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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
  • Letters: He can cover, but he can't cover up

    Letters: He can cover, but he can't cover up
    Apparently, Josh Shaw has not learned the lessons of history from Richard Nixon, Pete Rose, Lance Armstrong, Bernie Madoff, and baseball players from the steroid era. Mr. Shaw, a strategy for concealing wrongful conduct by orchestrating a deliberate...
  • The business model is overrated [Commentary]

    The business model is overrated [Commentary]
    On behalf of Baltimore's stakeholders, I want to express my thanks to Gregory E. Thornton, the new chief executive officer of Baltimore City Public Schools, for his inspiring words ("Much work to be done," Aug. 25). In case you're wondering, the stake I...
  • 50 shows for fall: The game's just beginning

    50 shows for fall: The game's just beginning
    Cooler temperatures and changing leaves might cue the chants of “wait until next year” for Chicago baseball fans, but for theater lovers it's a whole new ballgame. Below are just a few promising names on this fall's roster of shows. HEAVY...
  • Andrew Madoff, Bernie Madoff's son, has died of cancer

    Andrew Madoff, the son of convicted fraudster Bernie Madoff, died on Wednesday from cancer, his lawyer said. He was 48. "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," lawyer Martin Flumenbaum said in a statement. "He died...
  • Neocons turned Iraq into terrorist training ground

    Dick Cheney and his fellow neoconservatives misled us into a mismanaged war in Iraq where they were wrong on everything. This includes their reasons for the war, how long it would last and the sectarian violence it would unleash. They turned Iraq into the...
  • Aging seems to be a common theme this September

    Aging seems to be a common theme this September
    This weekend the new season of Chicago theater gets underway in earnest. If there is an unintended theme of the fall, I'd say it is that Chicago theater finds itself collectively engaged with issues dealing with the final years of our lives. If you have a...
  • 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...
  • Oscar nominations 2014: Streep, Bullock, Adams on best actress list

    Oscar nominations 2014: Streep, Bullock, Adams on best actress list
    In the best actress category, all five women nominated return as familiar faces to Oscar voters -- all having braved the Hollywood and Highland red carpet as Academy Awards nominees in years past, some hailed as winners. On Thursday, the academy chose...
  • Golden Globes to honor Woody Allen, whether he wants it or not

    Golden Globes to honor Woody Allen, whether he wants it or not
    How do you give a lifetime achievement award to a director still very much in motion, to an artist who refuses to settle down, to someone who actively does not want one? Woody Allen is in the midst of a run of box-office successes and critical acclaim....
  • 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...
  • Cate Blanchett channels Blanche in 'Blue Jasmine'

    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...