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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Bernard Madoff

Bernard Madoff stories: 237 news summaries

41 - 60 of 237 Stories | << Prev 1 2 3 4 5 6 7 ... 12 Next >>

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SEC Did Grill Madoff...About Whether He Was Hiring

Young, inexperienced investigators awed, missed signs of Ponzi scheme

Aug 11, 09 8:59 AM CDT
(Newser) - Bernie Madoff got nervous every time SEC investigators came around, but he shouldn't have: A new book claims the regulators were so green they were awestruck by Madoff—and even asked about job openings and dropped off resumes, the New York Post reports. “They’d send kids. I... More »

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Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • regulator • Securities and Exchange Commission

(Newser) - Ruth Madoff won't be able to spend $100 without scrutiny under a deal approved by a bankruptcy judge overseeing the liquidation of her husband's financial firm, the Wall Street Journal reports. Madoff agreed to give a full accounting of her income and any spending over $100 to a court-appointed trustee... More »

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Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff • Ruth Madoff • Irving Picard

investigation

Costs Soar as Docs Order and Perform Tests

Fishy practice
highlights challenge
of medical regulation

Jul 31, 09 12:25 PM CDT
(Newser) - As Congress wrestles with health-care reform, studies show it’s tough to regulate the status quo: Doctors’ “self-referrals” for medical imaging have continued despite efforts to legislate against them, the Washington Post reports. Doctors who own the equipment that scans patients stand to make more cash—and tend to... More »

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health care • health care costs • CT scans • physician • MRI • health care reform • CT scanner • doctors • Bernard Madoff

 Trustee Sues 
 Ruth Madoff 
 for $44M 

Bankruptcy trustee says fraudster's wife received more than she'll admit to

Jul 29, 09 4:14 PM CDT
(Newser) - The trustee in the Bernie Madoff case sued the swindler's wife today to demand the return of $44 million to bilked investors, Newsday reports. The complaint doesn't allege criminal activity by Ruth Madoff but says she directly received funds from her husband’s multi-billion-dollar Ponzi scheme. Ruth Madoff gave up... More »

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fraud • lawsuit • Ponzi scheme • investment fund • defrauding investors • Bernard Madoff • Ruth Madoff

Madoff: I Can't Believe They Didn't Catch Me

Gives first prison interview, and he's looking a little buff

Jul 28, 09 8:30 PM CDT
(Newser) - Prison life appears to be agreeing with Bernie Madoff. A lawyer who represents victims met with Madoff today and said he appears fit. "He looked pretty good and seems to be working out," said attorney Joseph Cotchett. "He looked a lot better than he has in some... More »

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fraud • Ponzi scheme • Bernard Madoff • Ruth Madoff • Peter Madoff • Andrew Madoff • Mark Madoff

 Madoff Crafty but 
 Dumb: New Book 

Pals surprised he pulled Ponzi scheme off

Jul 24, 09 8:48 AM CDT
(Newser) - Bernie Madoff was a swindler from a young age—but many acquaintances also considered him “the dumbest man on earth," says an upcoming exposé. Jerry Oppenheimer’s new book, Madoff With the Money, also reveals that the Ponzi schemer skirted 2 years of Army Reserve duty during... More »

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fraud • federal prison • book • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jerry Oppenheimer

(Newser) - New York lawmakers are considering a “Madoff” bill that would force convicts with deep pockets to pay the costs of their own imprisonment, Reuters reports. “Far too often, taxpayers are stuck with the bill for criminals who have extensive personal wealth waiting for them,” one assemblyman said... More »

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prison • Martha Stewart • jail • Leona Helmsley • New York state • Bernard Madoff

 Madoff's 
 'Prison 
 Hell' Not 
 So Hellish 

But he is in the doghouse with Ruth

Jul 20, 09 10:11 AM CDT
(Newser) - The New York Post got a little excited on today's front page, promising a look "Inside Madoff’s Prison Hell." But that turns out to be a bit of wishful thinking: “Some of the guys were talking about smacking him around a little, just to get the... More »

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prison • jail • Ponzi scheme • life sentence • Bernard Madoff • Ruth Madoff

Employer Bails Out Madoff-Hit Employees

Mass. businessman donates $5M for workers' retirement

Jul 18, 09 1:06 PM CDT
(Newser) - A Massachusetts businessman has ponied up $5 million of his own money to replace his employees’ retirement savings, which were wiped out by the collapse of Bernard Madoff’s Ponzi scheme, the Boston Globe reports. Robert I. Lappin, who made his money in vacuum cleaners, knows their pain because he,... More »

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business • retirement • Massachusetts • employer • Salem • Ponzi scheme • employees • Bernard Madoff

(Newser) - Bernie Madoff has reached his destination for the next 150 years or so. Clad in a blue jumpsuit, the fraudulent financier arrived at Butner Federal Correctional Complex in North Carolina just before noon today, ABC News reports. But the 71-year-old can take heart, because he “hit the inmate lottery,... More »

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fraud • North Carolina • federal prison • Ponzi scheme • white collar crime • inmates • Bernard Madoff

