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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 12-22
  • George Suyeoka, Pearl Harbor witness and commercial artist, dies at 89

     George Suyeoka, Pearl Harbor witness and commercial artist, dies at 89
    George Suyeoka worked as a textbook illustrator and as a commercial artist while also producing his own elaborate, functional-but-whimsical sculptures — often of animal forms — that in many cases provided commentaries about politics and...
  • Disastrous Iran deal may prove fatal to Israel

    In 1982, during one of many visits to Israel, I had the opportunity to speak with Prime Minister Menachem Begin, who told me, "Israel needs friends." He added that in the end, his nation could not trust any nation with its fate and security. The...
  • Tough-On-Crime Rowland Earns His Stripes

    As a young guy, he was tough on crime. It was one of the ways he built his reputation. President George H.W. Bush came to Connecticut and said this about him: "He's tough on crime. He's been a strong supporter of our comprehensive crime bill, a bill...
  • Tough-On-Crime Rowland Earns His Stripes

    Tough-On-Crime Rowland Earns His Stripes
    As a young guy, he was tough on crime. It was one of the ways he built his reputation. President George H.W. Bush came to Connecticut and said this about him: "He's tough on crime. He's been a strong supporter of our comprehensive crime bill, a bill...
  • 'The Jinx' director Andrew Jarecki knows the milieu of Robert Durst

     'The Jinx' director Andrew Jarecki knows the milieu of Robert Durst
    Filmmaker Andrew Jarecki has followed an unlikely path to documentary fame. Along with his father, the Princeton graduate founded the ticketing service Moviefone in 1989 and sold it to AOL 10 years later for $388 million. Before he tried his hand at...
  • 26 recipes to celebrate Martha Stewart's prison release anniversary

    26 recipes to celebrate Martha Stewart's prison release anniversary
    Happy Anniversary, Martha! Ten years ago today, Martha Stewart was released from prison. As you may recall, Stewart spent five months at the minimum-security federal women's prison in Alderson, W. Va., after being convicted for lying to government...
  • Every ethnic group has its bad apples

    To the editor: I can relate to the cringe that Erin Aubry Kaplan experiences when an African American commits a wrong that feeds into negative stereotypes. ("'Suge' Knight and the lurid legacy of gangsta rap," Op-Ed, Feb. 7) Back in 2008, I was hoping...
  • Madoff trustee returns $355M to investors, saying over half of allowable claims repaid in full

    Madoff trustee returns $355M to investors, saying over half of allowable claims repaid in full
    The New York trustee recovering money for investors cheated in Bernard Madoff's multibillion-dollar Ponzi scheme has distributed $355 million more to victims. Trustee Irving Picard said in a release Monday that over half of Madoff's investors with...
  • Watch out: Ponzi scheme on steroids

    We've all heard and read extensively about the notorious Bernie Madoff Ponzi scheme. Thousands of personal investors and charitable organizations lost money. It is hard to imagine a more sinister misconduct. But there is one, one that ties both hands of...
  • REVIEW: 'White Guy On the Bus' at Northlight Theatre

    REVIEW: 'White Guy On the Bus' at Northlight Theatre
    I'll say this for Bruce Graham's "White Guy On the Bus," now premiering at the Northlight Theatre: It is a play with guts. This writer has previously been inclined toward sentimentality, as such sweet works as "Stella and Lou" and "The Outgoing Tide"...
  • Venezuelan Hedge Fund Manager Gets 13 Years In Prison

    BRIDGEPORT (AP) — A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut fraud scheme involving hundreds of millions of dollars from Venezuela's state oil company. Francisco Illarramendi...