Madoff Family Members May Face Charges

US seeks payback of loans, along with gems, cufflinks

(NEWSER) - The Madoff accounting continues. Authorities said today they intend to collect millions of dollars from Bernie's sons, about $2.6 million worth of his wife's jewelry, and 35 watches and cufflinks that belonged to the Ponzi schemer himself, the Daily News reports. Madoff lent son Mark $9.5 million, much of it just months ahead of his arrest, and son Andrew $22 million. While dad may not have collected, the government intends to, the News notes. More»

Fraud extended to London, US says

(NEWSER) - At least a quarter-billion dollars of client funds passed through Bernard Madoff's London operation in money-laundering maneuvers that involved the trading operation as well as the firm's investment-advisory arm, the US government alleges. Madoff's sons, who have denied involvement in the Ponzi scheme in which their father is about to plead guilty, ran the trading division, the Wall Street Journal reports. More»

Bernie's used boxers: The perfect holiday gift!

(NEWSER) - If ever you had a desire to buy a pair of Bernie Madoff’s cuticle scissors … you missed your chance. More of the Ponzi schemer’s stuff , including, yes, cuticle scissors, was auctioned off yesterday. The sale grossed more than $2 million—quite a bit more than the $1.2 million that was predicted. Among the thousands of belongings that hit the auction block: Ruth’s engagement ring ($550,000) and diamond earrings ($135,000), a vintage Rolex watch ($67,500), and a leather bull foot stool ($3,300—even though the tail broke off). More»

Oh, and forget about her being in the clear—Weinstein says she 'had to know'

(NEWSER) - Sheryl Weinstein is still expounding on Bernie Madoff’s “not very large” penis, most recently to Cindy Adams of the New York Post. “It was narrow,” she says. “Tiny in terms of girth, not length.” Still, he somehow convinced scores of women to sleep with him—“he was a player,” Weinstein says—thanks in part to the wonders of sexual positioning: “Did you ever hear of being on top?” More»

(NEWSER) - Investigators see yesterday's guilty plea of Bernard Madoff's right-hand man as a major breakthrough in their efforts to untangle the elaborate Ponzi scheme, BusinessWeek reports. Frank DiPascali, chief financial officer at Madoff's firm, has promised to cooperate with prosecutors and is expected to name other people involved in the scam and to help trace assets Madoff may have stashed around the world. More»