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Archive for the ‘Finance’ Category

Madoff moving to federal prison

Tuesday, July 14th, 2009

NEW YORK (Reuters) - Swindler Bernard Madoff was temporarily moved to a prison in Atlanta from New York and was in transit to yet another facility on Tuesday, a U.S. official said.

A spokeswoman at the Federal Bureau of Prisons said Madoff “had left Atlanta and was in transit” after U.S. prison records showed that the disgraced financier was taken to the United States Penitentiary in Atlanta, Georgia, from his New York jail cell.

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Madoff Jailed For 150 Years For £30bn Fraud

Monday, June 29th, 2009

Crooked Wall Street financier Bernard Madoff has been sentenced to 150 years in jail for swindling investors out of billions of pounds.

The 71-year-old was handed the maximum prison term for the crime, despite apologising in court to his victims.

Madoff said he would have to “live with this pain for the rest of my life”.

He admitted masterminding an enormous pyramid scheme that duped over 4,000 investors out of their money.

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The right current account for you

Wednesday, June 24th, 2009

Whether you’re usually in the black or the red, we’ve got the perfect current account for you.

If you normally have a healthy balance, any current account which pays a derisory rate of interest - or worse still pays no interest at all - is a no go area for you. In the same way, if you tend to go into the red regularly, an account which charges an extortionate overdraft rate is one to avoid too.

In this article, I’ll weed out the best current account for you, no matter how you manage your money. So, let’s kick off with a look at the top choices for account holders who always have a decent credit balance:

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