B4LLS/iStock via Getty Images Co-produced with Philip Mause It was often said that the early part of this century was the "golden age" of fraudulent schemes capped off by the enormous Madoff catastrophe, which is still the subject of media attention. Madoff was one of the main character...
Do you have $30,000 burning a hole in your pocket? You’ll be rewarded if you can invest it for the long haul. As this compound interest calculator demonstrates, investing $30,000 at a return of 8% for 20 years will leave you with $138,828. If you can secure a return of 10% over that time, you’ll en...
FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement. Here is an explainer on how his deal stacks up and how bail works: Was Bankman-Fried expected to get bail? Defen...
The best brokerage accounts for beginners are free to use, have no minimum investment requirements, and allow you to make trades right from your phone. Some of the brokers I recommend to new investors include TD Ameritrade, Robinhood, and E*TRADE. Whether you want to save for retirement or buy...
Following the collapse of the FTX crypto exchange, the platform’s founder Sam Bankman-Fried (SBF), has embarked on a media tour attempting to explain what went wrong. However, Bankman-Fried has been warned regarding the approach. In particular, Ira Sorkin, the lawyer who represented Bernie Madoff,...
Illustration: Natalie Peeples/Axios The cascade of legal charges dropped on Sam Bankman-Fried and his collapsed empire this week will do little to dispel the regulatory fog surrounding crypto. Why it matters: At first glance, the arrest, criminal indictment and civil charges — brought...
Save more, spend smarter, and make your money go further When it comes to building your wealth and planning for your financial future, investing is one of the best decisions you can make. The benefits of smart investing are plentiful. When done strategically, investing can al...
Passages (Ira Sachs, 2023). The Sundance Institute has announced the films selected for their 2023 Festival, which will take place in-person in Park City, Utah, from January 19-29, 2023. A selection of the films will be available virtually in the US from January 24-29. U.S. DRAMATIC COMPE...
Dec 22 (Reuters) - FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement. Here is an explainer on how his deal stacks up and how bail works: Was Bankman-Fried expect...
“Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One” As a result of the financial crisis of 2008, Warren Buffett lost about $23 billion personally, and his company, Berkshire Hathaway, lost its AAA credit rating. So how can he tell us not to lose money, then? His p...