Bernie Madoff Victims

Madoffs Hit With Huge Lawsuit Over Claims They Should Have Caught Ponzi Scheme

Reuters | Posted 05.07.2012

May 7 (Reuters) - Members of Bernard Madoff's family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch'...

SEC Disciplined Employees For Not Stopping Madoff Fraud: Report

Posted 01.11.2012

The Securities and Exchange Commission disciplined seven employees over their failure to stop Bernard Madoff's Fraud, according to The Washington Post...

Judge Tosses Madoff Victims' Suit Agaist JPMorgan Chase

Posted 01.02.2012

A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking ...

Madoff: I 'Can Live' With Victims' Anger

Posted 12.27.2011

Bernard Madoff -- the man convicted of swindling billions from clients worldwide -- said he's more concerned with how his crimes affected his family t...

The End of Normal

Stephanie Madoff Mack | Posted 10.21.2011

Stephanie Madoff Mack

I worry about the years, and questions, yet to come. Audrey doesn't remember her grandfather; Nick never knew him. I will tell them what he did to so many innocent people, and how he drove their father to his death.

The 5 Biggest Wall Street Scams of All Time

InvestingAnswers | Posted 12.06.2011

InvestingAnswers

There are only a few things you can count on in the world: death, taxes and Wall Street scams. Here are five of the biggest Wall Street scams of all time.

Ex-SEC Lawyer Says He Got OK To Work On Madoff Fund

AP | By MARCY GORDON | Posted 11.23.2011

WASHINGTON -- The head of the Securities and Exchange Commission is facing increased scrutiny from lawmakers after a former top commission official sa...

Bernie Madoff Claims Harvard Wants Him To Teach Ethics

Posted 10.26.2011

Bernie Madoff really wants to get into academia. The Ponzi schemer, who is now spending lots of time in federal prison, claimed that Harvard is int...

Former Madoff Employee Admits To Falsifying Records

Posted 08.06.2011

NEW YORK (Grant McCool) - A former employee at convicted financier Bernard Madoff's firm admitted to adding fake employees to the payroll, part of...

Madoff Victims To Get Up To $500 Million From Swiss Bank

AP | The Associated Press | Posted 05.25.2011

NEW YORK — A private Swiss bank has agreed to pay up to $500 million to investors defrauded by Bernie Madoff. The trustee appointed to recover ...

Who's Done More Damage, Bernard Madoff or Alan Greenspan?

John Robbins | Posted 05.25.2011

John Robbins

Madoff lived high and mighty as a billionaire as long as he kept his Ponzi scheme afloat. Greenspan was revered as long as he kept the party going for the ultra-rich, as long as he kept one bubble after another inflated.

Madoff Victim Sells Penthouse At $4 M. Discount to Dutch Artists

The New York Observer | Laura Kusisto | Posted 05.25.2011

Dorris Carr Bonfigli is the perfect Manhattan socialite: beautiful, charming and terribly unlucky. One of Bernie Madoff's victims, Ms. Bonfigli listed...

Suit: Mets Owners To Blame For Madoff-Related Losses

AP | LARRY NEUMEISTER | Posted 05.25.2011

NEW YORK — The owners of the New York Mets should be held accountable for letting their workers put more than $16 million in 401(k) assets into ...

Frank DiPascali, Madoff's Ex-Finance Chief, Released On Bail In NYC

AP | LARRY NEUMEISTER | Posted 05.25.2011

NEW YORK — The former finance chief for jailed financier Bernard Madoff was released on $10 million bail Tuesday, months after he admitted his r...

Bernie Madoff Still Hiding $9 Billion, Says Inmate

Posted 05.25.2011

Does disgraced Ponzi king Bernie Madoff really have billions of dollars squirreled away? That's what one fellow prisoner is claiming. The New York P...

Madoff's Motto: "F*ck My Victims" (VIDEO)

Posted 05.25.2011

The Wall Street Journal passes along this video profile of K.C. White, a fellow inmate of Bernie Madoff's at the Butner Federal Correctional Complex i...

The Madoff Victims Who Came to Dinner

Dan Dorfman | Posted 05.25.2011

Dan Dorfman

Nino Selimaj offered Madoff's victims free meals for an entire week at one of his seven city Nino's restaurants where the average dinner check, with wine, runs between $85 and $95 per person.

Fred Wilpon, Mets Owner, Made Money Off Bernie Madoff

nypost.com | Posted 05.25.2011

Talk about getting caught in a jam. After watching his team go down to defeat this season, Mets owner Fred Wilpon now faces potential "clawback" suit...

Two Madoff Victims File Lawsuit Against The SEC

Reuters | Tom Hals | Posted 05.25.2011

Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at leas...

Legacy of Shame

Joe Peyronnin | Posted 05.25.2011

Joe Peyronnin

Judge Denny Chin imposed the maximum sentence of 150 years on Bernard L. Madoff, the mastermind of the greatest financial fraud in history, but it is not enough.

4 Ways to Avoid a Finanical Scam: Don't Get "Madoff-ed"

Jill Schlesinger | Posted 05.25.2011

Jill Schlesinger

When hiring a financial adviser, there are three distinct pieces: the advice, the trading and the custodianship. In Madoff's case, he owned all three pieces, but in most firms, at least one of the pieces is handled separately.

This Week in Cheating: Madoff Sentenced

Jeff Kreisler | Posted 05.25.2011

Jeff Kreisler

Bernie Madoff got 150 years in prison, though he told investors it was 175 years... and they each told two investors it was 190 years... and so on and so on and so on...

Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 05.25.2011

Diane Francis

Madoff is more than just a sociopath. Too much of this story doesn't hang together and he was too functional in other aspects of his existence.

Madoff Trustee Starts 'Hardship Program' for Victims

nytimes.com | Posted 05.25.2011

The trustee charged with recovering assets for investors defrauded by Bernard L. Madoff has started a "hardship program" for individual victims to acc...

BERNIE MADOFF Movie: Life To Be Put On-Screen

New York Post | Posted 05.25.2011

BERNIE Madoff is coming to a movie theater near you. ...