iOS app Android app

Madoff Ponzi Scheme

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?

Obama: Madoff Behind Bars

Steve Rosenbaum | Posted 05.25.2011 | Politics
Steve Rosenbaum

President Obama, I have to ask, why isn't Bernie Madoff behind bars?

Madoff's Victims: Their Exact Locations Around The Globe

Zero Hedge | Tyler Durden | Posted 05.25.2011 | Business

...

Madoff Victim List Includes Over 2 Dozen Chicagoans

The Huffington Post | Ben Goldberger | Posted 05.25.2011 | Chicago

More than two dozen Chicagoans are among the thousands of individuals and companies listed as customers of Bernard Madoff's firm, according to reports...

Bernie Madoff's Office Photos (SLIDESHOW, VIDEO)

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Fox Business raises the blinds on Bernie Madoff's notorious three-floor offices in Midtown Manhattan's Lipstick Building. In addition to the photos,...

Bernard Madoff's Double Life Examined

New York Times | JULIE CRESWELL and LANDON THOMAS Jr. | Posted 05.25.2011 | Business

TO some, Bernard L. Madoff was an affable, charismatic man who moved comfortably among power brokers on Wall Street and in Washington, a winning finan...

The Silver Linings: the Madoff Tax Credit

Edward Jay Epstein | Posted 05.25.2011 | Business
Edward Jay Epstein

To the extent that Madoff's investors paid taxes on false capital gains, they are owed tax refunds -- with interest; investors may deduct billions worth of their loss against other income.

Zsa Zsa Gabor "Heartbroken" After Losing Fortune To Madoff: Report

RadarOnline.com | Posted 05.25.2011 | Business

Fraudulent investor Bernie Madoff may have made his worst enemy of all when he stiffed screen legend Zsa Zsa Gabor in his $50 billion 'Ponzi' scam. ...

Madoff Victims Include Teacher, Street Vendor

Bloomberg | Charles Penty and Esteban Duarte | Posted 05.25.2011 | Business

Jan. 21 (Bloomberg) -- Banco Santander SA sold Bernard Madoff investments to a teacher and a street vendor, not just to wealthy private banking client...

Frank DiPascali Jr., Madoff Lieutentant, Point Man For Prosecutors

Reuters | Posted 05.25.2011 | Home

(Reuters) - Frank DiPascali Jr, a key lieutenant of Bernard Madoff, is a potential point man in the investigation of the alleged fraud Madoff ran for ...

Madoff: Investment Fund, or Virtual Reality Game?

Charles H. Green | Posted 05.25.2011 | Business
Charles H. Green

It's beginning to look like Madoff's business model had less in common with a hedge fund or investment management firm than it did with an online virtual reality game.

This Week in Cheating: Bernie Madoff Special Report

Jeff Kreisler | Posted 05.25.2011 | Business
Jeff Kreisler

Ruth Madoff: What Did Bernie's Wife Know?

New York Times | DAVID SEGAL and ALISON LEIGH COWAN | Posted 05.25.2011 | Business

To friends, they were "Bernie-and-Ruth" or "Ruth-and-Bernie," a pair so inseparable that you wouldn't mention one without the other. After nearly 50 y...

Rich Get Poorer, Poor Disappear

Barbara Ehrenreich | Posted 05.25.2011 | Politics
Barbara Ehrenreich

As the poor and the formerly middle class Nouveau Poor become the American majority, they will finally have the clout to get their needs met.

Take That Smug Smile Off Madoff Now

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

Even if Madoff goes to jail today, he still doesn't face indictment for at least another 30 days. The grand jury has been given an extension to deliberate -- and some of us are baffled as to why.

Madoff Scandal Hits Labor Union Pension Funds

CNBC | Posted 05.25.2011 | Business

The financial carnage coming out of the Bernard Madoff investment scandal is now spreading from charities and wealthy individuals to labor union pensi...

Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

Alexandra Penney, Madoff Victim: He "Is Not A Human Being," He Is A "Sociopath"

Huffington Post | Danny Shea | Posted 05.25.2011 | Business

Alexandra Penney, former editor of Self magazine who lost her life savings in Bernie Madoff's Ponzi scheme, lashed out against the scam artist in an i...

The Greatest Ponzi Scheme of All Time

Reese Schonfeld | Posted 05.25.2011 | Politics
Reese Schonfeld

When the President came into office, there were about 278 million people living in America. The national debt was $5.6 trillion. Now there are 307 million of us. The national debt is $10.6 trillion.

How the Madoff mess hits women

Nancy Goldstein | Posted 05.25.2011 | Politics
Nancy Goldstein

Cross posted from Salon's Broadsheet For all the ink that's been spilled on the Madoff investment scandal, I've read nothing about its impact on fund...

Madoff Received $250 Million Ten Days Before Firm's Crash

Wall Street Journal | ROBERT FRANK and AMIR EFRATI | Posted 05.25.2011 | Business

Ten days before his arrest, Bernard Madoff received $250 million from a man who helped give him his start on Wall Street, a move that shows how the in...

BERNIE MADOFF PONZI SCHEME: Victim List Grows

AP/WSJ/NY Times | Posted 05.25.2011 | Business

UPDATE 2/4/09: The full 162-page list of Madoff clients and customers compiled by restructuring firm AlixPartners has been released. See the list her...

Madoff Employees Still Being Paid Despite Nothing To Do

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Business

The New York Post reports that employees of disgraced billionaire Bernard Madoff are still showing up to work, and getting paid for it, despite there ...

Madoff Accepted $10 Million Six Days Before Arrest

Bloomberg | Christopher Scinta, David Glovin and Erik Larson | Posted 05.25.2011 | Business

Just six days before he was charged with running a $50 billion Ponzi scheme, Bernard Madoff allegedly agreed to invest $10 million for a family that h...

SEC Investigating More Ponzi Schemes In Madoff Wake

Bloomberg | Posted 05.25.2011 | Business

U.S. regulators working to untangle Bernard Madoff's alleged $50 billion Ponzi scheme are probing other money managers suspected of using similar tact...