Madoff Fraud

SEC's Madoff Report: Madoff Was Amazed Regulators Repeatedly Failed To Detect His Fraud

AP | MARCY GORDON | Posted 10.31.2009 | Business


WASHINGTON — Bernard Madoff was apparently convinced that it never even occurred to Securities and Exchange Commission staff he was running a Po...

Ruth Madoff Won't Be Prosecuted For Ponzi Scheme: NY Post

NY Post | MURRAY WEISS, BRUCE GOLDING and DAN MANGAN | Posted 08.01.2009 | Business


Ruth Madoff is in the clear -- for now. Ruth will not be prosecuted for the massive Ponzi scheme that won her husband Bernard Madoff a 150-year pris...

Records Show How Madoff Used Firm As "Piggy Bank"

New York Times | Posted 06.06.2009 | Business


Mr. Madoff listed family members, boat captains, housekeepers and others as employees of Bernard L. Madoff Investment Securities, even though they nev...

Lawsuit Claims JPMorgan Aided Madoff's Fraud

New York Times | DIANA B. HENRIQUES | Posted 05.25.2009 | Business


Victims of Bernard L. Madoff's Ponzi scheme have accused his banker, JPMorgan Chase, of aiding his crime by maintaining his checking accounts and trad...

Frank DiPascali: Madoff's Right Hand Man To Name Names

FORTUNE | James Bandler and Nicholas Varchaver | Posted 05.25.2009 | 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 ...

Madoff Liquidator Has $2.6 Billion, Enough To Pay Back "Legitimate Claims"

Bloomberg | Linda Sandler and David Voreacos | Posted 04.27.2009 | 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...

Ruth Madoff, Kids Targets Of Probe, Bernie Not Cooperating: Report

The Daily Beast | Lucinda Franks | Posted 04.11.2009 | 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 To Plead Guilty To 11 Counts, Faces Up To 150 Years In Prison

AP | LARRY NEUMEISTER and TOM HAYS | Posted 04.10.2009 | Business


NEW YORK — In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead guilty Thursday to securities fraud, perjury and othe...

Madoff's Ponzi Scheme: $50 Billion Figure May Be Fictitious

AP | TOM HAYS and LARRY NEUMEISTER | Posted 04.06.2009 | Business


NEW YORK — Bernard Madoff and $50 billion. His name and that number have become inseparable in describing the enormity of what has been called t...

Bernie Madoff Victims Speak Out (VIDEO)

Huffington Post | Julie Satow | Posted 04.04.2009 | 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...

Madoff Seeks To Keep NYC Penthouse, $62M In Assets

AP | LARRY NEUMEISTER | Posted 04.02.2009 | Business


NEW YORK — Bernard Madoff is seeking to keep a $7 million Manhattan penthouse and an additional $62 million in assets, saying they are unrelated...

Stanford, Madoff Scandals Show Need for Campaign Finance Reform

Duncan Quirk | Posted 03.26.2009 | 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?

Madoff Ponzi Scheme: No Indication Stocks Were Ever Purchased

AP | TOM HAYS | Posted 03.23.2009 | Business


NEW YORK — Investors wiped out by the Bernard Madoff scandal got more bad news on Friday: Investigators have confirmed suspicions that the month...

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

MSNBC | Posted 03.07.2009 | 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, Merkin and the Epidemiology of Fraud

Bradley W. Bloch | Posted 02.07.2009 | Business


Bradley W. Bloch

The Madoff scandal sheds light on the extent to which friendships, philanthropic involvement, and other social ties influence presumably "rational" decisions, like how money is invested.

Lawyer: Madoff Cooperating With Federal Probes

Reuters | Grant McCool and Martha Graybow | Posted 02.06.2009 | Business


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

Suicide Contagion: Will Madoff Investor's 'Act of Honor' Be the Last?

Douglas Faneuil | Posted 02.06.2009 | Media


Douglas Faneuil

Praising a suicide as honorable may come with an extremely high price: namely, more suicides. News organizations have a duty to temper such judgments -- not to censor them, but to put them in context.

Why We Keep Falling For Financial Scams

Wall Street Journal | STEPHEN GREENSPAN | Posted 02.03.2009 | Business


There are few areas where skepticism is more important than how one invests one's life savings. Yet intelligent and educated people, some of them naï...

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

Bloomberg | Alan Katz | Posted 02.03.2009 | 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...

Bin Laden Latest Madoff Casualty

Andy Borowitz | Posted 12.27.2008 | Business


Andy Borowitz

The alleged Ponzi scheme of New York investment manager Bernie Madoff has claimed yet another victim, as al-Qaeda kingpin Osama bin Laden today revealed that he lost over $1 billion in the fraud. Making the rueful announcement in the form of a video, speaking from what appeared to be a cave, the terrorist said that he had invested with Mr. Madoff because the investment wiz had promised an annual return of ten percent, adding, "Now I don't know who to trust." He remained vague about how he had first made contact with Mr. Madoff, saying only that they had a mutual friend at a Palm Beach country club.

Thierry Magon de la Villehuchet, Madoff Investor Who Committed Suicide, Lost Family Fortune

AP | GREG KELLER | Posted 01.26.2009 | Business


PARIS — Rene-Thierry Magon de la Villehuchet saw his fortune and his loved ones' money disappear along with his clients' when he lost $1.4 billi...

Liliane Bettencourt, World's Wealthiest Woman, Among Madoff's Victims

Bloomberg/Huffington Post | Posted 01.24.2009 | Business


The epic Madoff fraud saga appears to have added another high profile name to its list of victims. Both Bloomberg and the Times of London are reportin...

Doubts Growing Over Whether Madoff Acted Alone

AFP | Marine Laouchez | Posted 01.24.2009 | Business


As a probe intensifies into Bernard Madoff, doubts are growing on whether the now-infamous Wall Street investment manager could have committed a recor...

Madoff's Ponzi Scheme Could Cost IRS $17 Billion In Lost Tax Revenue

AP | RACHEL BECK | Posted 01.18.2009 | Business


NEW YORK — Even Uncle Sam may get burned by Bernard Madoff. Investors who lost their fortunes in Madoff's alleged Ponzi scheme will end up payi...

Madoff Unmasked: The Cry of the Snookered Investor

Rick Horowitz | Posted 01.18.2009 | Business


Rick Horowitz

Who does this to people? Who takes families' life savings, everything they built up over all the years and years, everything they need for later, and just takes like a thief until there's nothing?