Madoff admits $50bn fraud scheme
Financier Bernard Madoff is jailed after pleading guilty to all 11 charges in a $50bn (£35bn) fraud and apologising to investors.
March 13, 2009
Madoff goes from penthouse to penitentiary
NEW YORK (Reuters) - Multimillionaire swindler Bernard Madoff is leaving the luxury of his Manhattan penthouse to become just another inmate in a crowded jail.
Hedge funds to suffer further in scramble for cash
LONDON (Reuters) - The hard-hit hedge fund industry will shrink back to 2005 levels of around $1 trillion (730 billion pounds) this year as cash-needy investors, rocked by the Bernard Madoff scandal and further performance losses, get a chance to exit.