Where Are They Now: Key Players In The Madoff Case
Jack Queen, 14 April 2021
Law360 (April 14, 2021, 9:05 PM EDT) — Ponzi king Bernie Madoff’s jailhouse death was all but guaranteed the moment he was sentenced. Before a packed federal courtroom in Manhattan — after the lawyers, victims and Madoff himself had spoken — Judge Denny Chin decided what punishment fit the financial crime of the century: 150 years, the maximum sentence available.
The decision prompted an outburst of cheers from the dozens of victims present. But it was the only joyful moment of a proceeding marked by anguished testimonials from victims, calls for justice from prosecutors, and pleas for mercy by Madoff’s defense team, which had asked for 12 years. Continue reading “Article: Where Are They Now: Key Players In The Madoff Case”
Markets were shaken but unstirred by the collapse of Greensill and the Archegos unwind trades. Credit Suisse is the ultimate loser of the two scandals – reputationally damaged and holed below the water line. The bank is paying the price of years of flawed management, poor risk awareness. and its self-belief it was still a Tier 1 global player. Its’ challenge is to avoid becoming the Deutsche Bank of Switzerland – which it will struggle to do without a radical and unlikely shakeout. 
The hits keep coming for investment banking giant Credit Suisse. 