(Newser) - A high-flying New York lawyer who orchestrated a Ponzi scheme to fund his lavish lifestyle has been sentenced to 20 years in jail, the New York Times reports. Marc Dreier pleaded guilty to charges including conspiracy and securities fraud relating to the scam, which bilked hedge funds and other investors... More »

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fraud • sentencing • Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff • Marc Dreier • prison sentence

UPDATED

 Madoff Moved 
 to NC Prison 

With transfer, con man begins his 150-year sentence

Jul 13, 09 2:30 PM CDT
(Newser) - Bernard Madoff was transferred today from Manhattan’s Metropolitan Correctional Center to a prison in Butner, NC, to serve out his 150-year sentence, sources tell CNBC. Madoff’s attorney had requested that the 71-year-old convicted Ponzi schemer do his time at Otisville in upstate New York. The prison system tries... More »

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fraud • prison • New York • finance • Ponzi scheme • con man • Bernard Madoff • prison sentence

 Madoff Won't Appeal 

Conman resigned to life in prison

Jul 9, 09 2:59 PM CDT
(Newser) - Bernie Madoff will do his time, his lawyer said today. The 71-year-old con man sentenced to 150 years in prison on a slew of fraud charges related to his massive Ponzi scheme won’t file an appeal, Bloomberg reports. “In terms of the appeal, done, over,” Madoff’s... More »

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fraud • prison • crime • appeal • federal prison • Ponzi scheme • con man • Bernard Madoff • Bernard L. Madoff Investment Securities • prison sentence

glossies

 Why Ruth Is Our Punching Bag 

She's the top target for Madoff attacks—thanks in part to gender, bad PR

Jul 6, 09 1:29 PM CDT
(Newser) - Ruth Madoff “has become the primary punching bag for the media and the victims” of Bernie Madoff’s Ponzi scheme, “maligned more than any other Wall Street criminal’s wife in memory,” Sheelah Kolhatkar writes in New York—but are the attacks fair? We don’t know... More »

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gender • sexism • public relations • Ponzi scheme • gender bias • Bernard Madoff • Ruth Madoff • women's issues

Madoff May
Have Paid Off Austrian Banker

She's accused of sending him investors' cash, getting kickbacks

Jul 3, 09 2:59 AM CDT
(Newser) - The head of Bank Medici is being probed by authorities in the US, the UK, and her native Austria over alleged kickbacks she received from Bernard Madoff, the Wall Street Journal reports. Sonja Kohn is believed to have pocketed $40 million in return for turning three funds she managed into... More »

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Austria • Ponzi scheme • kickbacks • Bernard Madoff • Sonja Kohn • Bank Medici • Bernard L. Madoff Investment Securities • Madoff Securities International • fund manager

 Marshals Seize 
 Ruth Madoff's 
 Penthouse 

She 'left voluntarily': lawyer

Jul 2, 09 12:59 PM CDT
(Newser) - US Marshals seized Ruth Madoff’s $7 million Manhattan penthouse today after she made a deal to give it up last week, the New York Post reports. Madoff “left voluntarily and in an orderly manner to which all sides agreed,” said her lawyer. “We’re not here... More »

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New York • Manhattan • eviction • Ponzi scheme • U.S. Marshals Service • Bernard Madoff • Ruth Madoff

Ruth Madoff May Not Keep Her $2.5M For Long

Victims can still sue swindler's wife to recoup losses

Jul 2, 09 11:05 AM CDT
(Newser) - When she leaves her Manhattan penthouse, Ruth Madoff will have a mere $2.5 million to her name—and she might not have that for long either, Newsday reports. Madoff’s deal with the government—in which she’ll gives up more than $80 million in assets, keeping just the... More »

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bankruptcy • lawsuit • Fairfield • Ponzi scheme • Bernard Madoff • Ruth Madoff • trustee • bankruptcy trustee

SEC Staffer Was Waved Off Madoff Probe

Investigator's questions could have exposed Ponzi scheme in 2004

Jul 2, 09 5:52 AM CDT
(Newser) - An SEC investigator whose questions could have exposed Bernard Madoff's fraud in 2004 was shifted to an unrelated case after raising the alarm, the Washington Post reports. One of the supervisors who told the staffer to focus instead on a mutual funds investigation later married Madoff's niece, and the relationship... More »

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SEC • Ponzi scheme • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities

(Newser) - Alec Baldwin throws water on the general celebration of Bernie Madoff's prison sentence, arguing that the 150-year term handed down to the fraudster Monday was a wasted opportunity. "I want to suggest, as I am confident others have, that Madoff be given a reduced sentence in exchange for answering... More »

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fraud • prison • Alec Baldwin • federal prison • Ponzi scheme • federal prosecution • Bernard Madoff • Frank Abagnale • prison sentence



 US Won't 
 Charge 
 Ruth 
 Madoff 

Not enough evidence to nab Bernie's wife in Ponzi scheme

Jul 1, 09 10:45 AM CDT
(Newser) - Ruth Madoff won’t be prosecuted in her husband’s giant Ponzi scheme, insiders tell the New York Post, because the feds didn't find enough evidence against her after a 6-month probe. She had “no criminal exposure,” one source says. But if something new turns up, authorities... More »

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fraud • prison • Ponzi scheme • federal prosecution • criminal prosecution • Bernard Madoff • Ruth Madoff

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