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1.11 MB
Extraction Summary
1
People
4
Organizations
3
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
News article / media clipping
File Size:
1.11 MB
Summary
This document is a page from The Evening Standard's 'City Spy' column dated December 24, 2009. It contains short segments discussing recessionary catering for executive aircraft, rumors that Bernie Madoff pleaded guilty quickly to protect organized crime connections ('take the rap'), and a humorous observation about a group called the 'Market Abuse Association.' The document bears a House Oversight Bates stamp.
People (1)
| Name | Role | Context |
|---|---|---|
| Bernie Madoff | Hedge Fund Manager / Fraudster |
Subject of a segment regarding the speed of his conviction and rumors regarding organized crime connections.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| The Evening Standard |
London Newspaper, source of the article (City Spy column).
|
|
| Institute of Advanced Legal Studies |
Hosting a lecture mentioned in the column.
|
|
| School of Advanced Study, University of London |
Parent institution of the Institute of Advanced Legal Studies.
|
|
| Market Abuse Association |
Partner organization for the lecture, mocked for its name.
|
Timeline (2 events)
Circa 2008/2009
Relationships (1)
Article mentions rumors that his fund was washing money for organized crime and friends with 'Italian-American origins' warned him to take the rap.
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"Source
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Quote #3
"the main business of his hedge fund was washing money for organised crime."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (1,837 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.
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?
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".
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 Stud-
ies, 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?
ies, 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_013431
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