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Madoff Ponzi Scheme

4 Ways to Avoid a Finanical Scam: Don't Get "Madoff-ed"

Jill Schlesinger | Posted 07.31.2009 | Business

Read More: Bernard Madoff, Madoff Sentencing, Madoff Ponzi Scheme, Bernie Madoff Victims, Business News
Jill Schlesinger

When hiring a financial adviser, there are three distinct pieces: the advice, the trading and the custodianship. In Madoff's case, he owned all three pieces, but in most firms, at least one of the pieces is handled separately.

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Madoff Sentence: Is It a Jewish Thing?

Michael Wolff | Posted 07.31.2009 | Business

Read More: Madoff Sentence, Ponzi Scheme, Michael Wolff, Bernard Madoff, Madoff Ponzi Scheme, Bernie Madoff, Jewish, Business News
Michael Wolff

How many more years in prison did Bernie Madoff get for being Jewish? We might as well get the question out there. It's surfaced since the Madoff arr...

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Charities Face Greater Threat From Ponzi Schemes Than Lost Investments

David Donell | Posted 07.31.2009 | Business

Read More: Madoff-Clawback, Maybelle Carter, Donating to Charity, Ponzi Scheme, Bernard Madoff, Bill Monroe, Madoff Ponzi Scheme, Country Music Hall of Fame, Clawback, Business News
David Donell

With courts unwilling to interpret the law as affording some defense for charities, there have been efforts to persuade legislators to amend existing laws to provide such a defense. But little has come of these efforts.

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Victims lash out at Madoff sentencing

AP | The Associated Press | Posted 07.30.2009 | Business

Read More: Bernard Madoff, Madoff Ponzi Scheme, Madoff Victims, Bernie Madoff, Victim of Madoff, Business News

Excerpts from statements made by victims of Bernard Madoff's financial fraud. Madoff was sentenced to 150 years in prison Monday. "I was introduced t...

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Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 07.30.2009 | Business

Read More: Fraud, Swindler, White Collar Crime, Swindle, Madoff, Bernie Madoff Victims, Ponzi Scheme, Madoff Victims, Bernard Madoff, Madoff Ponzi Scheme, Bernie Madoff, Bernie Madoff Ponzi Scheme, Business News
Diane Francis

Madoff is more than just a sociopath. Too much of this story doesn't hang together and he was too functional in other aspects of his existence.

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Madoff: 150 Years Doesn't Seem Like Enough

Jill Schlesinger | Posted 07.30.2009 | Business

Read More: Ruth Madoff, Bernard Madoff, Madoff Sentencing, Madoff Ponzi Scheme, Business News
Jill Schlesinger

There's simply no punishment draconian enough for this sociopath, but now it's time for prosecutors to get busy and determine whether other Madoff employees and officers of the firm were in on the scam.

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Madoff Sentencing Scheduled For Today

AP | Posted 07.30.2009 | Business

Read More: Madoff Sentencing, Madoff, Madoff Court, Madoff Victims, Bernie Madoff, Madoff Ponzi Scheme, Business News

NEW YORK (AP) -- Disgraced financier Bernard Madoff is due back in court today to hear his punishment for running a massive Ponzi scheme. Madoff's l...

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

ProPublica | Jake Bernstein | Posted 07.24.2009 | Business

Read More: Madoff Trustee, Jeffry Picower, Irving Picard, Madoff Scandal, Madoff Ponzi Scheme, Madoff, Business News

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...

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Madoff Lawyer: Bernie Should Only Get 12-Year Sentence

AP | LARRY NEUMEISTER | Posted 07.24.2009 | Business

Read More: Bernard Madoff, Madoff Ponzi Scheme, Madoff Sentencing, Madoff Trial, Ira-Sorkin, Business News

NEW YORK — Bernard Madoff's lawyer has told a judge scheduled to sentence the disgraced financier next week that 12 years in prison will be suff...

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

Judith M. Bardwick | Posted 07.20.2009 | Business

Read More: Willie Sutton, Bernard Madoff, Conned, Money, Scam, Flattery, Madoff Scam, Ponzi Scheme, Madoff Scandal, Vanity, Bernie Madoff Ponzi Scheme, Bernie Madoff, Madoff Ponzi Scheme, Business News
Judith M. Bardwick

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

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Bernie Madoff's Sons Scorn Parents, Report Says

Vanity Fair | Larry McShane | Posted 07.04.2009 | Local

Read More: Madoff Sons, Bernard Madoff Scandal, Madoff Family, New York City, Mark Madoff, Andrew Madoff, Bernard Madoff, Ponzi Scheme, Bernie Madoff, Madoff Ponzi Scheme, Bernie Madoff Ponzi Scheme, New York, Ruth Madoff, Local News

Bernie Madoff's sons have not spoken a single word to their father since he detailed the largest financial fraud in U.S. history, Vanity Fair reports....

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J. Ezra Merkin, Madoff Financier, Quits Synagogue Position

New York Times | Paul Vitello | Posted 06.22.2009 | Local

Read More: Manhattan, Fifth Avenue Synagogue, Jacob-Ezra-Merkin, J. Ezra Merkin, Bernie Madoff Ponzie Scheme, Manhattan New York, Madoff Fifth Avenue Synagogue, Merkin Fifth Avenue Synagogue, Madoff Ponzi Scheme, Ezra Merkin, Bernie Madoff, New York, Local News

J. Ezra Merkin, the financier who entrusted sizable portions of his friends' and investors' money to what turned out to be Bernard L. Madoff's Ponzi s...

