RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

Bernard Madoff

Bernard Madoff
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."

Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.

The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.

He is free on bail but must stay at his Upper East Side apartment.
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."

Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.

The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.

He is free on bail but must stay at his Upper East Side apartment.
« Show less

Top Bernard Madoff Articles

Displaying items 1-11
  • How the rich sometimes end up poor

    How the rich sometimes end up poor
    Celebrities — they're just like us. Or so the gossip magazines say. I'll attest to this much: The rich and famous can have as hard a time protecting their money as everyone else. Just ask Kevin Bacon, erstwhile client of Ponzi-scheme con artist...
  • Fact-Based 'Rob The Mob' At Playhouse

    Fact-Based  'Rob The Mob' At Playhouse
    Raymond De Felitta considers the Mafia "a dead issue," as filmmaking goes. Who can out-do "The Godfather" and "GoodFellas"? The film director found a way not to outdo those movies, but to end-run them: by making "an anti-mob movie," "Rob the Mob." "It's...
  • Ex-Madoff employee sentenced to 9 months of home detention

    A second-generation employee of Bernard Madoff who was one of the earliest government cooperators after the massive Ponzi scheme was revealed was sentenced Wednesday to nine months of home detention. Eric Lipkin, who said he "cannot apologize enough" for...
  • Ex-Madoff controller avoids prison time after cooperating

    Imprisoned Wall Street swindler Bernard Madoff's former controller won't have to go to prison after a prosecutor praised her Tuesday for helping them successfully convict others in his multibillion-dollar fraud. Enrica Cotellessa-Pitz, 56, was...
  • NYC Court Calendar

    Associated Press NYC Court Calendar for Tuesday, May. 19. The daybook is for planning purposes only and is not intended for publication or broadcast. You should verify any event you plan to cover. Please keep the AP in mind when news develops. The New...
  • Kay Allen: Harmful investing attitudes

    Most of us consider ourselves logical and objective when we invest (or make any decision, for that matter). Yet subtle biases and behaviors strongly influence us. Here's what to guard against when handling your money. RECENCY BIAS This tendency to...
  • Today's Headlines: Losing Our Religion. Favela Lives Matter.

    Hello. I'm Davan Maharaj, editor of the Los Angeles Times. A major new study finds the U.S. is becoming less Christian, and Verizon discovers new life in AOL. Here are some story lines I don't want you to miss today. a img{ border:none; } .left{ float:...
  • Frank DiPascali dies at 58; Bernie Madoff aide turned government witness

    Frank DiPascali dies at 58; Bernie Madoff aide turned government witness
    Bernard Madoff's former right-hand man, who once admitted he was loyal to his boss “to a terrible, terrible fault,” has died less than a month before he was to face sentencing for his role in the multibillion-dollar fraud. Frank DiPascali,...
  • Shula should pipe down about Pats

    Shula should pipe down about Pats
    Don Shula has earned the right to say whatever he darned well wishes. That said, I wish he’d stop talking about the cheating Patriots. If he won’t, somebody please tape his mouth shut. Please, before Shula hopelessly taints his image with...
  • Personal Finance Q&A: Investing an inheritance for college

    Personal Finance Q&A: Investing an inheritance for college
    Dear Liz: We recently inherited some money. We've never had much. We want to invest our inheritance for our kids' college education. We asked around to find investment firms that people have had a good experience with. But how do we know they are honest...
  • Frank DiPascali, Madoff aide-turned-government witness, dies

    Bernard Madoff's former right-hand man, who once admitted he was loyal to his boss "to a terrible, terrible fault," has died less than a month before he faced sentencing for his role in the multi-billion dollar fraud. Frank DiPascali, 58, died Thursday...