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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
  • Wall Street Roundup: Flash crash culprits. Hedge fund top dog.

     
    Wall Street wins. Although it didn't garner great reviews, and didn't have much competition, Oliver Stone's new film about Wall Street came out on top in the box-office wars in its first week in theaters. Madoff associate dies. Bernard Madoff's......
  • Wall Street Roundup: Stocks instead of jobs. Killing Dodd-Frank.

     
    Waiting for jobs. The number of people filing for unemployment benefits went down more than expected last week, but many analysts are waiting for the big monthly payroll numbers that will arrive Friday. Stocks instead of jobs. What are companies......
  • Wall Street Roundup: Private equity's foreclosure gains. Harvard Club rejects Eliot Spitzer.

     
    Fewer jobless claims. The number of people filing for unemployment claims last week fell more than expected from the previous week. Goldman and Buffett. Goldman Sachs wants to pay Warren Buffett back the $5 billion he lent the firm during......
  • Monster Mash: Broadway's 'Spider-Man' partners with Syfy; Chinese vase may have set record at auction

     
    Promotional web: The producers of Broadway's "Spider-Man, Turn Off the Dark" have formed a marketing deal with the cable station Syfy. (Variety) Prized artifact: An 18th century Chinese vase has sold at auction for what is believed to be a......
  • Wall Street Roundup: Bernard Madoff's Wall Street accomplice? Central banker to the rich.

     
    Gold: Trading now at $1,407 per ounce, up 1.2% from Thursday. Dow Jones industrial average: Trading now at 11,332.63, down 0.3% from Thursday. Breaking the rally. An unexpectedly bad jobs report has broken the market's upward climb of the last......
  • Madoff is mourning alone

     
    Bernard Madoff will be mourning his son's death alone. Madoff's lawyer, Ira Sorkin, said Monday that his client would not be attending the funeral of Madoff's elder son, Mark, "out of consideration for his daughter-in-law and his grandchildren." Mark...
  • Wall Street Roundup: Holding one banker hostage. A Madoff market.

     
    Gold: Trading now at $1,398 per ounce, up 0.1% from Monday. Dow Jones industrial average: Trading now at 11,495.84, up 0.6% from Monday. Austerity measures, luxury edition. While banking profits are generally up, Wall Street bonuses are likely to shrink.....
  • Mark Madoff's wife speaks

     
    Mark Madoff's wife, Stephanie Morgan, released a statement Wednesday morning asking for "decency" from the public in the wake of her husband's suicide on Saturday. Mark Madoff was the older son of Bernard Madoff, the perpetrator of one of the......
  • Wall Street Roundup: Wells Fargo wins on Wall Street. On-air tax fight.

     
    Gold: Trading now at $1,367 per ounce, down 0.3% from Thursday. Dow Jones industrial average: Trading now at 11,465.70, down 0.3% from Thursday. Things looking up. An index of economic indicators confirms what a lot of recent economic reports have......
  • 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...