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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 45-55
  • Oscars 2014: Producers discuss the key scenes for acting nominees

    Pinning down the "best" scene of any Oscar-nominated performance is something of a Stygian nightmare for producers because — as they correctly protest — if an actor or actress has been nominated, they have far more than one great scene. But...
  • 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...
  • Mayo: Rosenfeldt finally charged in Rothstein case

    Mayo: Rosenfeldt finally charged in Rothstein case
    My reaction to Stuart Rosenfeldt finally being charged with a crime in l'affaire Rothstein: Three words and a bleep. As in: "It's about (bleeping) time." It's incredible to me that it's taken the feds nearly five years to roll up Scott Rothstein's...
  • Cate Blanchett Infuses 'Blue Jasmine' with Literary Complexity

    The parallels between Tennessee Williams' Blanche DuBois and Woody Allen's title character in "Blue Jasmine" have been well-documented. But the complexity of Cate Blanchett's performance puts Jasmine in a class of literary predecessors that includes Jay...
  • Madoff exhibit at the National Museum of Crime & Punishment

    Madoff exhibit at the National Museum of Crime & Punishment
    An exhibit about Bernie Madoff, the nation's biggest financial fraudster, opened this week at the National Museum of Crime & Punishment in Washington, DC. The world's biggest Ponzi schemer who was convicted after an estimated $65 billion fraud is...
  • Remarkable Woman: Kelly Richmond Pope

    Remarkable Woman: Kelly Richmond Pope
    Most people don't start their day combing the newspaper for headlines about white-collar felons. But for Kelly Richmond Pope, it's just part of the job as a forensic accountant, and one she shares with students at DePaul University, where she is an...
  • The Bernard Madoff book collection: Rick Moody, Fyodor Dostoevsky

    How does an author of seriously literary fiction discover one of his books was owned by Bernie Madoff, the investor who defrauded his clients of billions of dollars? He sees it listed in an auction on EBay. That's how Rick Moody came to know that Madoff's...
  • Previewing 2013's books [Google+ Hangout]

    Join book critic David L. Ulin and me for a video chat about the books we're looking forward to in 2013. We'll be talking live Tuesday at 10 a.m. In part, the conversation will preview my article in Sunday's Los Angeles Times, which looks at the hot...
  • Bouchat feels at home in District 9A [Political notebook]

    Bouchat feels at home in District 9A [Political notebook]
    For Eric Bouchat, being redrawn into District 9A was a homecoming of sorts. The Republican candidate for the House of Delegates is a Howard County native, graduated from Howard High School in 1985 and lived in Howard County for several years before moving...
  • Cate Blanchett channels Blanche in 'Blue Jasmine'

    One of the joys for a theater critic of watching Woody Allen's "Blue Jasmine" is the chance to see Cate Blanchett take another crack at Blanche DuBois, a role that won her much acclaim in the touring Sydney Theatre Company production of "A Streetcar Named...
  • Both Jacksons get prison terms; he'll serve first

    Both Jacksons get prison terms; he'll serve first
    WASHINGTON – The end of the Jackson family political dynasty arrived Wednesday as a Chicago power couple ready-made for the cameras learned the next few years of their lives will be spent taking turns in prison. Former U.S. Rep. Jesse Jackson Jr.,...