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Madoff Scandal

Ruth Madoff's Fur Coat Taken By The Feds

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move o...

Ruth Madoff Evicted: U.S. Marshalls Order Her Out Of Upper East Side Apartment

AP | Posted 05.25.2011 | Business

NEW YORK (AP) -- The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse in a mo...

Bernard Madoff and the Art of Financial Self-Delusion

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Among the multitude of Madoff clients who were literally picked clean of their life savings, I was struck by the contradiction between their apparent intelligence and acute naiveté.

Mrs. Madoff, I've Been There

Karen Weinreb | Posted 05.25.2011 | Business
Karen Weinreb

My life had been turned upside down just a few months before, when my financier husband told me that he was pleading guilty to a charge of wire fraud. Before that, I had been leading a life of affluence that many people would have envied.

Did Bernie Madoff Get Justice? (POLL)

Huffington Post | Posted 05.25.2011 | New York

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What Bernie Madoff Couldn't Steal From Me

Matt Weinstein | Posted 11.17.2011 | Healthy Living
Matt Weinstein

Some genuine "wealth" in our lives is always created when we reach out to each other, when we make connections with each other, when we form a community together in times of crisis.

Madoff Client, Jeffry Picower, Netted $5 Billion From Ponzi Scheme

ProPublica | Jake Bernstein | Posted 05.25.2011 | Business

By Jake Bernstein, ProPublica It is rare these days to see Bernard Madoff's name in print unaccompanied by the word "Ponzi." Yet recent allegations...

Rene‐Thierry Magon De La Villehuchet's Widow Speaks Out, Calls Madoff 'A Murderer'' (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Fox Business scheduled to air tonight, Claudine de la Villehuchet, the widow of French investor Rene‐Thierry Magon De La Villeh...

Madoff Scandal: SEC Charges Madoff Feeder Funds

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage fir...

A Fool and His Money Are Soon Parted (Because) There's a Sucker Born Every Minute

Judith M. Bardwick | Posted 05.25.2011 | Business
Judith M. Bardwick

Who is a sucker? A sucker is someone who wants something so badly that they lose all critical judgment.

Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 05.25.2011 | Business

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...

Madoff Victims Statements: READ The Entire Document

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

141 pages of misery. Today, New York City prosecutors filed a collection of statements from victims of Bernie Madoff that will make your head spin. ...

Madoff Victims Sue Trustee Picard

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The NY post reports that three victims of Bernie Madoff are seeking millions in damages from Irving Picard, the trustee in charge of dismantling the ...

Madoff Sons Latest Suffering

New York Post | Posted 05.25.2011 | Business

BOY, it stinks to be Bernie Madoff's sons. Andrew and Mark Madoff -- who claim to know nothing of their dad's Ponzi scheme despite having made mil...

Madoff Family's Luxury Lifestyle Revealed (SLIDESHOW)

ABC News | BRIAN ROSS, JOSEPH RHEE, KATE MCCARTHY and JOANNA JENNINGS | Posted 05.25.2011 | Business

According to a report by ABC News, new documents provide an inside look at the Madoff family family's expensive lifestyle and big-ticket purchases. ...

Irving Picard Fights To Recover Madoff Money (SLIDESHOW)

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

While the SEC did nothing for years as Bernard Madoff ripped off billions from his clients in one of the world's largest ponzi schemes, the trustee pu...

Billions Withdrawn Before Madoff Arrest, Records Show

New York Times | DIANA B. HENRIQUES and ZACHERY KOUWE | Posted 05.25.2011 | Business

About $12 billion was pulled out of accounts at Bernard L. Madoff's firm in 2008, according to several people briefed on an analysis of Mr. Madoff's b...

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.

Stanley Chais, LA Money Manager, Sued By NY Trustee In Madoff Scandal

AP | TOM HAYS | Posted 05.25.2011 | Business

NEW YORK — A longtime Los Angeles money manager and philanthropist raked in more than $1 billion in false earnings from disgraced financier Bern...

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 arbitrary...you have to live with the arbitrary system of the penal code. Period."

Fairfield Greenwich Advisors Charged With Fraud

AP | KELSEY ABBRUZZESE | Posted 05.25.2011 | Business

BOSTON — Massachusetts' top securities regulator accused a major feeder fund for Bernard Madoff's fraudulent investment scheme of misrepresentin...

Town sues Madoff, hedge funds over losses

AP | Posted 05.25.2011 | Business

FAIRFIELD, Conn. — A Connecticut town is suing disgraced financier Bernard Madoff, his family and investment companies because its pension board...

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 Prison Number Pays Off for Lottery Player

Andrea Chalupa | Posted 05.25.2011 | Business
Andrea Chalupa

It's great to see that, finally, someone got some money out of this Madoff crisis, even if it is only $1,500, about the price of one of Bernie's designer loafers or a manicure for Ruth.