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 see all

Displaying items 1-5
  • Personal Finance Q&A: Risks of keeping entire nest egg at one brokerage

    Dear Liz: I recently retired at 56 and am receiving a pension. My wife is set to retire next year at 56 and will also receive a pension. I chose to leave my 401(k) in my employer's plan but am planning to consolidate it with my wife's 457 and four 403(b) accounts once she retires. We also have a portfolio of stock and bond mutual funds. I'd like to consolidate everything at one brokerage firm to simplify record keeping, but what's the level of risk of having all our investments with one company? We have about $3 million in assets total.
  • Reel Critics: 'American Sniper' right on target

    In Clint Eastwood's Oscar-winning film "Unforgiven," he caused the harsh light of day to shine on Hollywood's romantic notions of the Old West. In "American Sniper," he shines a severe spotlight on our ongoing wars in the Middle East by focusing on...

    What to consider before consolidating retirement accounts

    Q. Should I put all my retirement accounts with one brokerage/financial firm? I have two accounts at one firm out of town, and a recently inherited account with another firm here in my hometown. The same applies to my husband's accounts. My daughter...

    Tribute to the courtroom sketch artist

    The moment, in Bill Robles' recollection, came in a flash. Charles Manson grew agitated during his 1970 murder trial and lunged at the judge, a uniformed official tackling him around the waist and averting further mayhem in the courtroom. Within an hour,...

    Pam Bondi lawsuit: Naples man ripped off elderly investors

    Pam Bondi lawsuit: Naples man ripped off elderly investors
    NAPLES — State Attorney General Pam Bondi has sued a Naples businessman on racketeering and fraud charges, alleging he stole millions of dollars from victims nationwide — many of them elderly — by making false promises and offering...