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Bernie Madoff Victims

Madoff Victims' Payout Nears $7.2 Billion, Trustee Says

Reuters | Posted 02.22.2015 | Business

By Joseph Ax NEW YORK, Dec 22 (Reuters) - Victims of Bernard Madoff's massive Ponzi scheme will get a fresh $322 million payout if a ...

LOOK: Museum of Crime & Punishment's Bernie Madoff Exhibit

The Huffington Post | Will Wrigley | Posted 05.17.2013 | DC

Oh, Bernie. How we've missed you. Your Ponzi scheme. The money laundering. The perjury. It's a long time until 2139 when we'll be able to see you o...

Madoff: 'The Banks Had To Know What I Was Doing'

Posted 09.19.2014 | Business

Big banks had to know Bernie Madoff was running a Ponzi scheme, according to Bernie Madoff. In an email penned from jail, one of the biggest Ponzi...

Steroids, Stocks and Too Good to Be True

Karen Firestone | Posted 03.19.2013 | Business
Karen Firestone

We need to consider when results, whether for cyclists, pitchers, runners, fund managers, or public companies are perhaps too good to be true and how we might look for the signs.

Madoff Victims Get Huge Lump Of Cash

Reuters | Posted 11.20.2012 | Business

* Payout goes to 1,230 former customers * Payout will raise total recovery to $3.63 billion By Jonathan Stempel ...

'The Results Are Disturbing'

Reuters | Posted 10.20.2012 | Business

* Problems found in all 23 audits that inspectors checked * Regulators tighten scrutiny after Madoff By Dena Aubin ...

Madoff Trustee Seeking Hundreds Of Millions From Swiss Banks

Reuters | Posted 08.06.2012 | Business

* Hundreds of millions of dollars sought from private banks * Banks said to receive transfers from Madoff feeder funds *...

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

Reuters | Posted 05.07.2012 | Business

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 | Business

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 | Business

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 mone...

Madoff: I 'Can Live' With Victims' Anger

Posted 12.27.2011 | Business

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 | Women
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 | Business

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.

Bernie Madoff Claims Harvard Wants Him To Teach Ethics

Posted 10.26.2011 | College

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 | Business

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

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

John Robbins | Posted 05.25.2011 | Business
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 | New York

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

Bernie Madoff Still Hiding $9 Billion, Says Inmate

Posted 05.25.2011 | New York

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...

The Madoff Victims Who Came to Dinner

Dan Dorfman | Posted 05.25.2011 | Business
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 | Posted 05.25.2011 | New York

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 | Business

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...

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

Posted 05.25.2011 | Business

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...

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

Jill Schlesinger | Posted 05.25.2011 | Business
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.

Legacy of Shame

Joe Peyronnin | Posted 05.25.2011 | Politics
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.

Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 05.25.2011 | Business
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.