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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
  • Cate Blanchett: From awful to Oscar?

    Cate Blanchett: From awful to Oscar?
    It's not where you start, it's where you finish, a beloved song tells us. And that certainly applies to Cate Blanchett in "Blue Jasmine." She is the heavy favorite to win the best-actress Oscar next month. But the early going on the Woody Allen...
  • BOOKS

    BOOKS
    Carl Hiaasen: The title of Hiaasen’s new book says it all: “Dance of the Reptiles: Rampaging Tourists, Marauding Pythons, Larcenous Legislators, Crazed Celebrities, and Tar-Balled Beaches.” The collection of Hiaasen’s columns for...
  • Thursday's TV Highlights: 'The Big Bang Theory' on CBS

    Thursday's TV Highlights: 'The Big Bang Theory' on CBS
    Customized TV Listings are available here: www.latimes.com/tvtimes Click here to download TV listings for the week of Feb. 2 - 8, 2014 in PDF format This week's TV Movies     -------------------- SERIES The Big Bang Theory Penny and Leonard...
  • Anti-Russian bigotry wins the gold [Letter]

    Anti-Russian bigotry wins the gold [Letter]
    If prejudice masquerading as journalism were an Olympic sport, the vile diatribe of commentator Mark Nuckols against all things Russian would win gold hands down ("The Sochi experiment," Feb. 6). The real problem, however, is that Mr. Nuckols' rant is...
  • Oscars 2014: Producers discuss the key scenes for acting nominees

    Pinning down the "best" scene of any Oscar-nominated performance is something of a Stygian nightmare for producers because — as they correctly protest — if an actor or actress has been nominated, they have far more than one great scene. But...
  • Mayo: Rosenfeldt finally charged in Rothstein case

    Mayo: Rosenfeldt finally charged in Rothstein case
    My reaction to Stuart Rosenfeldt finally being charged with a crime in l'affaire Rothstein: Three words and a bleep. As in: "It's about (bleeping) time." It's incredible to me that it's taken the feds nearly five years to roll up Scott Rothstein's...
  • 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...
  • Madoff's wife living in Boca condo with her sister

    Madoff's wife living in Boca condo with her sister
    Ruth Madoff is living in Boca Raton with her older sister and brother-in-law, Joan and Robert Roman, who let her stay with them despite being fleeced by her husband, convicted Ponzi schemer Bernard Madoff, according to media reports and public records....
  • 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...
  • 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...
  • State warns of recent Central and South Florida investment fraud

    State warns of recent Central and South Florida investment fraud
    Bernard Madoff became a household name after he was arrested for his multi-billion-dollar Ponzi scheme. But plenty of other scam artists soon replaced the imprisoned Madoff. "People need to be on guard," said Franklin Widmann, director of securities...