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 34-44
  • 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...
  • 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....
  • Understanding the narcissists among us

    Understanding the narcissists among us
    You're so vain, I bet you think this story's about you — don't you. Don't you? We're paraphrasing Carly Simon's iconic song because it perfectly describes a narcissist. Vanity, entitlement and lack of empathy are the main traits you'll find...
  • Nancy Silverton, taste maker

    Nancy Silverton, taste maker
    The last time an Angeleno won the James Beard Foundation's outstanding chef award — a very big deal — it was 1998, smoking had just been banned in the state's restaurants, and Wolfgang Puck was the awardee. This year, a woman who once was...
  • Steve Ballmer bails out Donald Sterling

    Given the news that former Microsoft chief Steve Ballmer wants to buy the Clippers for $2 billion ("NBA record $2 billion offered for Clippers," May 29), current owner Donald Sterling really does deserve one of those awards he's advertised in The Times...
  • 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...
  • 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...
  • Film Review: 'Master of the Universe'

    Forget "Wall Street" and the "Wolf" thereof: Rainer Voss is the real deal, just as chilling but not so funny. The former investment banker is interviewed at length in Marc Bauder's riveting docu "Master of the Universe," shot in the emptied rooms of a...