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Madoff Ponzi Scheme

Madoff's Enablers Are A Lot Like Bob Woodward

David Fiderer | Posted 05.25.2011 | Media
David Fiderer

Woodward and feeder fund mogul Walter Noel were cut from the same cloth -- bigwigs who traded on their insider status to access special information, and who ignored the incriminating evidence hiding in plain sight.

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 ...

Ron Kuby's Jailhouse Advice to Bernie Madoff

Ron Mwangaguhunga | Posted 05.25.2011 | Business
Ron Mwangaguhunga

"The first piece of advice," said Kuby on his syndicated program, is that "prison is designed to be have to live with the arbitrary system of the penal code. Period."

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...

Madoff's French Chateau In Crosshairs

New York Post | BRUCE GOLDING and DAN MANGAN | Posted 05.25.2011 | Business

Sacre bleu! A battle royal between American and French authorities is brewing over ownership of Ponzi king Bernard Madoff's $1 million getaway on t...

$1 Billion Of Madoff's Assets Has Been Recovered, Says Trustee

Bloomberg News | Posted 05.25.2011 | Business

The assets of Bernard L. Madoff Investment Securities LLC that investigators have tracked to Gibraltar are worth about $75 million, raising to $1 bill...

Prison Ponzi

Buddy Winston | Posted 05.25.2011 | Comedy
Buddy Winston

Ruth Madoff Shopping

New York Post | BRUCE GOLDING and DANIEL SHAPIRO | Posted 05.25.2011 | Business

She was shopping for detergent but will she come clean? Ruth Madoff, looking like a desperate housewife, went grocery shopping last night, just hou...

Where's the Shame? America's Misdirected Anger: Prisoner 61727-054's Billion Dollar Scams; President 43's Trillion Dollar Tricks

Sherman Yellen | Posted 05.25.2011 | Politics
Sherman Yellen

Madoff is the wrong poster boy for horrendous greed and abuse of trust. Bush has been the sleeping Nanny of the stock market, the one responsible for the accrual of overwhelming national debt.

Restoring Faith in Finance

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

If we are to restore stability to the financial system and to restore our faith, we will have to first revive the ancient truths and regulations, including the truth about limits.

Ruth Madoff: Feds Fear Madoff's Wife Will Flee Country With $93 Million

New York Post | JAMES DORAN | Posted 05.25.2011 | Business

Federal investigators are "working around the clock" to freeze the assets of mega-fraudster Bernie Madoff's wife, fearing she will try to flee the cou...

Madoff Could Have Fleeced his Victims Legally

Gregg Easterbrook | Posted 05.25.2011 | Business
Gregg Easterbrook

Had most Madoff investors simply followed conventional financial theory about retirement, most would still have their money.

Beating Bernie

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The stories about Bernie Madoff keep coming and many articles find common roots in one question. How did Madoff fool so many people? It's the wrong question.

Madoff Walks Into Courthouse (VIDEO)

Huffington Post | Posted 05.25.2011 | Business

Below is a video of Bernie Madoff entering a Manhattan court Thursday to plead guilty to a massive fraud cause involving tens of billions of dollars. ...

Mr. Madoff Goes To Jail

Duncan Quirk | Posted 05.25.2011 | Comedy
Duncan Quirk

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 ...

Madoff's Guilty Plea Scam

Earl Ofari Hutchinson | Posted 05.25.2011 | Business
Earl Ofari Hutchinson

Bernie Madoff may have one last scam in him. And this one may be the biggest and most infuriating of all. He may sleaze his way out of rotting away his last days in prison.

What Does $170 Billion Get You?

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

With the massive numbers that make up the news coverage of the financial crisis - from the $2 trillion bailout to Obama's $75 billion mortgage plan - ...

Madoff To Plead Guilty To 11 Counts, Could Mean 150 Years In Prison

AP/Huffington Post | LARRY NEUMEISTER and TOM HAYS | Posted 05.25.2011 | Business

UPDATE: According to a letter sent by federal prosecutors to Madoff's attorney, Ira Lee Sorkin, the government seeks a stunning maximum $170.8 billion...

Madoff Victims Payout: 12 To Receive $500,000 Checks

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Irving H. Picard, the trustee overseeing the liquidation of Madoff's assets, has sent 12 checks to unnamed victims of the alleged fraud for $500,000 e...

Madoff's Fake Trading Tickets | Posted 05.25.2011 | Business

A longtime aide to disgraced financier Bernard Madoff instructed two assistants to generate trading tickets, now believed to be bogus, for Madoff's in...

Madoff Plea Deal May Be In The Works

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

***UPDATE 8:50pm*** The New York Times reports that Madoff is expected to plead guilty at a plea hearing next Thursday. The AP has more details on F...

Madoff's Universe Exposed: A Peek Into Bernie's World

Vanity Fair | Mark Seal | Posted 05.25.2011 | Business

Among Bernard Madoff's many dupes were his closest friends, including two tycoons he loved as surrogate fathers: the late Norman F. Levy--whose girlfr...

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...

Can We Trust Government to Get Regulation Right?

Jamie Court | Posted 05.25.2011 | Business
Jamie Court

President Obama's SEC and entire regulatory structure needs to be far better. Consumers cannot wait.