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Madoff Ponzi Scheme

Higher Education Is a Giant Ponzi Scheme

Thaddeus McCarthy | Posted 05.25.2016 | College
Thaddeus McCarthy

I am writing this piece to fully investigate for myself, whether Higher Education is a Ponzi scheme. For the past year now, after leaving the system, I have had a growing suspicion that it is.

The Real Wolf of Wall Street

Bob Swarup | Posted 09.18.2014 | Business
Bob Swarup

I have seen the movie The Wolf of Wall Street and enjoyed it quite a lot, though that loud brash generation is more muted these days. But it made me wonder, have we seen the last of the scam artist investor?

Madoff: JPMorgan Knew About Ponzi Scheme

Reuters | Posted 02.20.2014 | Business

By Jonathan Stempel NEW YORK (Reuters) - Two senior officials at JPMorgan Chase & Co and predecessor companies repeatedly confronted Bernard Madoff...

JPMorgan Takes Big Hit

Reuters | By Tanya Agrawal and David Henry | Posted 01.25.2014 | Business

(Reuters) - JPMorgan Chase & Co reported a better-than-expected adjusted quarterly profit as the biggest U.S. bank kept a lid on costs and set aside l...

Madoff Deal Could Cost Bank Billions

Reuters | Posted 03.08.2014 | Business

Jan 5 (Reuters) - JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs ...

Ex-Madoff Accountant Arrested

Reuters | Posted 09.26.2013 | Business

Sept 26 (Reuters) - A former accountant for Bernard Madoff was arrested on Thursday, nearly five years after the imprisoned swindler's huge Ponzi sche...

Commodities Are Different (in a "Full World"): Part 3

John Fullerton | Posted 09.29.2013 | Business
John Fullerton

Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.

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...

Mark Gongloff

Bernie Madoff Shares Thoughts On Modern Finance

HuffingtonPost.com | Mark Gongloff | Posted 12.26.2012 | Business

Bernie Madoff's primary occupation of being a prison inmate has apparently lost its thrill because he's taken up a new hobby: opining on the state of ...

Peter Madoff Gets 10 Years In Prison For Role In Ponzi Scheme

Reuters | Posted 12.20.2012 | Business

NEW YORK, Dec 20 (Reuters) - Peter Madoff will serve 10 y ears in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. ...

Banks and Madoff -- Peas in a Pod

Christopher Brauchli | Posted 09.19.2012 | Business
Christopher Brauchli

There was something refreshing about Bernie Madoff. He robbed Peters to pay Pauls and it worked well until there were more Pauls than Peters. That is the difference between him and large financial institutions that cheat those with whom they deal. Bernie was not subtle.

Corzine Meets Madoff

Christopher Brauchli | Posted 02.15.2012 | Business
Christopher Brauchli

A number of people have begun wondering what the difference is between Jon Corzine and Bernie Madoff. The answer is that Mr. Madoff knew exactly where his clients' missing billions of dollars went. Mr. Corzine is still trying to figure that out.

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...

Ponzi Proprieties

Christopher Brauchli | Posted 08.03.2011 | Business
Christopher Brauchli

"It is with a pious fraud as with a bad action; it begets a calamitous necessity of going on." -- Thomas Paine, The Age of Reason. One of the questi...

LOOK: Peter Madoff's $6.5M Mansion Hits The Market

AP/The Huffington Post | Posted 08.02.2011 | New York

NEW YORK -- Bernard Madoff's brother has his New York mansion on the market for $6.5 million. Peter Madoff is selling off real estate as he faces a...

Bernie Madoff: Banks 'Had To Know' Of Fraud

Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

Peter S. Goodman

Bernie Madoff's Relationship With JPMorgan Should Shock No One

HuffingtonPost.com | Peter S. Goodman | Posted 05.25.2011 | Business

So now we learn that senior executives with decision-making authority inside JPMorgan Chase -- the Wall Street behemoth that is supposedly run by the...

Bernie Madoff Feeling the Heat of Imprisonment From His Son's Suicide

Anthony Papa | Posted 05.25.2011 | New York
Anthony Papa

One of the worst things you can feel while being imprisoned is experiencing the death of a loved one, especially your own flesh and blood. What's even...

Madoff, My Son & NYU

Esmeralda Williamson-Noble | Posted 05.25.2011 | New York
Esmeralda Williamson-Noble

As the mother of a suicide victim, the news of 46 year-old Mark Madoff's apparent suicide by hanging earlier this morning, has left me... I don't exac...

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.

Frank DiPascali Jr. Gets 'Extraordinary' Leniency

nytimes.com | 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...

Janet Tavakoli: Wall Street Mortgage-Derivatives Trading Was 'A Massive Ponzi Scheme'

Posted 05.25.2011 | Business

In a "60 Minutes" segment last night, Morley Safer interviewed a number of "pigeons" -- what con artists call their victims -- of prominent scams. Amo...

Madoff's Manhattan Penthouse Under Contract

BusinessWeek | Oshrat Carmiel | Posted 05.25.2011 | Business

Feb. 5 (Bloomberg) -- Bernard Madoff's penthouse apartment on Manhattan's Upper East Side is under contract to be sold after almost five months on the...

Madoff's Inner Circle Remains

Mother Jones | Erin Arvedlund, Illustration by Steve Brodner | Posted 05.25.2011 | Business

Bernie Madoff swore he'd acted alone when he pleaded guilty to his $65 billion Ponzi scheme. It was a preposterous claim, so why, more than a year lat...

Boys Gone Wild: The Mine's Bigger Than Yours Market

Sharon Meers | Posted 05.25.2011 | Business
Sharon Meers

It's bad for business when men's worries and insecurities impair their common sense. We need to free certain work cultures from masculine bravado, namely business and finance. We need co-ed common sense.