In the Amish and Mennonite communities of rural Sugarcreek, Ohio, Monroe Beachy was a respected financial figure for decades. He is now accused of run...
Posted 02.13.2012
An environmental nonprofit run by Eagles great Don Henley has agreed to give back half of a $100,000 donation by convicted ponzi schemer Scott Rothste...
Robert Lenzner | Posted 05.25.2011
JP Morgan could be "complicit", i.e. aiding and abetting the Madoff Ponzi scheme, by omission -- that is not fulfilling its duty as a fiduciary -- as well as by commission, according to white collar lawyers I have consulted today.
AP | TOM HAYS | Posted 05.25.2011
NEW YORK — Two longtime back office employees of Bernard Madoff were arrested Thursday on charges that they helped the disgraced financier dupe ...
AP | VERENA DOBNIK | Posted 05.25.2011
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...
AP | Posted 05.25.2011
FORT LAUDERDALE, Fla. — Federal prosecutors have asked a judge to approve more than $188 million in restitution for victims of the Ponzi scheme ...
Norb Vonnegut | Posted 05.25.2011
I just returned from Nino's in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff's Ponzi scheme.
James B. Steele | Posted 05.25.2011
Nobody knows what the future holds for print, but Harris has given us a book that will inspire journalists to pursue public service journalism in whatever format it takes.
AP | JEFF KAROUB | Posted 05.25.2011
DETROIT — Michigan regulators said Thursday that a member of the Winans gospel-music family led a fraudulent, multimillion-dollar investment program...
James Altucher | Posted 05.25.2011
I'm simply raising the question. Could legal insider trading lead to a more efficient market that would ultimately benefit investors and allow investigators to probe elsewhere?
AP | JENNIFER KAY | Posted 05.25.2011
MIAMI — Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South ...
Business Week | Brian Burnsed | Posted 05.25.2011
The now infamous dealings of Bernard Madoff, the money manager accused by federal authorities of running a $65 billion Ponzi scheme, have dominated he...
Jeff Kreisler | Posted 05.25.2011
Bernie Madoff got 150 years in prison, though he told investors it was 175 years... and they each told two investors it was 190 years... and so on and so on and so on...
Norb Vonnegut | Posted 05.25.2011
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...
Norb Vonnegut | Posted 05.25.2011
What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.
Norb Vonnegut | Posted 05.25.2011
The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer now? Yeah, right.
Norb Vonnegut | Posted 05.25.2011
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.
Norb Vonnegut | Posted 05.25.2011
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.
Aaron Zelinsky | Posted 05.25.2011
For the good of the American people, Madoff's victims, and the American financial regulatory system, Madoff should be tried in open court.
Charles H. Green | Posted 05.25.2011
Another day, another Ponzi scheme. R. Allen Stanford's take: $8 Billion. Not chump change, of course, but neither does it put him in Madoff's league. But the Stanford scandal has set a linguistic record.
Reese Schonfeld | Posted 05.25.2011
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.
John Tepper Marlin | Posted 05.25.2011
Hyman Minsky didn't live to see how closely this year's meltdowns would follow his predicted scenario, with the Lehman failure being one of several clear Minsky moments.
Chris Weigant | Posted 05.25.2011
If we're going to minutely examine autoworkers' wages, and dictate the travel plans of one industry we are bailing out, then it seems eminently reasonable to do the same for the banking industry.
nytimes.com | Posted 02.26.2012