Investing, Corrupt Investors | featured news

Barrett Wissman is the first investment executive to be implicated in an investigation of corruption at the New York state pension fund.

The lawyers of disgraced US financier Bernard Madoff contest a judge's decision to revoke his bail and send him to jail.

NEW YORK (Reuters) - Bernard Madoff, who cultivated a worldwide mystique as he churned out amazingly steady returns for his investors year after year, finally admitted it was all a lie, saying he had felt compelled to deliver "at any cost."

NEW YORK (Reuters) - Bernard Madoff, accused mastermind of a $50 billion investment fraud, is expected to plead guilty to criminal charges next week, three months after his arrest shocked his customers worldwide.

Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.

The avalanche of legal and personal problems tumbling onto a brazen investor grew with the addition of federal charges that he faked a distress call and crashed his plane in an attempt to foil authorities.

Besieged money manager Bernard Madoff avoided prison again Wednesday, when a judge ruled that he can remain on bail while  the government investigates the case.

Young, handsome, confident, smooth talking. That's how some commercial pilots described financial planner Marcus Schrenker, the runaway pilot who authorities say bilked investors out of millions and tried to fake his death in a plane crash. "You could trust this guy. He was a pilot, and he understood us," one said.

Marcus Schrenker, the financial manager who officials say faked his own death in a plane crash after scamming his customers, has been found after an apparent suicide attempt, Florida and federal authorities said Tuesday.