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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 67-77
  • 'Blue Jasmine': Woody Allen on regrets - He's had a few

    'Blue Jasmine': Woody Allen on regrets - He's had a few
    NEW YORK — Does Woody Allen have regrets? His new film, "Blue Jasmine," amplifies the air of concentrated self-examination that has long been a hallmark of his work. Though marked by buoyant moments of wry humor, the film is devastating in its...
  • Extortion at funerals? That's low, even for low-life scammers

     
    With this being National Consumer Protection Week, I'm receiving all sorts of tips about the latest scams and how to avoid them. This list from the Bucks County Crimes Against Older Adults Task Force includes one that's new to me......
  • Obama ad invokes Big Bird in sarcastic attack on Romney

     
    UPDATES WITH REACT FROM SESAME STREET Barack Obama's campaign is up with a bitingly sarcastic new ad playing off Mitt Romney's pledge in last week's debate to cut funding for PBS — and Big Bird. It stats with pictures of Bernie Madoff, Ken Lay and...
  • Durkee attorney challenges number of fraud victims listed by feds

     
    Kinde Durkee attorney says number of fraud victims ``overstated.''...
  • He's too sexy for this spoof

     
    The Associated Press reports: BEIJING -- The online version of China's Communist Party newspaper has hailed a report by The Onion naming North Korean dictator Kim Jong Un as the "Sexiest Man Alive" -- not realizing it is satire. The......
  • 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...
  • Elie Wiesel, history's witness

    Elie Wiesel, history's witness
    It was a fine April day last week that found Elie Wiesel at Chapman University; it was a fine April day too, 58 years earlier, when the gaunt, teenage Wiesel found himself alive and suddenly free to walk out of the Buchenwald concentration camp. In the...
  • 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...
  • '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...
  • 'Blue Jasmine' trailer: Yo, Andrew Dice Clay in a Woody Allen film?

    The trailer for Woody Allen's  "Blue Jasmine" is out, providing a first peek at one of the summer's most counterintuitive bits of casting -- potty-mouthed comic Andrew Dice Clay in a dramatic role opposite Cate Blanchett, Alec Baldwin, Sally Hawkins and...
  • 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...