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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 34-44
  • Pam Bondi lawsuit: Naples man ripped off elderly investors

    Pam Bondi lawsuit: Naples man ripped off elderly investors
    NAPLES — State Attorney General Pam Bondi has sued a Naples businessman on racketeering and fraud charges, alleging he stole millions of dollars from victims nationwide — many of them elderly — by making false promises and offering...
  • 'Get Hard' trailer: Kevin Hart prepares Will Ferrell for prison

    Will Ferrell is going from a mansion to the big house in the first trailer for "Get Hard," and Kevin Hart is helping him prepare for the none-too-pleasant move. Set for release March 27 from Warner Bros., the R-rated comedy stars Ferrell as James King,...
  • UConn's Tate George Now Representing Himself

    UConn's Tate George Now Representing Himself
    Ever since being convicted on four felony counts in a real estate Ponzi scheme, former University of Connecticut basketball icon Tate George has been complaining about his legal representation. He criticized his trial attorney, saying the lawyer did not...
  • Tate George Gets Permission To Represent Himself At Sentencing

    Tate George Gets Permission To Represent Himself At Sentencing
    Ever since being convicted on four felony counts in a real estate scheme, former University of Connecticut basketball star Tate George has been complaining about his legal representation. He criticized his trial attorney, saying he didn't listen to...
  • Bernie Madoff's portfolio manager sentenced to 10 years in prison

    Disgraced stockbroker Bernie Madoff's portfolio manager was sentenced to 10 years in prison on Monday and ordered to pay back $155 million. Daniel Bonventre, 67, who worked at Madoff Investment Securities, was sentenced in a New York federal court....
  • China mulls eliminating death penalty for illegal fundraising, pimping

    China mulls eliminating death penalty for illegal fundraising, pimping
    Criminal code changes being discussed by Chinese lawmakers this week could in future spare the lives of white-collar offenders like Zeng Chengjie, a businessman often referred to as “China’s Bernie Madoff” who was executed in July last...
  • Conocidos estafadores hacen de las suyas

    El estafador más flamante que conoce el mundo se llama Francisco Nicolás Gómez Iglesias, es español, y con sólo 20 años ya se ha ganado unas cuantas páginas de periódicos y menciones en Internet. Lo detuvieron el 14 de octubre pasado (en casa de su...
  • Foreign exchange manipulation allegations erode public opinion

    Foreign exchange manipulation allegations erode public opinion
    Tourists wouldn't notice it: Any manipulation of foreign currency exchange rates might add a fraction of a cent in paying for a meal at a Parisian bistro or booking a tour at the Great Wall of China. But multiply that by $5 trillion — the amount...
  • 'Schitt's Creek' spoofs Kardashians

    'Schitt's Creek' spoofs Kardashians
    Announce a show called "Schitt's Creek," and you're going to get some attention. Of couse, the show will merit that attention because it stars Eugene Levy and Catherine O'Hara of "SCTV" and "Best in Show." Levy created the show with son Daniel Levy....
  • Theater troupe takes on Jewish female stereotypes

    Theater troupe takes on Jewish female stereotypes
    Ronda Spinak squeezed more folding chairs into a Brentwood living room, which that afternoon had been transformed, with much shuffling of couches and tables, into a temporary theater. Moving around the space, she listened for echoes and background...
  • David Chase Moves In and Out Next Door

    Until her death in 2004, author and activist Susan Sontag owned and occupied a penthouse atop one of the four red brick towers that anchor the corners of the titanic London Terrace in New York's once gritty, now gallery-filled Chelsea nabe. The 2,700-...