme Court’s 1998 declaration that the two houses of Congress must approve “precisely the same text” before a bill can become a law.
“Any process that does not result in the House taking of yays and nays on statutory text identical to what passed the Senate is constitutionally problematic,” said Jonathan Adler, a professor who runs the Center for Business Law & Regulation at Case Western Reserve University’s law school in Cleveland……
Alvarez & Marsal Gets $247 Million for Advising Bankrupt Lehman – Bloomberg
Alvarez & Marsal LLC, the liquidator of bankrupt Lehman Brothers Holdings Inc., has collected almost a quarter billion dollars in fees over 17 months, according to a regulatory filing.
The restructuring firm, which provided Lehman with its current chief executive officer, Bryan Marsal, was paid $246.7 million in fees for “interim management” through February, according to yesterday’s filing with the U.S. Securities and Exchange Commission. That’s about 36 percent of the total $678.5 million paid by Lehman to its lawyers and other advisers since the September 2008 bankruptcy…..
SEC probes TheStreet.com’s finances – NY Post
TheStreet.com, the financial Web site founded by loudmouth stock picker and TV personality Jim Cramer, is being investigated by the Securities and Exchange Commission.
The publicly traded company attracted the attention of regulators because of accounting woes at a former subsidiary called Promotions.com, TheStreet.com said yesterday.
TheStreet.com revealed the news in an SEC filing explaining why it will be late reporting its annual financial results…..
Tags: Barack Obama, Bernie Madoff, Healthcare, Jim Cramer, Lehman Brothers, Mary Schapiro, Nancy Pelosi, Obamacare, Politics, prison, SEC
