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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.
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Top Bernard Madoff Articles

Displaying items 100-110
  • Madoff Trustee Gets $7B Settlement

    Madoff Trustee Gets $7B Settlement
    The trustee recovering money for Bernard Madoff's burned investors has reached a $7.2 billion settlement with the estate of a Florida philanthropist and businessman who had been the single-largest beneficiary of the fraud. The settlement with the...
  • Judge Revokes Bail For Bernie Madoff Secretary

    Judge Revokes Bail For Bernie Madoff Secretary
    Bernard Madoff's former secretary was ordered Tuesday to surrender in Florida by a judge who revoked her $5 million bail, saying her access to large amounts of money created "a very real potential" she could flee. U.S. District Judge Laura Taylor Swain...
  • Learning intangibles: leadership, ethics and decision making

    Learning intangibles: leadership, ethics and decision making
    If a teenager observes a schoolmate and standout athlete consuming alcohol at a party the night before a big game, should he intervene? If a girl knows a friend is digitally harassing a third party, posting nasty messages on social networking sites,...
  • 'Madoff' items missing at advertised auction

    'Madoff' items missing at advertised auction
    Grad student Matthew Franco joined scores of others in Pikesville Sunday to check out the "Bernie Madoff Liquidation" and maybe pick up a piece of the famous felon's loot. But the Madoff merchandise at auction venue Grey Rock Mansion turned out to be...
  • Mets Owners Explore Partial Sale Of Team

    Mets Owners Explore Partial Sale Of Team
    The New York Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle. Court-appointed trustee Irving Picard has said the Mets made nearly $48 million in Madoff'...
  • Report: Martin Luther King's Son Interested In Buying Into Mets

    Report: Martin Luther King's Son Interested In Buying Into Mets
    The son of Martin Luther King Jr. is reportedly interested in becoming a minority owner of the New York Mets. The New York Post reported Sunday that Martin Luther King III was part of a bid that includes former Mets first baseman Ed Kranepool, Donn...
  • NY Mets Owners Hit With $300 Million Madoff Lawsuit

    NY Mets Owners Hit With $300 Million Madoff Lawsuit
    The owners of the New York Mets turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges. Irving Picard, the court-appointed trustee...
  • As season dawns, some fans hope for Angelos to sell the Orioles

    As season dawns, some fans hope for Angelos to sell the Orioles
    Scott Evans remembers the soft glow of the small television set, and the way his stepfather tried to calm him and his sister for the benefit of the neighbors in the apartment below. But who, on this night, was not celebrating? It was 1983 and the...
  • The Interview John Hauserman, Certified Financial Planner board ambassador

    The Interview John Hauserman, Certified Financial Planner board ambassador
    Financial advisers often have an alphabet of professional designations behind their names, but the dominant one remains "CFP," or certified financial planner. The CFP Board, which sets the national standards for financial planners, has announced in the...
  • We're turning America into a giant casino

    We're turning America into a giant casino
    Anyone who says you can get rich through gambling is a fool or a knave. Multiply the size of the prize by your chance of winning it and you'll always get a number far lower than what you put into the pot. The only sure winners are the organizers -- casino...
  • TV review: 'Don't Trust The B---- In Apartment 23' just yet

    TV review: 'Don't Trust The B---- In Apartment 23' just yet
    You may not want to wait to see James Van Der Beek in ABC's new comedy "Don't Trust The B---- In Apartment 23," but don't let the inconsistent premiere turn you away. The former "Dawson's Creek" hunk provides much of the charm and limited punch lines...