Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 21, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Bernard L. Madoff Investment Securities

Bernard L. Madoff Investment Securities stories: 52 news summaries

1 - 20 of 52 Stories | 1 2 3 Next >>

Switch to grid view »

TO THE BIDDER GO THE SPOILS

 Madoff Auction Nabs $1M 

Yours for only $6K—schemer's college ring

Nov 15, 09 9:27 AM CST
(Newser) - Those pining for a little piece of Ponzi-scheme history ponied up more than a million bucks yesterday for disgraced financier Bernie Madoff's stuff—more than doubling the $500,000 take expected. The proceeds from the 200-some items goes toward repaying Madoff's victims, reports the Wall Street Journal in a rundown... More »

MORE ABOUT:
auction • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities

FBI Arrests
Two More
Madoff Aides

Pair of computer programmers helped hide scheme, feds say

Nov 13, 09 9:17 AM CST
(Newser) - The Bernie Madoff net widens: The FBI has arrested two computer programmers accused of helping hide the massive Ponzi scheme. Jerome O'Hara and George Perez will be in court today on various fraud charges, including falsifying books. They are the third and fourth people arrested in addition to Madoff, who... More »

MORE ABOUT:
Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jerome O'Hara • George Perez

Madoff Accountant Pleads Guilty, Faces 114 Years

But denies knowing about Ponzi scheme

Nov 3, 09 12:18 PM CST
(Newser) - Bernie Madoff's accountant says he's a lousy auditor but no criminal. Still, he pleaded guilty to a slew of fraud charges today that could land him in prison for 114 years when he's sentenced in February. While admitting that he failed to conduct independent audits and took the statements of... More »

MORE ABOUT:
accountants • guilty plea • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • David Friehling

Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit

Oct 25, 09 4:07 PM CDT
(Newser) - Philanthropist Jeffry Picower, who allegedly reaped billions of dollars from longtime friend Bernard Madoff's Ponzi schemes, was found dead today at the bottom of his Florida swimming pool. Efforts to revive him failed, and his death was ruled a drowning, police said. Picower, 67, wife Barbara, and their foundation were... More »

MORE ABOUT:
philanthropy • fraud • lawsuit • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jeffry Picower • Picower Foundation • Barbara Picower

 Madoff HQ Was 
 'Coke-Fueled 
 Animal House' 

Ponzi kingpin now sharing cell with drug offender

Oct 21, 09 2:58 AM CDT
(Newser) - Bernie Madoff ran the druggiest, most decadent securities fraud in town, according to court papers filed yesterday. Madoff's offices were so awash in cocaine—paid for with investors' money—that it was nicknamed "the North Pole," and the firm hosted drug-fueled parties featuring topless waitresses, according to a... More »

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

 2 Madoff Victims Sue SEC 

Regulators are responsible for victims' losses, suit claims

Oct 14, 09 3:32 PM CDT
(Newser) - Two investors who lost a combined $2.4 million to Bernie Madoff’s ponzi scheme have sued the SEC for negligence. The lawsuit argues that the commission should reimburse the plaintiffs for their losses because it failed in its duty to protect investors. Regulators had "countless opportunities" to catch... More »

MORE ABOUT:
fraud • SEC • lawsuit • investment • Bernard Madoff • Bernard L. Madoff Investment Securities

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

Oct 2, 09 3:15 PM CDT
(Newser) - The trustee in the Bernie Madoff case, delivering on his threat to sue the imprisoned fraudster's relatives and co-workers, filed a $199 million lawsuit today in bankruptcy court. Rather than alleging that they knew about Bernie's Ponzi scheme, Irving Picard's complaint takes issue with the way brother Peter, sons Mark... More »

MORE ABOUT:
fraud • federal prison • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Irving Picard • Peter Madoff • Andrew Madoff • Mark Madoff • Shana Madoff

