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Madoff Ponzi Scheme

Madoff: 'The Banks Had To Know What I Was Doing'

Posted 02.24.2013 | Business

Big banks had to know Bernie Madoff was running a Ponzi scheme, according to Bernie Madoff. In an email penned from jail, one of the biggest Ponzi...

Mark Gongloff

Bernie Madoff Shares Thoughts On Modern Finance

HuffingtonPost.com | Mark Gongloff | Posted 12.26.2012 | Business

Bernie Madoff's primary occupation of being a prison inmate has apparently lost its thrill because he's taken up a new hobby: opining on the state of ...

Peter Madoff Gets 10 Years In Prison For Role In Ponzi Scheme

Reuters | Posted 12.20.2012 | Business

NEW YORK, Dec 20 (Reuters) - Peter Madoff will serve 10 y ears in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. ...

Banks and Madoff -- Peas in a Pod

Christopher Brauchli | Posted 09.19.2012 | Business
Christopher Brauchli

There was something refreshing about Bernie Madoff. He robbed Peters to pay Pauls and it worked well until there were more Pauls than Peters. That is the difference between him and large financial institutions that cheat those with whom they deal. Bernie was not subtle.

Mark Madoff's Widow Returns To Site Of Suicide

AP | Posted 02.02.2012 | New York

NEW YORK -- The widow of Bernard Madoff's son says she threw up when she returned to the New York apartment where he hanged himself. Stephanie Mack h...

Corzine Meets Madoff

Christopher Brauchli | Posted 02.15.2012 | Business
Christopher Brauchli

A number of people have begun wondering what the difference is between Jon Corzine and Bernie Madoff. The answer is that Mr. Madoff knew exactly where his clients' missing billions of dollars went. Mr. Corzine is still trying to figure that out.

Madoff: I 'Can Live' With Victims' Anger

Posted 12.27.2011 | Business

Bernard Madoff -- the man convicted of swindling billions from clients worldwide -- said he's more concerned with how his crimes affected his family t...

SEC: Former Official May Have A Conflict Of Interest With Madoff Fund

AP | MARCY GORDON | Posted 11.20.2011 | Business

WASHINGTON — The inspector general of the Securities and Exchange Commission has asked the Justice Department to investigate whether a former to...

Ponzi Proprieties

Christopher Brauchli | Posted 08.03.2011 | Business
Christopher Brauchli

"It is with a pious fraud as with a bad action; it begets a calamitous necessity of going on." -- Thomas Paine, The Age of Reason. One of the questi...

LOOK: Peter Madoff's $6.5M Mansion Hits The Market

AP/The Huffington Post | Posted 08.02.2011 | New York

NEW YORK -- Bernard Madoff's brother has his New York mansion on the market for $6.5 million. Peter Madoff is selling off real estate as he faces a...

Bernie Madoff: Banks 'Had To Know' Of Fraud

Posted 05.25.2011 | Business

More than two years have passed since Bernard Madoff was arrested for a massive Ponzi scheme which spanned 16 years and consumed roughly $20 billion i...

Peter S. Goodman

Bernie Madoff's Relationship With JPMorgan Should Shock No One

HuffingtonPost.com | Peter S. Goodman | Posted 05.25.2011 | Business

So now we learn that senior executives with decision-making authority inside JPMorgan Chase -- the Wall Street behemoth that is supposedly run by the...

Ruth Madoff's Engagement Ring Sold For How Much?

AP | VERENA DOBNIK | Posted 05.25.2011 | New York

NEW YORK — Anyone wanting to walk in the shoes of fallen financier Bernard Madoff was in luck Saturday: Thousands of belongings from his New York Ci...

Bernie Madoff Feeling the Heat of Imprisonment From His Son's Suicide

Anthony Papa | Posted 05.25.2011 | New York
Anthony Papa

One of the worst things you can feel while being imprisoned is experiencing the death of a loved one, especially your own flesh and blood. What's even...

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...

Who's Done More Damage, Bernard Madoff or Alan Greenspan?

John Robbins | Posted 05.25.2011 | Business
John Robbins

Madoff lived high and mighty as a billionaire as long as he kept his Ponzi scheme afloat. Greenspan was revered as long as he kept the party going for the ultra-rich, as long as he kept one bubble after another inflated.

Madoff Trustee Seeks $1 Billion From 7 International Banks

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — Seven global banking institutions enabled disgraced financier Bernard Madoff's Ponzi scheme by "creating and offering derivative inve...

Bernie Madoff Auction Bidding Reaches Fever Pitch

AP | VERENA DOBNIK | Posted 05.25.2011 | Business

NEW YORK — Anyone wanting to walk in the shoes of fallen financier Bernard Madoff was in luck Saturday: Thousands of belongings from his New Yor...

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...

Frank DiPascali Jr. Gets 'Extraordinary' Leniency

nytimes.com | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

Prosecutors expect to recommend "extraordinary" leniency for Frank DiPascali Jr., who has admitted being Bernard L. Madoff's crucial lieutenant in his...

Janet Tavakoli: Wall Street Mortgage-Derivatives Trading Was 'A Massive Ponzi Scheme'

Posted 05.25.2011 | Business

In a "60 Minutes" segment last night, Morley Safer interviewed a number of "pigeons" -- what con artists call their victims -- of prominent scams. Amo...

Madoff's Manhattan Penthouse Under Contract

BusinessWeek | Oshrat Carmiel | Posted 05.25.2011 | Business

Feb. 5 (Bloomberg) -- Bernard Madoff's penthouse apartment on Manhattan's Upper East Side is under contract to be sold after almost five months on the...

Madoff's Brother, Peter Madoff, Now A Subject Of Criminal Probe

AP | Posted 05.25.2011 | Business

NEWARK, N.J. — A lawyer for the brother of Ponzi king Bernard Madoff said in court papers made public Wednesday that his client has been told he is ...

Madoff's Inner Circle Remains

Mother Jones | Erin Arvedlund, Illustration by Steve Brodner | Posted 05.25.2011 | Business

Bernie Madoff swore he'd acted alone when he pleaded guilty to his $65 billion Ponzi scheme. It was a preposterous claim, so why, more than a year lat...

Boys Gone Wild: The Mine's Bigger Than Yours Market

Sharon Meers | Posted 05.25.2011 | Business
Sharon Meers

It's bad for business when men's worries and insecurities impair their common sense. We need to free certain work cultures from masculine bravado, namely business and finance. We need co-ed common sense.