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1.02 MB
Extraction Summary
2
People
4
Organizations
3
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Newspaper article / media clipping (the evening standard)
File Size:
1.02 MB
Summary
This document is a page from 'The Evening Standard' dated December 24, 2009, featuring a 'City Spy' column. It discusses recession trends in executive aircraft catering, a gossip item about an insurance broker, and primarily focuses on Bernie Madoff one year after his scandal broke. The article speculates that Madoff pleaded guilty quickly to protect his family from organized crime figures for whom he was allegedly laundering money. It concludes with a humorous note about the 'Market Abuse Association' at the University of London. The document bears a House Oversight footer.
People (2)
| Name | Role | Context |
|---|---|---|
| Bernie Madoff | Hedge fund manager / Fraudster |
Subject of the 'City Spy' column discussing his fraud, imprisonment, and rumors regarding organized crime connections.
|
| Unnamed Compliance Officer | Insurance Broker Employee |
Subject of a gossip item; passed out after Christmas lunch and taken to hospital.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| The Evening Standard (London) |
Publisher of the article.
|
|
| Institute of Advanced Legal Studies |
Part of the University of London; hosting a lecture.
|
|
| School of Advanced Study, University of London |
Academic institution.
|
|
| Market Abuse Association |
Partner organization for a lecture; subject of a joke regarding its name.
|
Timeline (2 events)
December 2009
Office Christmas lunch where a compliance officer passed out.
Unknown (London implied)
Unnamed compliance officer
Relationships (1)
Article claims rumors that his fund was washing money for organized crime and he was warned by 'friends with Italian-American origins'.
Key Quotes (4)
"No one is eating lobster. A quick turkey box lunch is the order of the day."Source
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Quote #1
"WHO MADE OFF WITH THE MONEY?"Source
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Quote #2
"Rumours persist that he pleaded guilty as quickly as he did and said the absolute minimum because he wasn't the main crook of the piece [#x2039] the main business of his hedge fund was washing money for organised crime."Source
HOUSE_OVERSIGHT_013404.jpg
Quote #3
"he was warned by friends with Italian-American origins that his life, and the lives of his family, would be at risk were he not to "take the rap"."Source
HOUSE_OVERSIGHT_013404.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,835 characters)
Page 2
CITY SPY The Evening Standard (London) December 24, 2009 Thursday
CITY SPY The Evening Standard (London) December 24, 2009 Thursday
in-flight food remains in recession. Apparently, those who supply food to executive aircraft are seeing demand soar after a slump, but says one caterer: "No one is eating lobster. A quick turkey box lunch is the order of the day." Of course, that has nothing to do with the industry being desperate to re-brand itself as time-saving and cost-efficient.
WHICH insurance broker saw a compliance officer pass out after the office Christmas lunch and have to be taken to hospital?
WHO MADE OFF WITH THE MONEY? IT's a year since the Bernie Madoff affair blew up and the hedge fund king was found to have been ripping off his clients. If he was in Britain the old fraudster would still be at liberty as lawyers pored over his case and the prosecution had barely cranked into operation. But the US is different [#x2039] his case is done and dusted, and he's languishing in jail. Even so, by US standards, the Madoff conviction was going some. Rumours persist that he pleaded guilty as quickly as he did and said the absolute minimum because he wasn't the main crook of the piece [#x2039] the main business of his hedge fund was washing money for organised crime. As soon as the balloon went up and he was arrested, he was warned by friends with Italian-American origins that his life, and the lives of his family, would be at risk were he not to "take the rap".
OETaking the rap': hedge fund fraud Bernie Madoff
UNFORTUNATE name? City Spy's eye is drawn to a forthcoming lecture at the Institute of Advanced Legal Studies, School of Advanced Study, University of London. It's in partnership with the Market Abuse Association. What? Do they wear a club tie? Do they refer to each other as fellow market abusers?
LOAD-DATE: December 24, 2009
HOUSE_OVERSIGHT_013404
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