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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
  • Have we already forgotten about Bernie Madoff?

     
    An audit of auditors who examine investment brokers and dealers says auditors aren't doing a good enough job, a sad sign considering how many problems there have been in that sector. The findings are in a recent report from the......
  • 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...
  • '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...
  • 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......
  • 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...
  • Reel Critics: 'Resident Evil' keeps features that made it popular

    Reel Critics: 'Resident Evil' keeps features that made it popular
    "Resident Evil: Retribution" is the fifth movie in a very successful franchise that began as a series of apocalyptic Japanese video games. The surreal sci-fi adventure blends "Aliens" and "The Matrix" with "Blade Runner" overtones. For good measure,...
  • Don't blame Obama for the world's problems; blame yourself

    Not long ago, in the "Readers Respond" column, one of your readers said that President Barack Obama's "failure to prevail" in the recent debt ceiling fiasco "speaks to his failure in leadership." It clearly does not. The debt ceiling "crisis" is not new...
  • In federal prison, Baltimore cops get no breaks

    Police officers convicted of a crime in Maryland and sentenced to state prison are typically housed in segregated areas for their safety, far from most other inmates. But those prosecuted in U.S. District Court and sent to federal prison — like the...
  • '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...