a new scandal in the bernie madoff scandal?elationships with each other and madoff himself? it's all the word on wall street. we have the scoop at the end o the day, it's all about "money." ♪ melissa: the rumors, secrets, behind the sces gossip. if that's what you want, well, you're in the right place because we have it all on "money," and today, everyone is talking about the shocking new allegations tied to bernie madoff and the upcoming trial of the five of the former employees. bomb shell court documents reveal all b one of the workers were in on a romantic an/or sexual relationships with each other, a ove triangle, including madoff himself. they are asking for details. i bet. it's all the word on wall street. here with the salacious scoop -- can't get through it without laughing. adam, you apparently have salacious scoo as well? wow. you know, when you hear this story, you sort of cringe. >> it's a visual you don't need, bernie madoff, right. melissa: what's the point of bringing it out now? >> so, what the prosecutors did

a new scandal in the bernie madoff scandal? relationships with each other and madoff himself? it's all the word on wall street. we have the scoop. at the end of the day, it's all about "money." ♪ we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one me innovative rson serious investors are choosing fidelity. now get 200 free trades when you open an account. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. melissa: the rumors, secrets, behind the scenes gossip. if that's what you wa

. >>> coming up the bernie madoff of china and later, teen retailers took it on the chin this season. what did they get wrong? we'll try to get answer ps but first here is a look how the international market faired today. investors could be on cloud nine now and that kicks off tonight's market focus. the cloud based manufacturer said sales rose 31% to nearly a billion dollars. the company is raising the revenue guidance for the year. shares closed at $43.65. >>> less stellar news for kay jewellers and jared miss the second quarterest mitts and issued a weak outlook. part of it was an 8% drop in sales in the uk stores. shares fell 4% to $67. >>> investors in campbells soup weren't saying mmm, mmm good after revenue came in short of expectations at the core u.s. businesses as they cooled down. as a result, shares were off by 3% to $43.33. >>> and google is losing one of it's top executives to a chinese smart phone maker. vice president of google's platform android is going to china's which makes, you guessed it, android based phones. shares were up to $855.43 a share. >>> leading the un

it revealed that, quote, one of the defendants was involved in a love triangle with bernie madoff himself have been charged in connection with that $65 billion fraud madoff himself, of course, serving 150-year prison sentence in north carolina. the mystery is who else was involved in this love triangle. the five name include joanne kruppy who worked in the investment advisory business, handling a lot of the funds. annette bongiorno. perez, and daniel bonventre. there's speculation the love interest could be the wife of one of the male defendants. of course, it's not the first time that madoff has been accused of infidelity. cheryl weinstein wrote an book about her alleged one-year affair with madoff. maybe there are more books on the way. >> you know, prosecutors can sometimes use those kinds of relationships as leverage, if there's a revenge factor that could play in. are we talking about the possibility of that happening? >> reporter: well, it's a little unclear why prosecutors submitted this. on the one hand, they want the witness' testimony to be accepted and they don't want this issu

day words but some of these regulators that interest turn a blind eye there for instance think bernie madoff it was laid out for them they just didn't do anything about it so is it possible that our system of bureaucratic regulations can ever work. so he no i like i like to keep an optimistic hope and think that it might that it might work and you know it's kind of interesting when you look in retrospect i talked to lots of people that worked at enron when you look at it in retrospect you could say oh it was there all along we should have seen it all along the problem is that the moment you didn't want to see it and because you didn't want to see your reality was actually quite different . you know i don't know if you like any particular sports team but every sports friend knows. if they go to a game and the referee is calling a call against a team they can't help but think they were freed evil vicious stupid blind something like that we have a desire to see the world in a certain way we and we have the tremendous capacity now later on you could say i could have done it all along i think in

because the government owns lloyds as well right another word for that is ponzi scheme and just like bernie madoff ponzi scheme or you call it the straw man is buying the shares in this case the straw man being osborne he's buying his own share same thing in the bank of england they issue bonds that they themselves buy back in the open market so that is a classic definition of a ponzi scheme they're inflating this enormous real estate share bubble the thing that got them into trouble in two thousand and eight instead of reforming the banks they simply attempt and have succeeded so far in blowing a bigger bubble if they wanted to increase the wages of people in the u.k. they could do one very simple thing. increase the wages of people in the u.k. simply double the minimum wage you don't have to go through the machinations of manipulations through the bank of england pay some foreign hockey puck damage to the brain mark carney to come in there and spill a lot allies on the b.b.c. and take a lot of money that is going to distribute those bodies in the banking industry claiming it's going to increase

it is currently home to the former chicago police commander john birge ponzi scheme are bernie madoff. in a placement is actually determined by the bureau of prisons based on a variety of factors including medical needs. his lawyers say he requires continued treatment for severe depression and bipolar disorder. >> be sure to tune to wgn for complete coverage of tomorrow's sentencing. our live reports begin tonight at 9 from washington d.c.. we will have all the latest on our web site as well. >> a sweeping new voting law and north carolina has already been hit with a lawsuit. the governor signed a bill yesterday that requires voters to show a valid id at the polls. it also reduces the schedule for early voting and bars people from registering to vote on election day. the american civil liberties union is among the groups challenging the law. opponents argue that it hurts minorities and young and the poor while supporters say it cracks down on voter fraud and standardizes the elections across the state. a federal judge throws out a racial discrimination claim made against paula dean, t

