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Madoff

Madoff Sentencing Today

AP | TOM HAYS and LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — A federal judge rejected Bernard Madoff's plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life...

The Madoff Twelve

Norb Vonnegut | Posted 05.25.2011 | Home
Norb Vonnegut

Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...

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

ProPublica | Jake Bernstein | Posted 05.25.2011 | Business

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...

Madoff Scandal: SEC Charges Madoff Feeder Funds

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage fir...

Rene‐Thierry Magon De La Villehuchet's Widow Speaks Out, Calls Madoff 'A Murderer'' (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Fox Business scheduled to air tonight, Claudine de la Villehuchet, the widow of French investor Rene‐Thierry Magon De La Villeh...

Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 05.25.2011 | Business

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...

Madoff: The Three Amigos

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.

Is the SEC Awake?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer now? Yeah, right.

Bonfire of The Vanities: The Arrogance of British Politics

Cedric Perrier | Posted 05.25.2011 | World
Cedric Perrier

Politicians have long been fodder for the rabble-rousing editor of any tabloid, but when exactly did we stop respecting or appreciating those we elect to represent us in the legislative process?

8 Common Sense Questions To Ask A Potential Investment Counsel

Anne Naylor | Posted 11.17.2011 | Healthy Living
Anne Naylor

"Ordinary riches can be stolen, real riches cannot. In your soul are infinitely precious things that cannot be taken from you." -- Oscar Wilde Money ...

Madoff Leftovers

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.

Madoff Whistleblower Markopolos Blasts SEC But Praises New Chair Schapiro

BusinessWeek | Aaron Pressman | Posted 05.25.2011 | Business

Chartered financial analyst Harry Markopolos spent 10 years unsuccessfully trying to convince the Securities & Exchange Commission to investigate Bern...

Madoff Sons Latest Suffering

New York Post | Posted 05.25.2011 | Business

BOY, it stinks to be Bernie Madoff's sons. Andrew and Mark Madoff -- who claim to know nothing of their dad's Ponzi scheme despite having made mil...

WMD: Weapons of Money Destruction

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Get-rich-quick schemes are the new WMD.

Banco Santander To Pay $235 Million In Madoff Case

New York Times | Zachery Kouwe | Posted 05.25.2011 | Business

Banco Santander, which funneled $3 billion of its clients' money to Bernard L. Madoff, agreed Tuesday to pay $235 million to settle potential legal cl...

Get Rich Cheating

Jeff Kreisler | Posted 05.25.2011 | Comedy
Jeff Kreisler

Everyone's doing it--from sleazy CEOs to 'roided-up home run kings, silicone-enhanced starlets, and backroom-dealing congressmen--so why not you?

One Billion and Broke

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

If this were Hollywood, the courtroom would be jammed. Reporters everywhere. Rowdy audience. Distinguished lawyers snarling and prepping to rip each o...

Could Great Magazines Publish Less Original Material?

Julia Cheiffetz | Posted 05.25.2011 | Media
Julia Cheiffetz

During this moment of transition when budgets for long form journalism seem scarcer by the day, maybe looking to the classics or the public domain is one tiny way to keep our collective attention span in tact.

Irving Picard Fights To Recover Madoff Money (SLIDESHOW)

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

While the SEC did nothing for years as Bernard Madoff ripped off billions from his clients in one of the world's largest ponzi schemes, the trustee pu...

Spaghetti a la Madoff

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The trustee is on a mission to recover funds. He has his agenda, and we're watching a game of hardball between the courts and some extremely wealthy investors.

Should the SEC Tweet?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

FINRA and the SEC are compounding a problem -- they're regulating unevenly. The result is that bad guys have a place to hide -- or to reinvent themselves.

Billions Withdrawn Before Madoff Arrest, Records Show

New York Times | DIANA B. HENRIQUES and ZACHERY KOUWE | Posted 05.25.2011 | Business

About $12 billion was pulled out of accounts at Bernard L. Madoff's firm in 2008, according to several people briefed on an analysis of Mr. Madoff's b...

Top Ten Ways to Spot Financial Fraud

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff's sense of order was legendary. He probably arrived at the office early just to run the vacuum cleaner. Other cons are similarly fastidious.

Honey, I Shrunk the Kids' Allowance

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff's preferential treatment of some investors, however, is a big deal. It's a likely blueprint, I think, of the trustee's legal tactics.

Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.