RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

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.
« Show less

Top Bernard Madoff Articles

Displaying items 12-22
  • Madoff headed to hellish jail, SEC still in doghouse

     
    Disgraced financier Bernard Madoff enters a federal court in New York City on March 12, 2009. (Photo by Mario Tama/Getty Images) by Frank James Physicians get to bury their mistakes, it's said. And federal regulators get to see theirs......
  • Obama to Leno: Dog 'campaign promise'

     
    by Mark Silva and updated at broadcast with transcript The economy, his first few months as commander-in-chief and that promise that he made to his daughters about a dog - President Barack Obama talked about all of that in his......
  • Obama: American Idol, Special Olympics

     
    by Mark Silva It's easy, despite the many, many minutes that President Barack Obama spent with the Tonight Show's Jay Leno in discussion of the economy and the culture of greed that enabled the excesses of Wall Street, to focus......
  • Naked Ambition

     
    Which was the most fevered lunge for self-promotion? 1. State Sen. Kevin Parker (D-Brooklyn), assault defendant, denouncing Gov. David A. Paterson in personal terms. 2. Rep. Gary Ackerman (D-Nassau, Queens) blasting regulators for ignoring Bernard...
  • Obama and Medvedev: Russian revival?

     
    by Mark Silva It may not be the "reset button'' that Secretary of State Hillary Clinton presented her Russian counterpart earlier this year - a symbol of the need to start over again in relations between the United States and......
  • Sunday print column: Why hasn't Rothstein been arrested yet?

     
    See that our new system's technical glitches have prevented my Sunday column from being posted online, so here it is... WHY IS ROTHSTEIN STILL FREE? Last week, Scott Rothstein was seen swigging a lunchtime martini at the Capital Grill......
  • Envy, greed led to the downfall of many

    Christianity lists seven deadly sins: Lust, gluttony, greed, sloth, wrath, envy and pride; though I've never seen anyone perish from them either by God's hand or the government's. And remember: For maximum sinning results - combine two or more. For...
  • REVIEW: 'The Commons of Pensacola' at Northlight Theatre ★★½

     REVIEW: 'The Commons of Pensacola' at Northlight Theatre ★★½
    A potential Bernie Madoff does not lurk behind every financial planner's desk. This is just as well. Most of us working stiffs struggle enough to save rather than spend without watching our 401(k)s be subsumed into a Ponzi scheme. But experience does...
  • Aging seems to be a common theme this September

    Aging seems to be a common theme this September
    This weekend the new season of Chicago theater gets underway in earnest. If there is an unintended theme of the fall, I'd say it is that Chicago theater finds itself collectively engaged with issues dealing with the final years of our lives. If you have a...
  • How risky investment bets helped cripple a major university

    How risky investment bets helped cripple a major university
    Yeshiva University in New York fessed up years ago to having lost more than $100 million in Bernard Madoff's Ponzi scheme.  But it was hard to blame the leadership of the prestigious Jewish institution for that misstep, given how many other prominent...
  • Justice for all ... except those too big for jail

    Fair warning: this book will make you angry. "The Divide: American Injustice in the Age of the Wealth Gap," by Matt Taibbi, is a volume of stories. Like the Vietnamese refugee and rape victim in San Diego who applied for public assistance, only to be...