A big part of the reason? Agent greed ... “I mean, you take a 10%, 20%, 15% of a guy's NIL money, that's BernieMadoff level,” Cronin said Friday, referencing the crooked financier who was convicted in a massive Ponzi scheme ... That's pay for play.
New York City’s “BernieMadoff of landlords” has defaulted on nearly $170 million in loans — and is facing foreclosure on a whopping 35 or so Manhattan properties, new court records show.
(MENAFN - Khaleej Times) HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard... .
Profits at HSBC slumped after Europe's biggest bank set aside �827million to pay damages to victims of BernieMadoff's massive Ponzi scheme... The latest is the gigantic Madoff ...
Profits at HSBC slumped after Europe's biggest bank set aside £827million to pay damages to victims of BernieMadoff's massive Ponzi scheme... HSBC takes $1.1bn hit as fallout from Bernie Madoff's Ponzi...
HSBC bank yesterday revealed a financial charge of $1.1 billion linked to money sought by a European fund caught up in the late BernardMadoff ’s huge investment fraud ... Madoff died in prison in 2021 following chronic kidney failure.
The hit came largely from a $1.1 billion legal provision linked to the BernardMadoff fraud case, dragging down what was otherwise a solid quarter in terms of interest and wealth income ... Madoff scam.