Epstein May Have Gamed the System From Beyond the Grave

CURT ANDERSON / The Associated Press Aug 22, 2019 The will signed two days before his suicide puts $577 million in assets into a trust, a roadblock to sex-abuse accusers to recover damages. Dig deeper ( 3 Min. Read )

The Fed Boosts Wall Street, Not Main Street

Nomi Prins / Truthdig May 1, 2018 Today's central bank collusion is nothing more than a massive “trickle down” subsidy for the financial system—and promises for the masses. Dig deeper ( 8 Min. Read )

Starbucks Drama Proves (Again) the Reactionaries Will Be Televised

Teodrose Fikre / Truthdig Apr 21, 2018 Injustice hunting has become the new favorite pastime of Americans instead of addressing the problems at their roots. Dig deeper ( 5 Min. Read )

Jeff Sessions Is Bringing Back Civil Forfeiture With a Bang

Moyers and Company Staff Aug 30, 2017 The police can take your assets even if you haven't been convicted of a crime. Dig deeper ( 4 Min. Read )

Chinese Dissidents Face Jail for Dinner Party Photo

Alexander Reed Kelly / Truthdig Jul 16, 2013 Three Chinese activists agitating for officials to make public the value of their wealth and assets will be put on trial in a "co-ordinated crackdown" that makes the limitations of an "anti-corruption push by the new government" plain, according to a Reuters report in The Guardian. Dig deeper ( 2 Min. Read )

Banks Pay Bupkis for Roles in Crisis

Staff / Truthdig Mar 8, 2012 Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis. Dig deeper ( 2 Min. Read )

Egypt Freezes Mubarak Family Assets

Staff / Truthdig Feb 22, 2011 Now that Hosni Mubarak has exited his post as Egypt's president, his reportedly extensive wealth is no longer protected by his position, and authorities in his homeland have moved to freeze his assets, as well as those of his family members, in the midst of a fraud investigation. Dig deeper ( 1 Min. Read )

BP Sheds Latin Oil Producer

Staff / Truthdig Nov 29, 2010 British Petroleum is still sloughing off assets to help cover its $40 billion fiasco in the Gulf of Mexico. The oil giant just sold a majority stake in Pan American Energy for $7 billion, putting its running total of recent asset sales at $21 billion. Dig deeper ( 1 Min. Read )

Madoff’s Victims Speak Out

Staff / Truthdig Mar 22, 2009 Some of them have only their homes, while others have no remaining assets and no means to earn income, but all of the former clients of Bernard Madoff (above) whose statements were made public by the government on Friday described in nightmarish terms their experiences since Madoff's fraudulent investment empire crumbled. Dig deeper ( 2 Min. Read )

Madoff’s Businesses Worth $10M, Tops

Staff / Truthdig Mar 17, 2009 Although $10 million is a lot of money, it's not much compared with $50 billion in lost investments. The $10 million figure represents the upper limit of the current value of Bernard Madoff's businesses, which Madoff had valued at $826 million before his proverbial fall. It doesn't look good for his defrauded investors' chances of reclaiming much of their missing funds. Dig deeper ( 1 Min. Read )

Citigroup Does the Splits

Staff / Truthdig Jan 16, 2009 After receiving $45 billion from U.S. taxpayers just two months ago, Citibank's much-maligned parent Citigroup will be no longer, as the financial giant announced in Solomon-style manner Friday that it will split itself into two, dividing the company's traditional banking business -- becoming Citicorp -- and its riskier investment department -- Citi Holdings. Dig deeper ( 1 Min. Read )