charges were brought against two former jp banker and then also the government is investigating how bernie madoffd, right now same-sex couples in equador are not allowed to get married but a legal loophole might change that. we've got that story up ahead. h. well now i'm her dietitian... ...and last year, she wasn't eating so well. so i recommended boost complete nutritional drink to help her get the nutrition she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost drink has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones, and 10 grams of protein to help maintain muscle. and now boost comes in two delicious, new bars. look for them next to boost drinks. [ dietitian ] now, nothing keeps mom from doing what she loves... ...being my mom. grrrrreat outdoors,ietitian ] and a great deal.thing keeps mom ahhh let's leave the deals to hotels.com. perfect! yep, and no angry bears. up to 30% off. only at hotels.com. everybody has different ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that

associates of bernie madoff will face trial october 7.refused to delay the fraud trial. defense attorneys objected to the word of the indictment alleging some defendants were told to commit fraud. they've entered pleas of not guilty. also inventory fell two tenths of a percent in june, the third straight monthly drop. sales grew by four tenths of a percent. the combinations leading the business to start restocking and good factory production coming months. that is latest from the fox business network, giving you the power to prosper. tracy: shares are soaring almost 25% today after a blowout quarter. the rare disease drug maker released his first commercial drug earlier this year. another one in the pipeline. joining us, company ceo. doctor, first we have to explain to people how you could be doing so well and not even have a commercial drug of your own. how are you making money? >> we are fortunate to have our first drug up in the u.s. it is a drug that really meets the needs of patients who need it. this explains the successful launch w

could this man be brooklyn's own bernie madoff?n that neighborhood never conceived that this schlubby-looking guy was going to hurt them. >> narrator: because, unlike madoff, philip barry's no fancy billionaire flaunting the high life in front of his victims. he's one them. >> he was wrapping himself in the mantle of the hardworking work ethic of that neighborhood and using it to lure people in. >> narrator: and he's quietly building what may be the longest-runninnz

this guy is the bernie madoff of big city mayors but he's touted to the sky. you know, you do have irresponsible people. no doubt about it. >> yeah. i think the point here, lee, and dean, is really important is that when those promises were made, if they were made irresponsibly, they were made by someone who aren't the 19,000 pensioners in detroit struggling to get by. lee saunders from the afscme

said this isn't like bernie madoff. this isn't a ponzi scheme. the real victim here was his campaign. the judge said, well, the actual victims were the contributors. none of them thought they were writing checks to buy two elk heads for jesse jackson's house. the problem, the judge said, is there's so many victims, so many contributors that there's no way to figure out what each of them are due. so that's part of the calculus for the punishment. you heard all this talk about bipolar disorder, which the defense clearly hoped the judge would take into account. i think she did. when she was pronouncing sentence, she said extended incarceration for jesse jackson would begin to have diminishing returns, both in terms of the treatment and therapy that he needs, which she said the prison could probably offer, but he'd do better outside, and secondly, the fact that he does have a promising career and the sooner he can get on with his life, the better for everybody. in addition to all these crimes, and she spent a lot of time talking about that, nonethele

praise their victimizers until the moment they realize their money is gone and compare this to bernie madoffuse they thought they were getting such great returns until they realized it was a scam. same thing with donald trump. >> now, in your lawsuit, it says, quote, mentors compel students to complete the nonanonymous evaluations in their presence, filled out the forms themselves, or pressures students into giving higher scores. that how you get 98% approval rating? >> i guess so. we don't even know if the 98% number is true. but we have gotten dozens of complaints came to our office, came to better business bureau. now that we filed the lawsuit, we're getting complaints from other states. a lot of people are upset about this. as i said, there is a class action suit in california by disgruntled students. people were not happy once they realized they hadn't gotten anything, once they got out and discovered that the mentorship program they thought they were buying was useless and the people wouldn't return their calls there are very few people who i think that trump is going to be able to bri

this guy is the bernie madoff of big city mayors but he's touted to the sky. you know, you do have irresponsible people. no doubt about it. >> yeah. i think the point here, lee, and dean, is really important is that when those promises were made, if they were made irresponsibly, they were made by someone who aren't the 19,000 pensioners in detroit struggling to get by. lee saunders from the afscme union. dean baker from center for economic policy research. thank you gentlemen, both. that is "all in" for this evening. the "rachel maddow show" starts now. >>> good evening, chris. thank you, my friend. thanks to you at home for staying with us the next hour. the city of winston-salem has not quite a quarter million people in it. it is a substantial city. big companies are based there. several colleges are based there. winston-salem is the fifth largest city in the state of north carolina. the mayor of winston-salem is this man, allen joines, a democrat, up for re-election of mayor this year. the challenger on the republican side is this man, james lee knox. he wo

