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Madoff

Madoff Victims To Get Up To $500 Million From Swiss Bank

AP | The Associated Press | Posted 05.25.2011 | Business

NEW YORK — A private Swiss bank has agreed to pay up to $500 million to investors defrauded by Bernie Madoff. The trustee appointed to recover ...

JP Morgan May Be Complicit in Madoff Scam

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

JP Morgan could be "complicit", i.e. aiding and abetting the Madoff Ponzi scheme, by omission -- that is not fulfilling its duty as a fiduciary -- as well as by commission, according to white collar lawyers I have consulted today.

Madoff Victims' Trustee Files Dozens Of Lawsuits

AP | Posted 05.25.2011 | Business

NEW YORK — Relatives of both Bernard Madoff and his wife are among those being targeted in 40 lawsuits announced Friday by the trustee endeavori...

FBI Arrests Two Former Madoff Associates

AP | TOM HAYS | Posted 05.25.2011 | New York

NEW YORK — Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe ...

U.S. Marshals Sued For Selling Off Forfeited Assets Below Actual Value

New York Times | Posted 05.25.2011 | Politics

An arm of the United States Marshals Service undervalued what could amount to untold millions of dollars in assets forfeited by white-collar criminals...

Mark Madoff's Family Was Going To Change Name To 'Morgan'

Posted 05.25.2011 | New York

Dealbook has a fascinating examination into who Mark Madoff was before he took his own life. Sources close to Madoff said he was mortified by his ...

Mark Madoff's Body Moved To Gramercy Funeral Home

AP | Posted 05.25.2011 | New York

NEW YORK — The body of Mark Madoff was claimed by a funeral director on behalf of his family Tuesday, one day after his imprisoned father, Berna...

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...

Mark Madoff Suicide: Bernie Madoff's Son Found Hanged In NYC Apartment

AP | COLLEEN LONG and TOM HAYS | Posted 05.25.2011 | Business

NEW YORK — Every day for two years, he carried the toxic burden of a name that meant fraud to the world. On Saturday, the eldest son of disgrace...

As We Wait For Christmas, Wall Street Salivates for Its Bonuses

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Go, Wall Street, Go!

JPMorgan Worried Madoff's Returns Were 'Too Good To Be True'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Bernie Madoff's outrageous, unflagging returns struck a JPMorgan employee as "too good to be true" two months before his arrest, according to newly un...

UBS Feeder Funds Knew Madoff Was Fishy in 2006

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

It took consultant Chris Cutler only four days to discover the smoking gun: The options volume that Madoff had reported exceeded, by far, the total volume of puts and calls actually traded in those securities on the Chicago Board of Options Exchange.

Madoff Trustee Sues UBS, Investors For Ponzi Profits

Posted 05.25.2011 | Business

BANGALORE: The trustee liquidating Bernard Madoff's investment management firm sued UBS AG and various other entities for allegedly profiting from the...

PHOTOS: Bernie Madoff's Personal Property Up For Auction

The Huffington Post | Jonah Green | Posted 05.25.2011 | New York

Infamous ponzi schemer Bernie Madoff may be spending his final years at the Butner Federal Correctional Complex in North Carolina, but his stuff lives...

Prosecutors Hunting Millions In Additional Assets In Madoff Case

AP | Posted 05.25.2011 | Business

NEW YORK — Federal prosecutors in New York are seeking over $5 million in assets belonging to a former office supervisor for jailed financier Be...

Christina Marie Fierro

Rep. Posey: Letting Madoff-Era Investigators Quietly Leave SEC Is 'Like Letting A Pedophile Slink Out The Door'

HuffingtonPost.com | Christina Marie Fierro | Posted 05.25.2011 | Business

Securities and Exchange Commission Chairman Mary Schapiro's testimony before the House Committee on Financial Services turned explosive on Tuesday mor...

Madoff: "Screw the Victims"

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

I just returned from Nino's in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff's Ponzi scheme.

Mark Madoff, Bernie's Son, Puts Nantucket Home Up For Sale (PHOTOS)

Posted 05.25.2011 | Business

Want to own a tiny piece of Madoff family history? One of Bernie's two sons, Mark Madoff, has put his Nantucket home on the market, the New York Times...

Bernie Madoff Right-Hand Man Frank DiPascali's Family Can Keep $178,000

AP | Posted 05.25.2011 | New York

NEW YORK — The government says the wife of Bernie Madoff's right-hand man can keep $178,000 after the family gave up millions of dollars in asse...

Bernie Madoff Still Hiding $9 Billion, Says Inmate

Posted 05.25.2011 | New York

Does disgraced Ponzi king Bernie Madoff really have billions of dollars squirreled away? That's what one fellow prisoner is claiming. The New York P...

'Den Of Thieves': Why Regulators Should Be Cultural Kings

Alex Leo | Posted 05.25.2011 | Books
Alex Leo

What is clear in "Den of Thieves," clear in the Gulf and clear in our economy, is if our regulators aren't as important, educated, and hungry as the people they're regulating, Americans don't have a chance.

Bernie Madoff: "F--k My Victims"

Posted 05.25.2011 | Business

Bernie Madoff appears to have none of the remorse expected of a man staring down a 150-year prison sentence. According to a lengthy new piece by S...

Wall Street Blackjack Player Busts, Busted, and Barred

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

They do quite a bit of surveillance at most casinos. Frankly, those paid to watch the games of chance do a better job than those paid to watch our stock markets. Take this recent case.

Madoff Computer Programmers Indicted: Jerome O'Hara, George Perez Rigged Computer, Feds Say

AP | Posted 05.25.2011 | New York

NEW YORK — Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff (MAY'-dawf) program an old computer to genera...

Biggest Accounting Scandals Of All Time (PHOTOS)

Posted 05.25.2011 | Business

Got a creative impulse? Accounting may be the profession for you! As you'll see from the below collection of massive book-cooking frauds, there may...