TITLE

Madoff Bid Compute. Sort Of

AUTHOR(S)
Jaworski, Alexa
PUB. DATE
August 2009
SOURCE
Securities Industry News;8/17/2009, Vol. 21 Issue 18, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the complaint of the U.S. Securities and Exchange Commission that the programmers at Bernard L. Madoff Investments Securities have generate fictitious transaction and account histories under the direction of finance chief Frank DiPascali Jr. using a single IBM AS/400 computer. The accounts were organized by the programmers on the computer by setting them up so that one set of trades could be entered on an aggregate basis for all accounts.
ACCESSION #
43917942

 

Related Articles

  • Red flags, regulators, reputations and regrets. Solnik, Claude // Long Island Business News (7/1993 to 5/2009);3/6/2009, Vol. 56 Issue 12, p29A 

    The article focuses on Harry Markopolos and his discovery of Bernard L. Madoff Investment Securities Ponzi scheme even before the scandal sparks off in the U.S. Markopolos had seen several red flags concerning the works of Bernard Madoff after he figured out how come the company earns better...

  • An accounting tragedy. MASON, ELI // Accounting Today;5/4/2009, Vol. 23 Issue 7, p6 

    The author reflects on the fate of the Friehling & Horowitz accounting firm as a result of complicity to the Bernard Madoff scandal. He notes that the New York-based accountants received a fee of $12,000 to $14,000 a month from Bernard L. Madoff Investment Securities LLC to prepare the...

  • Rule Shines Light on Nasdaq Dealers.  // Traders Magazine;Jan2002, Vol. 15 Issue 191, p24 

    Highlights the statistics released by the Nasdaq market makers in the first round of best execution reports as of January 2002. Roles of market dealers under the United States Securities and Exchange Commission's Rule 11Ac1-5; Performance of Prudential Securities and Bernard L. Madoff Investment...

  • Madoff Charged with Ponzi Scheme of "Epic Proportions".  // ComplyNet;Dec2008, p7 

    The article reports that the U.S. Securities & Exchange Commission (SEC) has charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC, with securities fraud for a Ponzi scheme that he perpetrated on advisory clients of his firm. The complaint of the SEC...

  • Madoff fools many, including SEC. McMahon, Chris // Futures: News, Analysis & Strategies for Futures, Options & Deri;Feb2009, Vol. 38 Issue 2, p14 

    The article focuses on Bernard Madoff's, founder of Bernard L. Madoff Investment Securities LLC (BLMIS), fraudulent investment scheme in the U.S. It outlines the skepticism of financial professionals regarding Madoff's consistent returns despite the inconsistent market performance, and how he...

  • Legislators Split On Madoff Case Roots, Lessons. Flitter, Emily // American Banker;1/6/2009, Vol. 174 Issue 3, p20 

    The article reports members of the U.S. Congress disagree on whether the financial scandal at Madoff Investment Securities LLC resulted in part from insufficient government regulation. Democrats say the U.S. Securities and Exchange Commission needs more funds to fight fraud. Republicans say the...

  • CALLED TO ACCOUNT.  // Accountancy;Sep2009, Vol. 144 Issue 1393, p11 

    The article offers accountancy news briefs. Accountant Ewan Joseph Tracey was convicted of stealing money from his employer and was excluded from the Institute of Chartered Accountants in England & Wales organization. The Accountancy and Actuarial Discipline Board has begun investigating the...

  • Second Circuit Says Feeder Fund Investors Are Not Customers under SIPA. Weisgerber, Erica S. // Bankruptcy & Insolvency Litigation;Spring2013, Vol. 18 Issue 3, p20 

    The article discusses the ruling of the Second Circuit (SC) that the indirect investors of Bernard L. Madoff Investment Securities (BLMIS) LLC are not entitled to compensation under the Securities Investor Protection Act. It offers information on the SC's affirmation of the bankruptcy and...

  • The Hedge Fund World's Most Wanted. Terzo, Gerelyn // Investment Dealers' Digest;3/13/2009, Vol. 75 Issue 11, p1 

    The article discusses developments in the U.S. hedge fund industry. It highlights the rampant fraud in the industry, which includes the case wherein Bernard L. Madoff Investment Securities LLC pleaded guilty to numerous alleged crimes and other cases involving Stanford Financial Group Inc. and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics