Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Ponzi scheme

Ponzi scheme stories: 247 news summaries

101 - 120 of 247 Stories | << Prev 1 2 3 4 5 6 7 8 9 10 ... 13 Next >>

Switch to grid view »

Ruth Madoff Pays Bernie First Visit in Jail

Ponzi schemer's wife stays silent after Manhattan meeting

Apr 7, 09 3:05 AM CDT
(Newser) - Ruth Madoff visited her husband in his new prison home for the first time yesterday, the New York Post reports. The swindler's wife, accompanied by private security, appeared calm and relaxed after her 20-minute meeting with Bernard Madoff in the Manhattan Correctional Center, although she refused to answer reporters' questions... More »

MORE ABOUT:
jail • Ponzi scheme • visitation • securities fraud • Bernard Madoff • Ruth Madoff

INTERVIEW

Tearful Stanford 'Madder Than Hell' at Ponzi Charges

Tycoon expects indictment in 2 weeks

Apr 6, 09 4:00 PM CDT
(Newser) - Sir Robert Allen Stanford expects an indictment from the feds in a couple of weeks, but maintained his innocence in an interview with ABC News. The disgraced financier cried and told his interlocutor, “I will punch you in the mouth” if he mentioned reports that Stanford laundered drug money.... More »

MORE ABOUT:
crime • drug trafficking • money laundering • Ponzi scheme • federal indictment • bank scandal • interview • Stanford Financial Group • Robert Allen Stanford

Cuomo Charges Madoff Feeder With Fraud

Says 'investment guru' Merkin was really just 'master marketer'

Apr 6, 09 12:24 PM CDT
(Newser) - New York AG Andrew Cuomo has charged J. Ezra Merkin, a prominent New York philanthropist who funneled $2.4 billion into Bernie Madoff’s Ponzi scheme, with fraud, the Wall Street Journal reports. The complaint doesn’t accuse Merkin of knowing about the scheme. But it alleges that he... More »

MORE ABOUT:
fraud • charity • nonprofit • Andrew Cuomo • Ponzi scheme • Bernard Madoff • Ezra Merkin

Feds Seize
Yet Another Madoff Boat

$430K Long Island vessel will be sold
to aid victims

Apr 3, 09 6:44 AM CDT
(Newser) - After nabbing a yacht and a motorboat and seizing his Florida mansion, feds have taken a third vessel belonging to Bernie Madoff: a fancy fishing boat found off Long Island, the New York Daily News reports. The 38-foot boat, bought for $430,812 in 2003, is named Sitting Bull, in... More »

MORE ABOUT:
seizure • Long Island • Ponzi scheme • fishing boat • Bernard Madoff

 Feds Grab Madoff Mansion 

$11M Palm Beach pad will be sold to pay pack Ponzi scheme victims

Apr 2, 09 1:35 AM CDT
(Newser) - Federal authorities seized Bernard Madoff's Florida mansion yesterday shortly after confiscating his two yachts, the New York Daily News reports. US marshals and Palm Beach police took over the five-bedroom $11 million mansion—which is in Ruth Madoff's name—as part of an effort to seize as many Madoff assets... More »

MORE ABOUT:
Ponzi scheme • Palm Beach • securities fraud • Bernard Madoff • Ruth Madoff

 Feds Seize Madoff's Boats 

Yacht, motorboat part of his $823M fortune

Apr 1, 09 12:41 PM CDT
(Newser) - US Marshals seized two boats belonging to jailed schemer Bernie Madoff today, the AP reports. The vessels—a 55-foot yacht and a 24-foot motorboat that were docked at separate Florida marinas—were part of the $823 million in assets Madoff and his wife had accumulated by the end of last... More »

MORE ABOUT:
fraud • crime • finance • Ponzi scheme • yachts • Bernard Madoff

Madoff Feeder Fund Charged With Fraud

Mass. complaint vs. Fairfield Greenwich is regulatory, not criminal

Apr 1, 09 9:55 AM CDT
(Newser) - Massachusetts regulators charged Fairfield Greenwich Group with fraud today, the Wall Street Journal reports, saying it failed in its fiduciary duties by funneling money into Bernard Madoff’s Ponzi scheme. Fairfield was one of Madoff’s top feeder funds, and there was a “profound disparity between the due diligence... More »

MORE ABOUT:
fraud • Ponzi scheme • Bernard Madoff • Fairfield Greenwich Group

Judge Kills Allowance for Madoff Bro

Rulings in response to lawsuits also extend freeze to feeder funds

Apr 1, 09 4:37 AM CDT
(Newser) - A appeals judge yesterday nixed a deal that gave Bernard Madoff brother Peter a $10,000 monthly allowance out of his frozen assets, reports the New York Daily News. The ruling, which came in response to a suit from a law student who lost his $500,000 inheritance, prevents him... More »

MORE ABOUT:
Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities • Peter Madoff



 Madoff 
 'Cheated on 
 Wife, Too' 

Ponzi schemer linked to exec assistant at media firm: insider

Mar 29, 09 11:08 AM CDT
(Newser) - His investors may not have been the only ones Bernie Madoff cheated: sources tell the New York Daily News that the Ponzi schemer had at least one extramarital affair . He was involved with an executive assistant at a big media firm "eight or nine years ago," one insider... More »

MORE ABOUT:
Ponzi scheme • extramarital affair • Bernard Madoff • Ruth Madoff

Madoff 'Used London Office as Piggy Bank'

Brits considering charges against Madoff's UK employees

Mar 28, 09 4:35 AM CDT
(Newser) - British investigators believe Bernard Madoff's London operation played a central role in his Ponzi scheme, the Times of London reports. Authorities suspect the business was either "a cog in the giant washing machine" laundering Madoff's billions, his personal piggy bank, or both. Ruth Madoff received $2 million from Madoff's... More »

