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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
  • Family ties take a beating, stay strong

    Family ties take a beating, stay strong
    In one of the few truly unexpected twists in Laurie Sandell's recent book "Truth and Consequences: Life Inside the Madoff Family" (Little, Brown and Co.), Ruth Madoff, the wife of disgraced financier Bernie Madoff, has nowhere to turn. Her husband of...
  • Mets Owners Will Go To Trial For Involvement In Madoff Scam

    Mets Owners Will Go To Trial For Involvement In Madoff Scam
    New York Mets owners have been ordered to stand trial in a civil lawsuit that's seeking to recover over $350 million that the team invested in Bernie Madoff's Ponzi scheme, a judge ruled Monday. U.S. District Court Judge Jed S. Rakoff ruled that Madoff's...
  • 4-Alarm Blaze Consumes Historic Upper East Side Synagogue

    4-Alarm Blaze Consumes Historic Upper East Side Synagogue
    A four-alarm blaze left a historic synagogue on Manhattan's Upper East Side in shambles Monday. According to officials, the fire tore through the Kehilath Jeshurun Synagogue at around 8 p.m. Flames could be seen shooting out of the windows and through...
  • News of the Weird: Homeland-Security Spending Binges, and "Smelling Salts"

    News of the Weird:  Homeland-Security Spending Binges, and "Smelling Salts"
    An option for suicide "with elegance and euphoria" is how Lithuanian-born Ph.D. candidate Julijonas Urbonas (London's Royal College of Art) described his "Euthanasia [Roller] Coaster," currently on the drawing board. Urbonas' model of "gravitational...
  • Social Security sets off sparks

    Social Security sets off sparks
    If there was still any doubt that Social Security is the proverbial third rail of American politics — that is, potentially deadly to the touch — Gov. Rick Perry has provided the electrifying answer: You don't mess with the monthly checks,...
  • Madoff Wife, son say knew nothing of scheme: CBS

    NEW YORK (Reuters) - The wife and son of financial swindler Bernard Madoff said in their first interview to be broadcast on Sunday that they knew nothing of his estimated $65 billion Ponzi scheme, but feel shame for his "unforgiveable" crime. Madoff, 73,...
  • Daum: Denial — Madoff style

    I didn't see any Ruth Madoff masks on Halloween night, but it wouldn't have surprised me if I had. The wife of disgraced Wall Street Ponzi schemer Bernard Madoff is Pariah No. 1 this week, followed closely by her son, Andrew. The two, along with Andrew'...
  • Dutch scientist accused of falsifying data

    Social psychologist Diederik Stapel made a name for himself by pushing his field into new territory. His research papers appeared to demonstrate that exposure to litter and graffiti makes people more likely to commit small crimes and that being in a messy...
  • Don't blame Obama for the world's problems; blame yourself

    Not long ago, in the "Readers Respond" column, one of your readers said that President Barack Obama's "failure to prevail" in the recent debt ceiling fiasco "speaks to his failure in leadership." It clearly does not. The debt ceiling "crisis" is not new...
  • In federal prison, Baltimore cops get no breaks

    Police officers convicted of a crime in Maryland and sentenced to state prison are typically housed in segregated areas for their safety, far from most other inmates. But those prosecuted in U.S. District Court and sent to federal prison — like the...
  • Mailbag: Stop attacking the labor unions

    Re. "Commentary: Tactics from the union playbook stay the same," (Aug. 29): An odd incident that may or may not have any connection whatsoever to any labor union is being hyped to promote an insidious antiunion agenda. Even if one were to accept,...