this guy is the bernie madoff of big city mayors but he's touted to the sky.le people. no doubt about it. >> yeah. i think the point here, lee, and dean, is really important is that when those promises wer

not provide us that clip, but this is what she says after falling on hard times as the wife of a bernie madoffcharacter. okay, here, we are quoting. mad type character. you know, i sold what jewels and furs i could hide from uncle sam. oh, god, i'd hate to tell you about that rude awakening, that your jewelry is to priceless when you buy it until you're desperate for money, forced to sell, then it seems you cannot give it away. the ceo is with me right now. we did call woody allen, but he declined to comment. great to have you. i want to talk a lot about what's going on in your business, but first, let's talk about this movie. you took issue with the fact your company's name was mentioned of a decline in value of jewelry. >> look, the movie is great and i have great admiration for woodlwoo woody allen. it fits the story with reality. we put it behind u us and it's us and it's actually fun to be quoted in the movie, however, we've got to set the record straight because she can't be further from the truth. >> let's do that. you and i have talked in the past, a diamond you bought 20 years ago is

this man is shown as the bernie madoff of china, like the americans, he was found guilty of defraudingnvestors in a massive ponzi scheme. unlike madoff, he was executed by firing squad. zeng's death is raising questions, was he a perpetrator or a pawn of a flawed financial system that has become a threat to china and the world? china's financial sector has long been controlled by the government can state-owned companies getting cash whenever while private companies are largely cut off. >> basically a small company needs financing. you have shadow banking developing. it is as simple as that. >> he built 57 developments using money borrowed from the community, a common practice in china. nearly all of these buildings were built by zeng. he was an influential figure that this road was supposed to be named after him. he offered returns of 24 to 80%, attracting investors like this retired math teacher who didn't want to show his face for fear of reprisal by government authorities. >> more than 90% of families were engaged in the shadow financing. you would be a fool not to do it. people her

. >>> from bernie madoff to enron, financial crimes have been stealing the headlines for years. has the global economic crisis made things even worse? we discuss at 10:45 cet. >>> india's latest inflation figures aren't helping the country's efforts to revive the economy as the headline number blows past estimates. we check in on what this means for the rupee. we're live in mumbai next. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. >>> carl icahn takes a break from his battle with michael dell to focus on yet another tech company. apple had its second best day of the year, up 5%

you can say me know stinks'.peop people can see everything uld, but madd they sho bernie madoff, but you can't say that the average rapist and murdereraverage rapist and murds of that level. it's not really him. it's his parenting. it's poverty, and so on. so, the blaming of outside forces for human evil is a very deep part of leftism. the materialist view of life is part of secular leftism. in fact leftism is by and large opposed to a strong religiousity because marx said the obstacle to -- is religion. religion says try to be happy in the world that exists and leftey. says make utopia here. religion says utopia is in the next life. so those are part of the, whichics and they're all developed in the book. >> host: dennis prager is our gift. if you want to call him the numbers are on the screen. >> or go to our facebook page. you can post a comment on mr. prager's name. it's on the top of the page. >>> no, mr. prager, in "till the best hope" in the chapter, why left succeeds, or part of the book why the left succeeds, favored groups are rarely to blame, you say, about certain issues.

people can say everything terrible, and they should, about bernie madoff, white collar criminal but you can't say the average rapist and murderer is of that level. it's not really him. it's his parenting. it's poverty, and so on. so, the blaming of outside forces for human evil is a very deep part of leftism. the materialist view of life is part of secular leftism. in fact leftism is by and large opposed to a strong religiousity because marx said the obstacle to -- is religion. religion says try to be happy in the world that exists and leftey. says make utopia here. religion says utopia is in the next life. so those are part of the, whichics and they're all developed in the book. >> host: dennis prager is our gift. if you want to call him the numbers are on the screen. >> or go to our facebook page. you can post a comment on mr. prager's name. it's on the top of the page. >>> no, mr. prager, in "till the best hope" in the chapter, why left succeeds, or part of the book why the left succeeds, favored groups are rarely to blame, you say, about certain issues. what do you mean? >> guest: w

committee called the class program, quote, a ponzi scheme of the first order, the kind of thing bernie madoff would be proud of, end quote. we saved billions of dollars with the repeal of -- through h.r. 8. so, to reiterate, there's seven bills, we astronaut hard for -- we fought hard for and every single one of them ultimately was signed into law by the president of the united states. ow, i would be remiss if i didn't mention that the biggest change, the most consequential hange to obamacare, the most open and full recognition that the president's health care law is unworkable and problematic and a burden is the fact that just a fewnt himself , through a july 2 blog post, department of , you ry blog post, said know what, i am going to suspend , postpone for a year the so-called employer mandate that is one of the key pillars of the obamacare law. what is that mandate? mr. young: the mandate is that every employer across the united states of america who employees 50 or more persons -- employs 50 or more persons on a full-time basis must provide government-sanctioned, government-approved healt