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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 89-99
  • Power rankings: No. 25 Mets

    Power rankings: No. 25 Mets
    Bernie Madoff, meet Ruben Tejada. Ruben Tejada, meet Bernie Madoff. Mets fans, meet your future until your swindled owner, Fred Wilpon, is replaced by someone who has the financial might Wilpon had when he and Nelson Doubleday bought the team from...
  • Bernard Madoff Speaks From Jail

    Bernard Madoff Speaks From Jail
    Bernard Madoff—convicted in the biggest “Ponzi Scheme” in history—is trying to rehabilitate his image from federal prison in North Carolina. In a series of phone calls to reporter Steve Fishman, of New York magazine, Madoff said...
  • Summer reading: Fiction, poetry

    Busy Monsters William Giraldi W.W. Norton: $24.95 When a mediocre writer's bride-to-be leaves him to search for a legendary giant squid, he treks across the continent seeking counsel from nefarious creatures on how to win back her affections. (August)...
  • Hedge Fund Manager Eyeballing Minority Stake In Mets

    Hedge fund manager David Einhorn is playing ball with the New York Mets and on the verge of buying a minority stake in the cash-strapped Major League Baseball team for $200 million. Einhorn, the manager of Greenlight Capital, is in exclusive talks with...
  • Public sees Madoff's antiques, bulls, shoes at auction preview

    Public sees Madoff's antiques, bulls, shoes at auction preview
    Just before a Saturday auction, South Floridians got a glimpse into how the nation’s largest convicted Ponzi schemer, Bernard Madoff, was able to crack into high finance -- and society -- with his expensive tastes, smooth ways and dapper clothes....
  • Learning intangibles: leadership, ethics and decision making

    Learning intangibles: leadership, ethics and decision making
    If a teenager observes a schoolmate and standout athlete consuming alcohol at a party the night before a big game, should he intervene? If a girl knows a friend is digitally harassing a third party, posting nasty messages on social networking sites,...
  • 'Madoff' items missing at advertised auction

    'Madoff' items missing at advertised auction
    Grad student Matthew Franco joined scores of others in Pikesville Sunday to check out the "Bernie Madoff Liquidation" and maybe pick up a piece of the famous felon's loot. But the Madoff merchandise at auction venue Grey Rock Mansion turned out to be...
  • Mets Owners Explore Partial Sale Of Team

    Mets Owners Explore Partial Sale Of Team
    The New York Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle. Court-appointed trustee Irving Picard has said the Mets made nearly $48 million in Madoff'...
  • Report: Martin Luther King's Son Interested In Buying Into Mets

    Report: Martin Luther King's Son Interested In Buying Into Mets
    The son of Martin Luther King Jr. is reportedly interested in becoming a minority owner of the New York Mets. The New York Post reported Sunday that Martin Luther King III was part of a bid that includes former Mets first baseman Ed Kranepool, Donn...
  • NY Mets Owners Hit With $300 Million Madoff Lawsuit

    NY Mets Owners Hit With $300 Million Madoff Lawsuit
    The owners of the New York Mets turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges. Irving Picard, the court-appointed trustee...
  • As season dawns, some fans hope for Angelos to sell the Orioles

    As season dawns, some fans hope for Angelos to sell the Orioles
    Scott Evans remembers the soft glow of the small television set, and the way his stepfather tried to calm him and his sister for the benefit of the neighbors in the apartment below. But who, on this night, was not celebrating? It was 1983 and the...