Stories tagged with Recent Stories

Madoff trustee sues Fairfield Greenwich to recover funds

By Carol Eisenberg   |   May 19, 2009 at 3:26pm   |   2 Comments

The court-appointed trustee of Bernard Madoff’s defunct firm is going after the millionaire middlemen who acted as witting or unwitting accomplices to Madoff’s $65 billion Ponzi scheme.

J. Ezra Merkin to give up control over hedge funds

By Carol Eisenberg   |   May 19, 2009 at 1:02pm   |   0 Comments

Financier and philanthropist J. Ezra Merkin assented Tuesday to step down as manager of his hedge funds and to place them into receivership.

NY Fed’s Stephen Friedman resigns over ties to Goldman

By Carol Eisenberg   |   May 8, 2009 at 12:27pm   |   0 Comments

Stephen Friedman’s extensive contacts and expertise made him a go-to player on Wall Street. But it was precisely that web of connections that raised conflict-of-interest issues in his latest job at the Federal Reserve Bank of New York.

Court-appointed trustee goes after Madoff family’s wealth

By Carol Eisenberg   |   May 6, 2009 at 12:27pm   |   0 Comments

It looks like court-appointed Madoff trustee Irving Picard is going after the whole shebang: Not just Bernard Madoff’s Manhattan penthouse and home in the Hamptons, but also a good chunk of the wealth accumulated by family members.

Rep. Murtha’s nephew got no-bid defense contracts

By Carol Eisenberg   |   May 5, 2009 at 1:58pm   |   0 Comments

A nephew of U.S. Rep. John Murtha, D-Pa., has received millions of dollars in no-bid Pentagon contracts for his company, Murtech Inc.

Beverly Hills manager Stanley Chais sued by Madoff trustee

By Carol Eisenberg   |   May 5, 2009 at 11:29am   |   0 Comments

Jewish philanthropist Stanley Chais was one of Bernard Madoff’s earliest investors, steering tens of millions of dollars of other people’s money to the convicted swindler.

Ed Gillespie, Whit Ayres model GOP nonprofit on Carville group

By Carol Eisenberg   |   May 4, 2009 at 3:24pm   |   1 Comments

Casting about for ways to rebuild the Republican party, a group of GOP stalwarts have sought to replicate a 10-year-old Democratic organization founded by former Clinton strategist James Carville.

And Arlen Specter makes 60?

By Carol Eisenberg   |   April 28, 2009 at 1:49pm   |   0 Comments

Pennsylvania Sen. Arlen Specter said today he is leaving the Republican Party and will run for re-election in 2010 as a Democrat, increasing the odds that Democrats will achieve a filibuster-proof majority.

Reporters get pink slips in life, hero’s billing in movies

By Carol Eisenberg   |   April 27, 2009 at 4:03pm   |   0 Comments

The newspaper industry is laying off thousands, even as reporters like Steve Lopez of the Los Angeles Times are cast as heroes in new movies like The Soloist.

Liz Peek outed as author of “Confessions of a TARP Wife”

By Carol Eisenberg   |   April 23, 2009 at 12:34pm   |   1 Comments

She calls herself a TARP wife, and offers a rare glimpse of what it’s like to be married to a Wall Street executive and former Master of the Universe who took billions in taxpayer dollars to bail out his company.

Ross G. Douthat follows in footsteps of William Kristol

By Carol Eisenberg   |   April 22, 2009 at 1:59pm   |   0 Comments

Like the man he replaced at the New York Times, Ross G. Douthat was a conservative voice in the wilderness during his undergraduate years at Harvard (’02).

Citigroup, Goldman Sachs recruit lawmakers’ ex-aides

By Carol Eisenberg   |   April 15, 2009 at 12:52pm   |   1 Comments

In the past year, top bailout recipients including Goldman Sachs and Citigroup have dispatched dozens of former congressional staffers and ex-government officials to lobby their former bosses on the financial rescue package.

Fannie Mae chief Herb Allison in line to oversee TARP

By Carol Eisenberg   |   April 14, 2009 at 2:29pm   |   0 Comments

Word is that Herb Allison, a longtime Wall Street executive with ties to Treasury Secretary Timothy Geithner, will be tapped to head the government’s $700-billion financial rescue program.

Former NY Rep. Vito Fossella pleads guilty to DUI

By Carol Eisenberg   |   April 13, 2009 at 5:48pm   |   0 Comments

Vito Fossella, the former GOP congressman from Staten Island, NY, pleaded guilty to a drunk driving charge Monday, in a change of heart which his lawyer said was prompted in part by the drunk driving death of a Major League Baseball player last week.

Murtha seeks earmarks for PMA clients; Visclosky steers clear

By Carol Eisenberg   |   April 8, 2009 at 1:41pm   |   0 Comments

Consider it a tale of two congressmen in the crosshairs.

Sandy Weill pumps $170M into Weill Cornell Medical College

By Carol Eisenberg   |   April 7, 2009 at 5:11pm   |   0 Comments

By the time he is done with the latest chapter of his life, the ‘House that Sandy Built’ may become shorthand for Cornell Medical College, rather than now-teetering Citigroup.

J. Ezra Merkin sued for civil fraud in Madoff probe

By Carol Eisenberg   |   April 6, 2009 at 12:49pm   |   0 Comments

The financier, philanthropist and former GMAC chairman who steered more than $2 billion of investors’ money into Bernard Madoff’s Ponzi scheme was sued Monday by New York Attorney General Andrew Cuomo.

DA: NY art dealer used Ponzi-style scheme to bilk investors

By Carol Eisenberg   |   April 2, 2009 at 10:48am   |   0 Comments

As Bernard Madoff used stocks to lure investors, prosecutors say Manhattan gallery owner Lawrence B. Salander used works of art.

Holder to drop case against former Alaska Sen. Ted Stevens

By Carol Eisenberg   |   April 1, 2009 at 3:59pm   |   0 Comments

The slate will be wiped clean for former Alaska Sen. Ted Stevens. At least in the eyes of the law.

Alfonse D’Amato is paid lobbyist for 9/11 Memorial Fund

By Carol Eisenberg   |   March 31, 2009 at 4:23pm   |   0 Comments

The former New York senator is working as a paid lobbyist for the World Trade Center Memorial Fund to help the group win approval for a commemorative coin to be used as a fund-raising tool.

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