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Irving Picard: Madoff Firm Was Family's Piggy Bank

AP | TOM HAYS | Posted 06.13.2009 | Business

Read More: Bernard Madoff, Ponzi Scheme, Madoff Ponzi Scheme, Irving Picard, Irving Picard Bernard Madoff, Business News

NEW YORK — The credit card bill is a 30-page study in conspicuous consumption. A quick scan shows a restaurant charge of more than $2,800, $2,0...

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

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

Read More: Madoff Frank DiPascali, Madoff, Madoff Fraud, Frank DiPascali Madoff, Frank DiPascali, Bernard Madoff, Madoff Scandal, Madoff Ponzi Scheme, Bernie Madoff, Business News

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 ...

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Ron Kuby's Jailhouse Advice to Bernie Madoff

Ron Mwangaguhunga | Posted 05.16.2009 | Business

Read More: Air America, Bernard Madoff, Ponzi Scheme, Madoff Scandal, Bernie Madoff Ponzi Scheme, Madoff Ponzi Scheme, Bernie Madoff, Business News
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."

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

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

Read More: Madoff Fraud, Madoff, Bernie Madoff Victims, Bernard Madoff, Madoff Victims, Madoff Scandal, Bernie Madoff, Madoff Ponzi Scheme, Business News

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...

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Madoff's French Chateau In Crosshairs

New York Post | BRUCE GOLDING and DAN MANGAN | Posted 04.24.2009 | Business

Read More: Madoff Assets, Madoff Mansion, Madoff Cap D'antibes, Madoff, Madoff French Riviera, Bernard Madoff, Madoff Scandal, Madoff Properties, Bernie Madoff, Madoff Ponzi Scheme, Chateau Des Pins Villa 2, Madoff French Mansion, Business News

Sacre bleu! A battle royal between American and French authorities is brewing over ownership of Ponzi king Bernard Madoff's $1 million getaway on t...

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$1 Billion Of Madoff's Assets Has Been Recovered, Says Trustee

Bloomberg News | Posted 04.23.2009 | Business

Read More: Madoff Scheme, Madoff Assets, Madoff Money Recovered, Bernard Madoff, Madoff $1 Billion, Madoff Ponzi Scheme, Bernie Madoff, Business News

The assets of Bernard L. Madoff Investment Securities LLC that investigators have tracked to Gibraltar are worth about $75 million, raising to $1 bill...

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Prison Ponzi

Buddy Winston | Posted 04.22.2009 | Comedy

Read More: Madoff Victims, Bernard Madoff, Madoff Ponzi Scheme, Bernie Madoff Victims, Comedy News
Buddy Winston

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Ruth Madoff Shopping

New York Post | BRUCE GOLDING and DANIEL SHAPIRO | Posted 04.20.2009 | Business

Read More: Ruth Madoff, Madoff, Ruth Madoff Shopping, Bernard Madoff, Madoff Scandal, Madoff Ponzi Scheme, Bernie Madoff, Shopping Ruth Madoff, Business News

She was shopping for detergent but will she come clean? Ruth Madoff, looking like a desperate housewife, went grocery shopping last night, just hou...

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Federal appeals court hears Madoff jail argument

AP | LARRY NEUMEISTER | Posted 04.19.2009 | Business

Read More: Madoff Appeals Court, Madoff, Bernard Madoff, Madoff Scandal, Bernie Madoff, Madoff Ponzi Scheme, Madoff Appeals, Business News

NEW YORK — An appeals court considering whether Bernard Madoff should remain jailed pending sentencing grilled lawyers for both sides Thursday, ...

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Where's the Shame? America's Misdirected Anger: Prisoner 61727-054's Billion Dollar Scams; President 43's Trillion Dollar Tricks

Sherman Yellen | Posted 04.17.2009 | Politics

Read More: Bush Dallas Home, George Bush, Madoff Sentencing, Bush Madoff, George W. Bush, Ponzi Scheme, Bernard Madoff, Madoff Ponzi Scheme, Bernie Madoff, Politics News
Sherman Yellen

Madoff is the wrong poster boy for horrendous greed and abuse of trust. Bush has been the sleeping Nanny of the stock market, the one responsible for the accrual of overwhelming national debt.

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Ruth Madoff's $100 Million Net Worth Should Be Forfeited: Prosecutors

AP | LARRY NEUMEISTER and TOM HAYS | Posted 04.16.2009 | Business

Read More: Ruth Madoff, $100 Million Ruth Madoff, Madoff, Ruth Madoff Wealth, Ruth Madoff Funds, Ruth Madoff $100 Million, Ruth Madoff Ponzi Scheme, Bernard Madoff, Madoff Ponzi Scheme, Business News

NEW YORK — Prosecutors probing Bernard Madoff's massive fraud are determined to leave his wife with almost nothing after telling a Manhattan cou...

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Restoring Faith in Finance

Ann Pettifor | Posted 04.15.2009 | Business

Read More: Climate Change, Franklin Roosevelt, De-Regulation, Finance, Faith, Madoff Ponzi Scheme, Credit, Wall Street, Alan Greenspan, Business News
Ann Pettifor

If we are to restore stability to the financial system and to restore our faith, we will have to first revive the ancient truths and regulations, including the truth about limits.

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Ruth Madoff: Feds Fear Madoff's Wife Will Flee Country With $93 Million

New York Post | JAMES DORAN | Posted 04.15.2009 | Business

Read More: Bernard Madoff, Ruth Madoff, Madoff Ponzi Scheme, Ruth Madoff Federal Investigation, Ruth Madoff Assets, Business News

Federal investigators are "working around the clock" to freeze the assets of mega-fraudster Bernie Madoff's wife, fearing she will try to flee the cou...

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