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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
  • Artful cons in 'Blue Jasmine,' 'Wolf of Wall Street,' 'American Hustle'

    Artful cons in 'Blue Jasmine,' 'Wolf of Wall Street,' 'American Hustle'
    American moviegoers love a good con man. Burt Lancaster won an Academy Award for playing one in 1960's "Elmer Gantry." Michael Douglas took home an Oscar in 1988 as master "Wall Street" manipulator Gordon Gekko. And Robert Redford got nominated for his...
  • 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...
  • 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.,...
  • 'Blue Jasmine': The strange history of the tune 'Blue Moon'

    “Blue moon, You saw me standing alone Without a dream in my heart Without a love of my own” The Lorenz Hart-Richard Rodgers romantic standard “Blue Moon” plays a significant role in Woody Allen’s new drama “Blue...
  • Avi Hoffman brings latest one-man show to Boca Raton

    Avi Hoffman brings latest one-man show to Boca Raton
    Avi Hoffman is Jewish. Still. So much so the actor proclaims it with the title of his latest stage project, "Still Jewish After All These Years: A Lifetime in the Theatre." The one-man-show is being produced through May 19 by the Boca Raton Theatre...
  • Tell me again why Jamie Dimon is still chairman of JPMorgan

    The toll of JPMorgan Chase's relentless lawbreaking under Chairman and CEO Jamie Dimon may finally be getting real for shareholders. According to the bank's third-quarter financial results, released Friday morning, its litigation expenses of more than...
  • JPMorgan posts first loss under Dimon

    JPMorgan posts first loss under Dimon
    NEW YORK — The financial crisis has finally caught up with Jamie Dimon. As leader of JPMorgan Chase & Co., he steered the nation's largest bank through the Wall Street collapse of 2008. At the prodding of panicked U.S. regulators, the mighty New...
  • The "people who matter" support Jamie Dimon at JPMorgan

    Who are the "people who matter"? According to Andrew Ross Sorkin of the New York Times, "investors, analysts, board members and, yes, even regulators," none of whom, he says, wants Jamie Dimon fired as chairman and CEO of JPMorgan Chase.  Is there a...
  • JPMorgan's latest legal tab rises as bank hammers out Justice deal

    NEW YORK -- A large chunk of JPMorgan Chase & Co.'s mounting legal bills may get even bigger. The nation's largest bank could now pay a record $13 billion to settle a raft of federal and state probes, according to a person familiar with the...
  • The myth of the Obama 'attack' on JPMorgan's Jamie Dimon

    The myth of the Obama 'attack' on JPMorgan's Jamie Dimon
    JPMorgan Chase, one of our nation's ethically-challenged financial institutions, is facing another big fine. That means that once again you'll be hearing the right wing's go-to defense of the bank: President Obama's out to get JPMorgan Chairman Jamie...