As Wall Street tries to recover from the shock of the $50 billion Madoff Securities fraud case, new details are emerging about how the scheme worked, the federal investigation of Bernard Madoff and his firm, and how investors all over the world have been affected. The media usually benefits from tragedies such as these and surely some journalism career will be kick-started by Madoff's spectacular crash. Some of the most interesting stories we've seen this morning are these:
More Hedge Funds May Fail Amid Bets on Madoff, Reuters — For years, hedge fund manager Sandra Manzke trusted Bernard Madoff to deliver steady returns for her clients. Instead he may have delivered a fatal blow to her business.
List of Madoff’s Alleged Victims Grows
Investors around the world have scrambled since Friday to assess potential losses from an alleged $50 billion fraud by Bernard Madoff, the Wall Street icon arrested last week. The list of investors announcing losses continues to grow.
Inquiry Finds No Signs Family Aided Madoff
New York Times — It's still early days for the federal investigation, but so far Bernard Madoff's brother and sons, all senior executives at his firm, have not been implicated in the fraud.
SEC Didn't Act on Madoff Tips
Washington Post — According to this article, the SEC was warned about possible fraud as early as 1999.
How Madoff Could Change Hedge Funds
The fallout from Bernard Madoff's massive investment scam is being felt worldwide and has some people calling for more regulation on hedge funds. Embedded audio from American Public Media:
More Hedge Funds May Fail Amid Bets on Madoff
For years, hedge fund manager Sandra Manzke trusted Bernard Madoff to deliver steady returns for her clients. Instead he may have delivered a fatal blow to her business.
HSBC, BNP Paribas, Nomura, RBS among victims of Madoff fraud
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