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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
  • Power rankings: No. 25 Mets

    Power rankings: No. 25 Mets
    Bernie Madoff, meet Ruben Tejada. Ruben Tejada, meet Bernie Madoff. Mets fans, meet your future until your swindled owner, Fred Wilpon, is replaced by someone who has the financial might Wilpon had when he and Nelson Doubleday bought the team from...
  • Daum: Denial — Madoff style

    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...
  • 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,...
  • Public sees Madoff's antiques, bulls, shoes at auction preview

    Public sees Madoff's antiques, bulls, shoes at auction preview
    Just before a Saturday auction, South Floridians got a glimpse into how the nation’s largest convicted Ponzi schemer, Bernard Madoff, was able to crack into high finance -- and society -- with his expensive tastes, smooth ways and dapper clothes....
  • Review: 'A Disposition to Be Rich' relates a Wall Street con

    Review: 'A Disposition to Be Rich' relates a Wall Street con
    A Disposition to Be Rich How a Small-Town Pastor's Son Ruined an American President, Brought on a Wall Street Crash, and Made Himself the Best-Hated Man in the United States Geoffrey C. Ward Alfred A. Knopf: 415 pp., $28.95. In 1863, the young...
  • Labels, criminals and bigotry

    I was not downtown during the recent disturbances, but I will take Del. Pat McDonough's word that the groups of young thugs were, in fact, black ("Baltimore and bigotry," May 18). Here is the point I want to make: The fact that they were black had nothing...
  • Madoff middleman J. Ezra Merkin to pay $410 million in settlement

    Madoff middleman J. Ezra Merkin to pay $410 million in settlement
    Money manager and Bernie Madoff associate J. Ezra Merkin will pay $410 million to compensate investors after losing more than $1.2 billion of their money to Madoff’s Ponzi scheme. New York Atty. Gen. Eric T. Schneiderman on Monday called the...
  • Peter Madoff pleads guilty, faces 10 years in prison

    Peter Madoff pleads guilty, faces 10 years in prison
    Bernard Madoff's younger brother Peter pleaded  guilty in federal court in Manhattan, the first of the swindler's kin to face charges in history's largest Ponzi scheme. Peter Madoff, who for years worked as the chief compliance officer and senior...
  • 'Wooo!' Amtrak train briefly hits 111 mph in test run

    'Wooo!' Amtrak train briefly hits 111 mph in test run
    ABOARD AMTRAK TEST TRAIN – The fierce, unresolved debate over whether the U.S. can afford to invest billions of dollars on high-speed passenger rail seemed to fall by the wayside, at least temporarily, in the heartland on Friday when an Amtrak train...
  • Not easy taking the heat in South Florida food trucks

    Not easy taking the heat in South Florida food trucks
    I have served my time in a South Florida food truck. And let me tell you, the next time you nosh on a chorizo-chuck-and-sirloin-steak burger smothered in avocado sauce or suck down a honeydew smoothie, served from strangers cramped inside a four-...