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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
  • There's no profit in L.A. bashing JPMorgan Chase

    There's no profit in L.A. bashing JPMorgan Chase
    Los Angeles City Councilman Gil Cedillo wants to punish JPMorgan Chase for its various financial misdeeds, possibly by cutting off business with the banking giant. But as city leaders learned a few years ago when Occupy L.A. pushed for a similar...
  • 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...
  • 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...
  • 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...
  • Suzanne Somers should disavow her lame argument against Obamacare

    Suzanne Somers should disavow her lame argument against Obamacare
    Maybe too much sex has addled Suzanne Somers’ brain. In a much-mocked essay published by the Wall Street Journal on Monday, the 67-year-old self-help author and  star of the 1970s TV show “Three’s Company” held forth on what...
  • Jesse Jackson Jr. starts prison term for looting his campaign fund

    Former U.S. .Rep. Jesse Jackson Jr., the scion of the prominent civil rights family and one-time rising political star in Chicago, reported to federal prison Tuesday to begin serving a 30-month sentence for looting his campaign fund. “He is in our...
  • 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...
  • The sad state of personal finance education

    Education in the United States is a topic that provokes a lot of concern these days. We seem to be falling behind other countries in many areas, especially the sciences and mathematics, and that truly could undercut our future prosperity as a nation....
  • 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...
  • '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...
  • Why greed may offer an evolutionary advantage

    Why greed may offer an evolutionary advantage
    Religion and science have long had disagreements — from Galileo, who was tried for teaching that the Earth was not the center of the universe, to battles over teaching evolution in public schools. But when it comes to greed, religion and science...