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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
  • Woody Allen's 'Blue Jasmine' -- Blanche DuBois or Mia Farrow?

    "THE BEST revenge is massive success," said Frank Sinatra. THE OTHER day I remarked that Cate Blanchett's modern take on Tennessee Williams' famous character Blanche DuBois, in Woody Allen's new movie "Blue Jasmine," was the female Oscar performance of...
  • Woody Allen Weighs a Return to Standup and More During Busy 'Blue' Period

    In the more than 40 years since he gave up touring as a standup comic to focus on his film career, Woody Allen has never missed his old life on the nightclub circuit. Until one night last month, as he sat in the audience at the Cafe Carlyle watching...
  • Box Office: 'Wolverine' Should End Flop Streak With One of Summer's Best Openings

    Cauterizing Hollywood's streak of big-budget bleeding at the box office, Fox's "The Wolverine" should score one of the best three-day openings this summer, tracking between $75 million and $80 million through Sunday. If the film lands at the high end...
  • Cate Blanchett luce en 'Blue Jasmine', nueve filme de Woody Allen

    Cate Blanchett luce en 'Blue Jasmine', nueve filme de Woody Allen
     Es tan grande el revés en la fortuna de la protagonista de la última película de Woody Allen, “Blue Jasmine”, que las posesiones de la integrante de la alta sociedad de Manhattan se reducen al mínimo: una chaqueta de Chanel, maletas de diseño...
  • SAC agrees to plead guilty to insider trading

    NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading. SAC Capital Advisors becomes the first...
  • 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...
  • Off Broadway Review: 'The Commons of Pensacola'

    Western civilization may not be pining for a play about the wretched (and lightly disguised) family of imprisoned con man Bernie Madoff, but need it or not, actress-turned-scribe Amanda Peet has written just such a play in "The Commons of Pensacola."...
  • 'Blue Jasmine' depends on the kindness of Tennessee Williams ★★ 1/2

    'Blue Jasmine' depends on  the kindness of Tennessee Williams ★★ 1/2
    The acting is everything in "Blue Jasmine," though Cate Blanchett and company wouldn't have anything to act without writer-director Woody Allen's flagrant revision of "A Streetcar Named Desire." "Best-since" phrases have been flying since Allen's...
  • JPMorgan agrees to pay $1.7 billion for role in Madoff scheme

    JPMorgan agrees to pay $1.7 billion for role in Madoff scheme
    JPMorgan Chase & Co. has agreed to pay $1.7 billion to resolve a Justice Department investigation into its role in Bernard Madoff's multibillion-dollar Ponzi scheme. The giant Wall Street firm, which served as Madoff's primary banker, acknowledged...
  • JPMorgan to pay $2.6 billion for failing to report Madoff concerns

    When Bernard L. Madoff's Ponzi scheme was revealed five years ago, the big question was whether he pulled off the jaw-dropping crime by himself. Madoff stubbornly claimed to have acted alone, but it became clear Tuesday that he got a significant...
  • Bill would boost disclosures in corporate settlements with U.S.

    WASHINGTON — Concerned that targets of federal investigations are getting off lightly, two senators proposed legislation requiring the government to disclose all the details about settlements that allow companies to duck trials on allegations of...