Money managers under the microscope
News and views on the asset management industry from Reuters and elsewhere:
The latest update on the health of convicted fraudster Bernard Madoff, from the Federal Bureau of Prisons, is that Madoff is NOT dying of cancer.
A spokeswoman said in a written statement: “Bernie Madoff is not terminally ill, and has not been diagnosed with cancer”, although the bureau didn’t deal with every point raised in the New York Post story.
One story from the New York Post understandably attracting plenty of interest, despite official denials: Bernie ‘Dying’ in Jail.
The Post reports the jailed fraudster, who is serving a 150-year prison sentence, has told fellow inmates he is dying of cancer. One inmate says Madoff was taking “about 20 pills a day” and “not doing very well”.