Ponzi Loot Puts Madoff Client Among Richest Americans

Picower made $7.2B, lands on Forbes list

Oct 2, 09 11:31 AM CDT
(Newser) - Jeffry Picower is a secretive guy, which must have made his turn in the spotlight this week all the more uncomfortable. The former lawyer, who was already being sued for $5.1 billion in alleged profits from Bernie Madoff’s Ponzi scheme, cracked Forbes’ list of the 400 wealthiest Americans... More »

MORE ABOUT:
fraud • Forbes 400 • Forbes • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Jeffry Picower

 Madoff's Beach Home Sells 
 for More Than Asking Price 

Montauk manse was on the market for $8.75M

Sep 17, 09 1:40 PM CDT
(Newser) - Bernie Madoff's Montauk beach house is off the market, ABC reports. A buyer paid cash "over the asking price" of $8.75 million, say Realtors involved with the deal. The US Marshals Service, which is selling the home to get money back for Madoff's victims, won't divulge the buyer's... More »

MORE ABOUT:
fraud • Long Island • federal prison • Ponzi scheme • Montauk • Bernard Madoff • Bernard L. Madoff Investment Securities

Madoff on Fooling SEC: 'Just Be Casual'

Ponzi schemer taped giving associates tips to dodge regulators

Sep 10, 09 5:11 PM CDT
(Newser) - The most important thing to remember if you want to fool the SEC is to act casual, Bernie Madoff told executives at Fairfield Greenwich Group. “You don't want them to think you're concerned about anything,” the Ponzi scheme mastermind said in a phone call taped in 2005, CNN ... More »

MORE ABOUT:
fraud • Massachusetts • federal investigation • finance • SEC • federal prison • SEC commissioners • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • regulator • Securities and Exchange Commission

 Madoff Lover Still 
 Talking About Tiny Penis 

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

Aug 27, 09 8:18 AM CDT
(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... More »

MORE ABOUT:
crime • sex • affair • penis • Ponzi scheme • extramarital affair • Bernard Madoff • Ruth Madoff • Bernard L. Madoff Investment Securities • Sheryl Weinstein

 Madoff 
 Dying of 
 Cancer: 
 Inmates 

Some speculate this is why he took the fall

Aug 24, 09 9:10 AM CDT
(Newser) - Bernie Madoff may not serve much of his 150-year sentence: The Ponzi schemer is suffering from cancer, fellow inmates tell the New York Post, and has been telling everyone he doesn't have long to live. “He’s been taking about 20 pills a day for his cancer,”... More »

MORE ABOUT:
cancer • prison • jail • pancreatic cancer • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities

whistleblower speaks

 Get Ready 
 for Bigger, 
 Badder Bernies 

Ponzi schemer will soon look small-time

Aug 12, 09 8:32 AM CDT
(Newser) - If you think you’re mad at Bernie Madoff, just wait. Harry Markopolos, who blew the whistle on Madoff, says there are more baddies out there who will make good ol’ Bernie “look like small time.” While speaking at a Southampton church, the fraud investigator predicted scandals related... More »

MORE ABOUT:
fraud • Ponzi scheme • credit default swap • Bernard Madoff • Harry Markopolos • Bernard L. Madoff Investment Securities

(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... More »

MORE ABOUT:
Ponzi scheme • securities fraud • witness • defrauding investors • Bernard Madoff • Bernard L. Madoff Investment Securities • Frank DiPascali

Madoff Aide Pleads Guilty, Will Help Prosecutors

DiPascali will get
time off his 125 years

Aug 11, 09 5:44 PM CDT
(Newser) - Bernie Madoff's right-hand man pleaded guilty to a slew of fraud charges today and agreed to help prosecutors unravel how the multi-billion-dollar Ponzi scheme worked, the Wall Street Journal reports. In return, Frank DiPascali, 52, will get time shaved off his potential sentence of 125 years. DiPascali began working for... More »

MORE ABOUT:
fraud • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Frank DiPascali

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 »

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

 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 »

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

 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 »

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

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 »

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

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 »

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

1 - 20 of 52 Stories | 1 2 3 Next >>


from our news partners

Associated PressAssociated Press