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Madoff Fraud

Can Anyone Stop the Next Madoff?

Jeff Prosserman | Posted 10.25.2011 | Business
Jeff Prosserman

In late 1999, Boston-based securities analyst Harry Markopolos discovered Bernard Madoff was running the largest Ponzi scheme in world history. His team pursued the truth for nearly a decade, only to find no one would listen.

Mamas, Don't Let Your Babies Grow Up To Be Banksters

Terrance Heath | Posted 05.25.2011 | Politics
Terrance Heath

It turns out, toddlers who tell lies do better as adults. Whether this is surprising news about child development, or a sad statement about the kind of society we live in depends on how you define "better."

Marcus Baram

Madoff Whistleblower Book: Claims He Uncovered State Street Fraud, Thought About Killing Madoff | Marcus Baram | Posted 05.25.2011 | Business

In an explosive new book, Bernie Madoff whistleblower Harry Markopolos tells the inside story of how he uncovered the $65 billion fraud, claims that ...

Frank DiPascali Jr. Gets 'Extraordinary' Leniency | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

Prosecutors expect to recommend "extraordinary" leniency for Frank DiPascali Jr., who has admitted being Bernard L. Madoff's crucial lieutenant in his...

Bernard Madoff Transferred From Prison To Medical Facility

Posted 05.25.2011 | Business

BUTNER, N.C. (AP) -- Bernard Madoff has been moved from a North Carolina federal prison to a prison medical facility. Federal Bureau of Prisons spoke...

Ruth Madoff Won't Be Prosecuted For Ponzi Scheme: NY Post

NY Post | MURRAY WEISS, BRUCE GOLDING and DAN MANGAN | Posted 05.25.2011 | Business

Ruth Madoff is in the clear -- for now. Ruth will not be prosecuted for the massive Ponzi scheme that won her husband Bernard Madoff a 150-year priso...

Records Show How Madoff Used Firm As "Piggy Bank"

New York Times | Posted 05.25.2011 | Business

Mr. Madoff listed family members, boat captains, housekeepers and others as employees of Bernard L. Madoff Investment Securities, even though they nev...

Lawsuit Claims JPMorgan Aided Madoff's Fraud

New York Times | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

Victims of Bernard L. Madoff's Ponzi scheme have accused his banker, JPMorgan Chase, of aiding his crime by maintaining his checking accounts and trad...

Frank DiPascali: Madoff's Right Hand Man To Name Names

FORTUNE | James Bandler and Nicholas Varchaver | Posted 05.25.2011 | Business

Fortune has learned that Frank DiPascali is trying to negotiate a plea deal with federal prosecutors in which, in exchange for a reduced sentence, he ...

Madoff Liquidator Has $2.6 Billion, Enough To Pay Back "Legitimate Claims"

Bloomberg | Linda Sandler and David Voreacos | Posted 05.25.2011 | Business

March 27 (Bloomberg) -- The agency liquidating Bernard Madoff's brokerage says the $2.6 billion it has on hand is enough to satisfy all legitimate cla...

Ruth Madoff, Kids Targets Of Probe, Bernie Not Cooperating: Report

The Daily Beast | Lucinda Franks | Posted 05.25.2011 | Business

Two days before Bernard Madoff enters an 11-count guilty plea in Manhattan federal court, the investigation into his giant Ponzi scheme has broadened ...

Bernie Madoff Victims Speak Out (VIDEO)

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Vanity Fair is featuring video by Stephen Wilkes of a handful of Bernard Madoff's many victims telling their stories. There is the "penniless" Mau...

Stanford, Madoff Scandals Show Need for Campaign Finance Reform

Duncan Quirk | Posted 05.25.2011 | Politics
Duncan Quirk

Senators and Representatives are elected to represent their constituents, so why should Madoff and Stanford and others be allowed to donate to campaigns for which they are not constituents?

WATCH: Madoff Whistleblower Testifies, WSJ Blew Chance To Break Story

MSNBC | Posted 05.25.2011 | Business

***UPDATE 2:20PM*** The Wall Street Journal blew its chance to break open the Madoff ponzi scheme three years ago, according to whistleblower Harry M...

Madoff, Merkin and the Epidemiology of Fraud

Bradley W. Bloch | Posted 05.25.2011 | Business
Bradley W. Bloch

The Madoff scandal sheds light on the extent to which friendships, philanthropic involvement, and other social ties influence presumably "rational" decisions, like how money is invested.

Lawyer: Madoff Cooperating With Federal Probes

Reuters | Grant McCool and Martha Graybow | Posted 05.25.2011 | Business

Bernard Madoff is cooperating with government investigations into his alleged $50 billion fraud, one of his lawyers said on Tuesday, as prosecutors so...

Suicide Contagion: Will Madoff Investor's 'Act of Honor' Be the Last?

Douglas Faneuil | Posted 05.25.2011 | Media
Douglas Faneuil

Praising a suicide as honorable may come with an extremely high price: namely, more suicides. News organizations have a duty to temper such judgments -- not to censor them, but to put them in context.

Why We Keep Falling For Financial Scams

Wall Street Journal | STEPHEN GREENSPAN | Posted 05.25.2011 | Business

There are few areas where skepticism is more important than how one invests one's life savings. Yet intelligent and educated people, some of them naï...

Madoff Investor's Suicide Was An "Act Of Honor", Brother Says

Bloomberg | Alan Katz | Posted 05.25.2011 | Business

Thierry Magon de La Villehuchet's sense of honor led the descendent of French army officers and an ennobled shipping family to commit suicide after he...

Liliane Bettencourt, World's Wealthiest Woman, Among Madoff's Victims

Bloomberg/Huffington Post | Posted 05.25.2011 | Business

The epic Madoff fraud saga appears to have added another high profile name to its list of victims. Both Bloomberg and the Times of London are reportin...

Doubts Growing Over Whether Madoff Acted Alone

AFP | Marine Laouchez | Posted 05.25.2011 | Business

As a probe intensifies into Bernard Madoff, doubts are growing on whether the now-infamous Wall Street investment manager could have committed a recor...

Madoff Unmasked: The Cry of the Snookered Investor

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

Who does this to people? Who takes families' life savings, everything they built up over all the years and years, everything they need for later, and just takes like a thief until there's nothing?

Ponzi Estate Sues Madoff Federal Prosecutors For Slander

Steve Young | Posted 05.25.2011 | Business
Steve Young

Family of Famed Pyramid Schemer Loses Millions In Madoff Fraud A spokesman for the Charles Ponzi estate revealed that the Ponzi family had lost unto...

The Psychology Behind Bernie Madoff

Mona Ackerman | Posted 11.17.2011 | Healthy Living
Mona Ackerman

Q: I don't understand the Bernie Madoff situation? I know it has been written about and discussed, but I don't understand how a person can do such...

Is Gordon Gekko Right?

Byron Williams | Posted 05.25.2011 | Business
Byron Williams

In the case of Bernard Madoff, the financial bottom line became the exclusive demarcation between genius and unlawful and immoral acts.