Madoff Ponzi Scheme

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Madoff: Investment Fund, or Virtual Reality Game?

Charles H. Green | Posted 02.17.2009 | Business

Read More: Trades, Bernard Madoff, Transactions, Scandal, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Trial, Ponzi Scheme, Madoff Scandal, Madoff Ponzi Scheme, Bernie Madoff, Madoff Jail, Schapiro, Business News

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.

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This Week in Cheating: Bernie Madoff Special Report

Jeff Kreisler | Posted 02.16.2009 | Business

Read More: Bernard Madoff, This Week in Cheating, Madoff Ponzi Scheme, Bernie Madoff Cheat, Bernie Madoff, Madoff Cheater, Business News

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Ruth Madoff: What Did Bernie's Wife Know?

New York Times | DAVID SEGAL and ALISON LEIGH COWAN | Posted 02.15.2009 | Business

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

To friends, they were "Bernie-and-Ruth" or "Ruth-and-Bernie," a pair so inseparable that you wouldn't mention one without the other. After nearly 50 y...

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A Letter from Bernie Madoff

Andy Borowitz | Posted 01.15.2009 | Business

"Dear neighbors, in exchange for all the support you've shown me, I'd like to do something for you -- in the form of the investment opportunity of a lifetime."

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Madoff's Enablers Are A Lot Like Bob Woodward

David Fiderer | Posted 06.06.2009 | Media

Read More: Bob Woodward, Joe Wilson, Donald Rumsfeld, Maureen Dowd, Fox News, Walter Noel, Madoff Scandal, Fairfield Greenwich Advisors, Brit Hume, Madoff Ponzi Scheme, Dick Cheney, Media News

Woodward and feeder fund mogul Walter Noel were cut from the same cloth -- bigwigs who traded on their insider status to access special information, and who ignored the incriminating evidence hiding in plain sight.

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Rich Get Poorer, Poor Disappear

Barbara Ehrenreich | Posted 02.12.2009 | Politics

Read More: Economy, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Trial, Ponzi Scheme, Bernard Madoff, Madoff Scandal, Bernie Madoff, Madoff Ponzi Scheme, Madoff Jail, Politics News

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.

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Bernie Madoff Escapes Jail, Judge Declines To Revoke Bail

AP | LARRY NEUMEISTER | Posted 02.12.2009 | Business

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

NEW YORK — A judge on Monday allowed Bernard Madoff to remain confined to his Manhattan penthouse, rejecting a bid to jail the disgraced financi...

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Take That Smug Smile Off Madoff Now

Vicky Ward | Posted 02.11.2009 | Business

Read More: Madoff Trial, Ponzi Scheme, Bernard Madoff, Madoff Hearing, Madoff Fate, Madoff, Madoff Indictment, Madoff Scandal, Shakespeare, Villainy, Bernie Madoff, Madoff Ponzi Scheme, Madoff Jail, Business News

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.

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Alexandra Penney, Madoff Victim: He "Is Not A Human Being," He Is A "Sociopath"

Huffington Post | Danny Shea | Posted 02.09.2009 | Business

Read More: Cnn, Video, Alexandra Penney Madoff, Bernard Madoff, Madoff Victims, Alexandra Penney, Madoff: Secrets of a Scandal, Fortune, Bernie Madoff, Madoff Ponzi Scheme, Business News

Alexandra Penney, former editor of Self magazine who lost her life savings in Bernie Madoff's Ponzi scheme, lashed out against the scam artist in an i...

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

AP | CAROLYN THOMPSON | Posted 02.09.2009 | Business

Read More: Piccoli Ponzi Scheme, Madoff Ponzi Scheme, Ponzi Scheme, Madoff, Richard Piccoli, Business News

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...

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Madoff Scandal Hits Labor Union Pension Funds

CNBC | Posted 02.09.2009 | Business

Read More: Labor Pension Funds, Unions, Madoff Ponzi Scheme, Bernie Madoff, Madoff Unions, Business News

The financial carnage coming out of the Bernard Madoff investment scandal is now spreading from charities and wealthy individuals to labor union pensi...

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Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 02.09.2009 | Business

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

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How the Madoff mess hits women

Nancy Goldstein | Posted 02.07.2009 | Politics

Read More: Women's Rights, Women, Criminal Justice System, Reproductive Rights, Bernard Madoff, Criminal Justice, Madoff Ponzi Scheme, Drug Policy, Politics News

Cross posted from Salon's Broadsheet For all the ink that's been spilled on the Madoff investment scandal, I've read nothing about its impact on fund...

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The Greatest Ponzi Scheme of All Time

Reese Schonfeld | Posted 02.07.2009 | Politics

Read More: Taxes, Ponzi, Tax Policy, National Debt, Madoff, Economy, George W. Bush, Tax Cuts, Ponzi Scheme, President Bush, Madoff Ponzi Scheme, Bush Tax Cuts, Politics News

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.

