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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 111-121
  • Festival of Books: Documenting high-profile scandals and failures

     
    The works of the authors at the Sunday afternoon Festival of Books session "American Breakdown" had little in common except for one thing: failure. Failure of institutions, failures of a family, failures of a society. The session moderated by L.A.......
  • 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'...
  • 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....
  • Madoff name still draws the big bucks

    The U.S. Marshals Service has now been able to collect $25 million from assets seized from convicted Ponzi schemer Bernard Madoff with a Miami Beach auction netting about $500,000 over the weekend, including $1,350 for 25 pairs of Madoff’s...
  • Five tips on how to avoid an investment scam

    Five tips on how to avoid an investment scam
    South Florida is one of the nation's prime spots for investment fraud, with wealthy college-educated men -- aged 55 to 65 -- especially preyed upon, according to the nation's largest private industry watchdog group that oversees brokerages. John Gannon,...
  • PBS's Frontline rebroadcasts expose of Ponzi schemer Bernard Madoff| Video

    PBS's Frontline rebroadcasts expose of Ponzi schemer Bernard Madoff| <font color="#990000"><b>Video</b> </font>
    With the $500,000 Bernard Madoff auction still fresh in the minds of South Floridians, PBS' Frontline is rebroadcasting its expose of how the Ponzi schemer made off with $65 billion. The hour-long show will air 9 p.m. Tuesday, focusing on Madoff's...
  • Bernard Madoff Speaks From Jail

    Bernard Madoff Speaks From Jail
    Bernard Madoff—convicted in the biggest “Ponzi Scheme” in history—is trying to rehabilitate his image from federal prison in North Carolina. In a series of phone calls to reporter Steve Fishman, of New York magazine, Madoff said...
  • LI Businessman Pleads Guilty In $413M Ponzi Scheme

    LI Businessman Pleads Guilty In $413M Ponzi Scheme
    A New York businessman nicknamed a "mini-Madoff" because he was arrested only weeks after the billion-dollar swindler, pleaded guilty Friday to charges he orchestrated a $413 million Ponzi scheme that victimized thousands of investors. Nicholas Cosmo,...
  • Bernie Madoff's Possessions Going Once, Going Twice, Sold at Auction

    Bernie Madoff's Possessions Going Once, Going Twice, Sold at Auction
    Anyone wanting to walk in the shoes of fallen financier Bernard Madoff was in luck Saturday: Thousands of belongings from his New York City penthouse, including his used shoes, went on the auction block. An anonymous bidder paid the highest price of...
  • Two Women Arrested In Connection With Madoff Case

    Two Women Arrested In Connection With Madoff Case
    Two longtime back office employees of disgraced Bernard Madoff have been arrested on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments. The pair, identified as Joann Crupi and Annette Bongiorno,...
  • Madoff Trustee Sues JPMorgan, Others For $6.4B

    Madoff Trustee Sues JPMorgan, Others For $6.4B
    The trustee trying to recover money for investors cheated by Bernard Madoff is suing JP Morgan Chase for $6.4 billion, saying the bank had a central role in abetting the disgraced financier as he carried out his fraud. Trustee Irving Picard announced...