MORE ABOUT:
London • Britain • Ponzi scheme • securities fraud • Bernard Madoff • Bernard L. Madoff Investment Securities

 McEnroe Helps Nab Art Dealer 


Mar 26, 09 7:04 PM CDT
(Newser) - A prominent art dealer arrested today and accused of running a sort of art-world Ponzi scheme made one crucial mistake—he got John McEnroe mad again. The tennis great with the legendary temper triggered the investigation after being duped out of $2 million by Lawrence Salander, the New York Daily ... More »

MORE ABOUT:
fraud • New York City • art • Ponzi scheme • John McEnroe • Howard Stern Grid

(Newser) - A New York art dealer was charged today with stealing $88 million in investments and artwork in what may be an art-world Ponzi scheme, the Times reports. Investors and collectors say they entrusted Lawrence Salander with funds or artwork after the dealer promised hefty returns. In many cases, they were... More »

MORE ABOUT:
fraud • New York • art • lawsuit • Old Masters • Ponzi scheme • art dealer

Scammed Law Student Wins Freeze of Madoff Bro Funds

Peter Madoff had 'full knowledge' of scam, lawsuit charges

Mar 26, 09 3:48 AM CDT
(Newser) - A Brooklyn law student who lost a $500,000 inheritance in the Bernard Madoff scam has won a court order freezing the assets of the swindler's brother, reports Reuters. Peter Madoff was in charge the student's trust, which he invested in Madoff's s scheme. Peter Madoff was an executive officer... More »

MORE ABOUT:
hedge fund • scam • Ponzi scheme • Bernard Madoff • Peter Madoff

 France Will 
 Battle US 
 for Madoff 
 Chateau 

Rival prosecutors preparing to grab Riviera pad

Mar 24, 09 9:00 AM CDT
(Newser) - A legal tug-of-war is getting underway over the Madoffs' Riviera chateau, reports the New York Post. Bernard and Ruth Madoff's $1 million French pad is among the assets US federal prosecutors want the couple to forfeit to help reimburse scammed investors, but French authorities—who have opened a criminal inquiry... More »

MORE ABOUT:
France • Ponzi scheme • French Riviera • asset forfeiture • Bernard Madoff • Ruth Madoff

Madoff Assets Top $1B

Trustee seeks Bernie's UK stocks, but $1M French home likely
out of reach

Mar 23, 09 9:10 PM CDT
(Newser) - The trustee digging up Bernard Madoff's assets has uncovered another $75 million in a Gibraltar bank account, pushing the total above $1 billion, the Wall Street Journal reports. In a civil hearing today, Assistant US Attorney Barbara Ward discussed the pursuit of other Madoff assets, saying France will likely seize... More »

MORE ABOUT:
Ponzi scheme • fixed assets • Bernard Madoff

Investors Hire Gumshoes to Snoop on Fund Managers

Fraud schemes prove boon to private eyes

Mar 23, 09 4:24 PM CDT
(Newser) - Investors are increasingly hiring private investigators to dig up dirt on fund managers in hopes of avoiding the next Madoff-style fraud, Bloomberg reports. Background checks are expensive—depending on the firm, they may cost $1,000 per company or individual investigated—and can take weeks, but investors say they are... More »

MORE ABOUT:
fraud • background check • private investigator • Ponzi scheme • investor • defrauding investors • background checks • Bernard Madoff • Bernard L. Madoff Investment Securities • Arthur Nadel

Congo Con Joins Madoff Victims' Chorus ... Sorta

Standard 'foreign investment' scam email made it past US Attorney's office

Mar 23, 09 3:13 PM CDT
(Newser) - The federal prosecutors collecting testimonials from victims of Bernard Madoff for the judge slated to sentence him don’t appear to have been too discerning, Josh Marshall reports for Talking Points Memo, after a standard-issue “African businessman” spam email made it into the pile. And though the promised $3.... More »

MORE ABOUT:
fraud • email • spam • humor • sentencing • Ponzi scheme • Bernard Madoff

 Judge Denies 
 Madoff's Bail Appeal 

Fraudster will wait in jail until June sentencing

Mar 20, 09 11:17 AM CDT
(Newser) - A federal appeals court today denied Bernard Madoff’s request to be released on bail until his June sentencing date, the New York Daily News reports. “The defendant’s age and exposure to imprisonment are undisputed, and the court did not err in inferring an incentive to flee from... More »

MORE ABOUT:
fraud • flight • prison • investors • bail • Ponzi scheme • Bernard Madoff

(Newser) - Bernard Madoff’s lawyer argued today that the financier, who has pleaded guilty to a $65 billion Ponzi scheme, should be free on bail until June sentencing, the New York Times reports. Ira Sorkin cited past precedent in similar cases, but the prosecution said Madoff has incentive to flee—and... More »

MORE ABOUT:
US Appeals court • sentencing • house arrest • bail • Ponzi scheme • district attorney • Bernard Madoff • Ira Sorkin

 Madoff Victims Get Free Meal 

New York restaurant offers three-course meal to Ponzi scheme victims

Mar 19, 09 9:36 AM CDT
(Newser) - There ain't no such thing as a free lunch—but if you were a victim of Bernie Madoff's Ponzi scheme, a restaurant in New York will give you a free dinner. This week Nino's 208, an Italian restaurant located near Madoff's offices, is offering the city's swindled any three courses... More »

MORE ABOUT:
New York • restaurant • free • Ponzi scheme • Bernard Madoff

101 - 120 of 247 Stories | << Prev 1 2 3 4 5 6 7 8 9 10 ... 13 Next >>


from our news partners