BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

Madoff items' auction fetches $500,000

The auction of personal possessions seized from Ponzi schemer Bernard Madoff's Palm Beach mansion, held during the weekend, generated as much as $500,000, according to the US Marshals Service which......

Madoff's auditor charged with fraud

Bernard Madoff's accountant for nearly two decades was on Wednesday charged with securities fraud as US prosecutors widened their investigation into one of the biggest investment frauds in history.......

Madoff spent nearly $1 mn on lobbying

Financier Bernard Madoff, in jail now, had shelled out nearly $ 1 milliontowards lobbying and in campaign contributions, of which a large part went to the Democrats, a US research group has said.......

Madoff's life of make-believe

The exact scale of Bernard Madoff's Ponzi scheme may never be known, but it probably runs to tens of billions of dollars. Mr Madoff snookered thousands of the wealthiest people in America, dozens......