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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
  • 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...
  • 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...
  • '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...
  • 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...
  • Remarkable Woman: Kelly Richmond Pope

    Remarkable Woman: Kelly Richmond Pope
    Most people don't start their day combing the newspaper for headlines about white-collar felons. But for Kelly Richmond Pope, it's just part of the job as a forensic accountant, and one she shares with students at DePaul University, where she is an...
  • The Bernard Madoff book collection: Rick Moody, Fyodor Dostoevsky

    How does an author of seriously literary fiction discover one of his books was owned by Bernie Madoff, the investor who defrauded his clients of billions of dollars? He sees it listed in an auction on EBay. That's how Rick Moody came to know that Madoff's...
  • Previewing 2013's books [Google+ Hangout]

    Join book critic David L. Ulin and me for a video chat about the books we're looking forward to in 2013. We'll be talking live Tuesday at 10 a.m. In part, the conversation will preview my article in Sunday's Los Angeles Times, which looks at the hot...
  • 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...
  • Both Jacksons get prison terms; he'll serve first

    Both Jacksons get prison terms; he'll serve first
    WASHINGTON – The end of the Jackson family political dynasty arrived Wednesday as a Chicago power couple ready-made for the cameras learned the next few years of their lives will be spent taking turns in prison. Former U.S. Rep. Jesse Jackson Jr.,...
  • '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...
  • 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...