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Madoff Received $250 Million Ten Days Before Firm's Crash

Wall Street Journal | ROBERT FRANK and AMIR EFRATI | Posted 02.06.2009 | Business

Read More: Madoff Investor, Carl Shapiro, Bernard Madoff, Madoff Scandal, Madoff Money, Bernie Madoff, Madoff Ponzi Scheme, Business News

Ten days before his arrest, Bernard Madoff received $250 million from a man who helped give him his start on Wall Street, a move that shows how the in...

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Madoff Employees Still Being Paid Despite Nothing To Do

Huffington Post | Nicholas Graham | Posted 02.04.2009 | Business

Read More: Bernard Madoff, Madoff Ponzi Scheme, Bernard Madoff Scandal, Bernie Madoff, Madoff Employees Paid for No Work, Business News

The New York Post reports that employees of disgraced billionaire Bernard Madoff are still showing up to work, and getting paid for it, despite there ...

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Madoff Accepted $10 Million Six Days Before Arrest

Bloomberg | Christopher Scinta, David Glovin and Erik Larson | Posted 02.02.2009 | Business

Read More: Madoff Scam, Madoff Ponzi Scheme, Bernard Madoff, Madoff Scandal, Business News

Just six days before he was charged with running a $50 billion Ponzi scheme, Bernard Madoff allegedly agreed to invest $10 million for a family that h...

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SEC Investigating More Ponzi Schemes In Madoff Wake

Bloomberg | Posted 02.02.2009 | Business

Read More: Sec, Economy, Financial Crisis, Christopher Cox, Personal Finance, Madoff Scandal, More Ponzi Schemes, Bernie Madoff, Madoff Ponzi Scheme, Ponzi Schemes, Business News

U.S. regulators working to untangle Bernard Madoff's alleged $50 billion Ponzi scheme are probing other money managers suspected of using similar tact...

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Madoff Robbed: Statue Worth $10,000 Stolen From Palm Beach Home

AP | Posted 01.30.2009 | Business

Read More: Schadenfreude, Irony, Madoff Ponzi Scheme, Bernie Madoff, Bernard Madoff, Business News

PALM BEACH, Fla. — Authorities say he took billions from investors, and now someone has taken a statue from him. Palm Beach police are investig...

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Where Did Madoff's $50 Billion In Stolen Funds Actually Go?

Talking Points Memo | Zachary Roth | Posted 01.29.2009 | Business

Read More: Bernard Madoff, Madoff Money Scandal, Madoff Scandal, Madoff Ponzi Scheme, Madoff $50 Billion Where Did It Go, Business News

Almost since the news broke that Bernard Madoff had confessed to running a "$50 billion Ponzi scheme", one of the key unanswered questions has been, w...

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Madoff Considering Insanity Defense Over $50 Billion Swindle

New York Daily News | Rush and Malloy | Posted 01.28.2009 | Business

Read More: Bernard Madoff, Madoff Lawyer Insanity Defense, Madoff Ponzi Scheme, Madoff Scandal, Madoff Insanity Defense, Business News

If you thought Bernard Madoff's $50 billion investment scheme was audacious, get ready for his alibi. Lawyers for the accused scammer are exploring an...

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Send America to Rehab

Eric Margolis | Posted 01.24.2009 | Politics

Read More: George W. Bush, Main Street, United States, Madoff Scandal, Afghanistan War, Dick Cheney Iraq Visit, Iraq War, Al Qaeda Pakistan, Al Qaeda in Iran, Wall Street Crisis, Wall Street, Dick Cheney Iran, Financial Crisis, Muntazer Al-Zaidi, Iraq, Muntazer Al-Zaidi Throws Shoes at Bush, Madoff Ponzi Scheme, George Bush Legacy, Politics News

Ironically, while Bush and Cheney were obsessing over al-Qaida, and searching under every rock in Afghanistan for Osama bin Laden, the real danger to America was at home -- on Wall Street.

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Doubts Growing Over Whether Madoff Acted Alone

AFP | Marine Laouchez | Posted 01.24.2009 | Business

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

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

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Ponzi Schemes and How to Spot Them

Sunny Hostin | Posted 01.23.2009 | Business

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

As news spreads of Bernard Madoff's alleged $50 billion fraud, many are wondering what exactly a Ponzi scheme is and how to avoid becoming a victim.

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Ponzi Democracy

Rory O'Connor | Posted 01.23.2009 | Business

Read More: Ponzi Scheme, Bernard Madoff, Madoff Ponzi Scheme, Madoff Scandal, Bernie Madoff, Markopolos, Charles Ponzi, Business News

Few accounts of the Madoff scandal have delved into the back-story of who "Ponzi" actually was, and how he became the legendary swindler whose name has since been enshrined in the financial Hall of Shame.

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