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Investors snap up beaten down shares after Wall Street's big sell-off, credit concerns linger
NEW YORK (AP) _ Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise...Tags: Companies and Corporations, Economic Indicator, Metal and Mineral, Economy, Business and Finance, France
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Stocks Tumble As Bailout Plan Fails In House
NEW YORK (AP) -- Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 7 percent. The almost 780-point decline was...Tags: Companies and Corporations, Economy, Business and Finance, Henry Paulson, Washington Mutual Inc., Mortgages
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Banking turmoil sends a shudder through Wall Street; Dow suffers biggest point drop since 2001
NEW YORK (AP) - The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which...Tags: Companies and Corporations, Banking, Bank of America Corp., Economic Indicator, Economy, Business and Finance
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13th District: Tim Cochrane
Timothy J. Cochrane, the son of a New York City Police Officer and one of eight children growing up in the Cochrane residence, grew up in the Sunset Park section of Brooklyn. Following the lead of his father to put his family and his country first, Tim...Tags: Bay Ridge, NYSE, Ridge, Sunset Park, U.S. Marine Corps
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Dow Falls Below the 8,000 Mark
NEW YORK -- Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers amid a slumping economy disheartened investors. A cascade of selling...Tags: NYSE, Federal Reserve, Financial Markets, Stock Market, Stock Activities
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Officials: Wife of Bernie Madoff Withdrew Millions Before Arrest
NEW YORK (WPIX) -- The wife of Bernie Madoff, the man accused of swindling investors out of billions in a massive Ponzi scheme, apparently pulled $15 million out of a brokerage account shortly before her husband was carted off in handcuffs, according to...Tags: Corporate Crime, Crime, Law and Justice, Massachusetts, Manhattan (New York City), Fraud
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Over a Dozen Wall Street Brokers Charged With Fraud
Two owners and more than a dozen employees of a now-defunct Wall Street brokerage firm were indicted Wednesday on felony charges including enterprise corruption and grand larceny.
Prosecutors say the firm, Joseph Stevens & Co. Inc., owned by Joseph...Tags: Lawyers, Justice System, Corporate Crime, Crime, Law and Justice, Career and Workplace
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Victim: Madoff Family Should Be Held "Accountable"
wpix.comA sense of vindication Monday for thousands of investors who lost millions of dollars in the $65-billion dollar Ponzi scheme run by Bernard Madoff, as a judge sentenced the disgraced money manager to a maximum prison term of 150 years. "I really held...Tags: Justice System, Family, Corporate Crime, Trials, Judges
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Day Of Reckoning Comes For Bernard Madoff
It was a crime of epic proportions: a multibillion dollar Ponzi scheme that wiped out fortunes, drained retirement nest eggs, ruined charities and foundations, and even pushed some investors to commit suicide.
Six months after the scandal came to light,...Tags: The Associated Press, New York Mets, Corporate Crime, Kevin Bacon, Judges
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Ponzi Scheme With Porn Twist Busted In Brooklyn
wpix.comA Brooklyn money manager was arraigned in court Tuesday after authorities charged him with operating a 30-year $45 million Ponzi scheme that allegedly pumped investors' money into a pornography mail order business. Philip Barry, 52, of Bay Ridge, is...Tags: Mail Order Industry, Philip Barry, Corporate Crime, Pornography, Social Issues
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Root of the recession: the moral self of bankers and brokers
The Religion WorldSociologists at the University of California, Riverside and California State University, Northridge have developed a theory of the moral self that may help explain the ethical lapses in the banking, investment, and mortgage-lending industries that... -
Ex-stockbroker gets life without parole in 2006 killing of DJ
L.A. NOWA former stockbroker was sentenced to life in state prison without parole for the 2006 shooting death of a popular Denver radio host whose body was found floating in the Pacific Ocean off Santa Catalina Island, prosecutors said Monday....
Sep 30, 2008
|Story| WPIX-LTV
Sep 29, 2008
|Story| WPIX-LTV
Sep 15, 2008
|Story| WPIX-LTV
Nov 5, 2008
|Story| WPIX-LTV
Nov 19, 2008
|Story| WPIX-LTV
Feb 11, 2009
|Story| WPIX-LTV
May 20, 2009
|Story| WPIX-LTV
Jun 29, 2009
|Story| WPIX-LTV
Jun 29, 2009
|Story| WPIX-LTV
Sep 8, 2009
|Story| WPIX-LTV
Feb 23, 2012
| Orlando Sentinel
Dec 19, 2011
| Los Angeles Times
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