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Madoff

End of the World Economic Scenario

Grant Cardone | Posted 11.17.2011 | Healthy Living
Grant Cardone

Neither the world nor your survival will come to an end regardless of what happens economically. Can it get worse? Certainly. Will your lifestyle change? Yes, but so will most everyone else's!

R. Allen Stanford Under Investigation By The SEC, FINRA, FBI

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

UPDATE: Investors from as far as Columbia are converging on Antigua to try and reclaim their funds from billionaire money manager R. Allen Stanford, a...

Madoff's Victims: Their Exact Locations Around The Globe

Zero Hedge | Tyler Durden | Posted 05.25.2011 | Business

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WATCH: Madoff Whistleblower Testifies, WSJ Blew Chance To Break Story

MSNBC | Posted 05.25.2011 | Business

***UPDATE 2:20PM*** The Wall Street Journal blew its chance to break open the Madoff ponzi scheme three years ago, according to whistleblower Harry M...

Madoff Victims List Released (FULL LIST, SLIDESHOW)

Huffington Post | Nicholas Sabloff | Posted 05.25.2011 | Business

A 163-page document containing a list of people and companies that invested with Bernard Madoff's firm was released Wednesday in a court filing. The l...

SEC Lawyer Clams Up On Madoff Scandal, Cites Executive Privilege

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Following the scorching Congressional testimony from whistleblower Harry Markopolos, who spent eight fruitless years trying to bring the Madoff scanda...

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,...

Prince Andrew: "Madoff Couldn't Happen In London"

Financial Times | Andrew Edgecliffe-Johnson | Posted 05.25.2011 | Business

Bernard Madoff's alleged $50bn fraud could not have happened in London, according to Prince Andrew, who argued that the UK's system of "principles-bas...

John Thain's $35,000 Toilet

Matt Littman | Posted 05.25.2011 | Business
Matt Littman

What the hell happens on a $35,000 toilet that makes it so special? While you're sitting on it, does it magically transport you to the Maldives?

Ryan Grim

ACLU Lays Off A Tenth Of Workforce

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

The American Civil Liberties Union, impacted by the unfolding economic crisis, laid off ten percent of its national workforce this week. Thirty-six st...

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.

Madoff's Chosen People -- What Can and Can't Be Said Out Loud

Larry Gellman | Posted 05.25.2011 | Business
Larry Gellman

Is there any non-Jew in America who was thinking about marrying or doing business with a Jew that is now reconsidering that decision because Bernie Madoff was Jewish?

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.

Madoff in Gaza

Jeff Danziger | Posted 05.25.2011 | World
Jeff Danziger

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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.

What Madoff Teaches Us about the Road to Corruption

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

Q. What do Mark Twain, Clint Eastwood and Bernie Madoff have in common? A. They all tell tales of the path from mistrust to corruption.

Richard Piccoli, 82-Year-Old Businessman, Charged With Running $17M Ponzi Scheme

AP | CAROLYN THOMPSON | Posted 05.25.2011 | Business

BUFFALO, N.Y. — An 82-year-old businessman was charged Thursday with running a Ponzi scheme that took in at least $17 million from a clientele g...

Madoff Was Ready To Send Out $173 Million To Family And Friends At Time Of Arrest, Prosecutors Say

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — Prosecutors said Thursday that investigators found 100 signed checks worth $173 million in Bernard Madoff's office desk that he was r...

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.

What I Gained by Losing in Madoff

Geneen Roth | Posted 11.17.2011 | Healthy Living
Geneen Roth

I wish I could say I had reservations about Madoff before The Call, but I did not. Besides, everything about which I "knew better"--stocks, advisors, real estate--was also disastrous.

Lawyer: Madoff Cooperating With Federal Probes

Reuters | Grant McCool and Martha Graybow | Posted 05.25.2011 | Business

Bernard Madoff is cooperating with government investigations into his alleged $50 billion fraud, one of his lawyers said on Tuesday, as prosecutors so...

Madoff Investor's Suicide Was An "Act Of Honor", Brother Says

Bloomberg | Alan Katz | Posted 05.25.2011 | Business

Thierry Magon de La Villehuchet's sense of honor led the descendent of French army officers and an ennobled shipping family to commit suicide after he...

Jews are Soul-Searching About Madoff -- What About Gaza?

Adam Horowitz | Posted 05.25.2011 | World
Adam Horowitz

The future of Judaism and the moral standing of the US Jewish community are being threatened. It is happening in Gaza. And unfortunately there is far too little handwringing about it in the Jewish leadership.

2008: Not so Great

Lloyd Garver | Posted 05.25.2011 | Politics
Lloyd Garver

Things that didn't really happen that long ago seem like they happened ages ago. For example, can you believe that John McCain picked Sarah Palin as his running mate only four months ago?