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- Madoff Investors Sue KPMG
- By Grant McCool and Gina KeatingNEW YORK/LOS ANGELES (Reuters UK) - Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said.The lawyer, who also named...
- News items 2009-10-20
- Holocaust Survivor On Madoff
- CBS News Exclusive: An acclaimed author and Noble Peace Prize winner, Holocaust survivor Eli Wiesel tells Jeff Greenfield about how he has lost almost everything to the Bernie Madoff scandal.
- Videos 2009-05-16
- Madoff Sentenced To 150 Years
- Bernard Madoff has been sentenced to 150 years for being the mastermind of a multibillion-dollar Ponzi scheme. Madoff expressed regret before he received the maximum sentence for his crimes.
- Videos 2009-06-29
- Madoff Victims: What Will They Get Back?
- Defrauded investors are on a mission to recover some of their $65 billion in phantom funds. At least they'll get a tax break. Bernard Madoff ...
- Articles 2009-07-24
- How to Avoid the Bernie Madoffs in Your Life
- I saw Bernie Madoff in a bookstore this weekend. Okay, I didn't see the real Madoff, but what I saw on book cover after book cover, filling aisle after aisle, reminded me of him. Madoff is a scumbag, but I've recently heard the...
- Blog posts 2009-04-14
- Madoff: 150 Years Doesn't Seem Like Enough
- It's official: Bernard Madoff got the maximum sentence of 150 years in prison for operating the largest Ponzi scheme in US history. This is likely small satisfaction for individuals and charities that were bilked out of $65 billion dollars, but at least the lengthy sentence guarantees that Madoff will not...
- Blog posts 2009-06-29
- A Cell for Bernie Madoff, but Where Will Ruth Live?
- So Bernie Madoff has been sentenced to 150 years. Good riddance. He's been used to a multi-milion-dollar duplex on the Upper East Side, but now he'll have to get by with a simplex cell -- and possibly a roommate. The good news is that where he's going, there's laundry in...
- Blog posts 2009-06-29
- Madoff Gets What He Deserves, but His Victims Are Not All Blameless
- Bernard Madoff will remain a guest of the federal government, possibly for the rest of his life. He deserves his 150-year prison term, but he could not have pulled off his multibillion-dollar Ponzi scheme without a lot of help. Not from his employees and business associates or...
- Blog posts 2009-06-30
- Madoff Victims: Will Homeowners Insurance Help?
- Don't get your hopes up too high, America. Fraud coverage does not typically come with homeowners insurance policies, and when it does, insurers will try to wriggle out of paying if they can. Here's the story. In the late 1990s when I.D. theft first became prevalent, insurance...
- Blog posts 2009-08-25
- Madoff's Toys, Houses Are Gains from Another Era
- Bernie Madoff's beach house in Montauk, NY, is nice enough. Four bedrooms, three baths, and 1.2 acre's worth of a lot that slopes down toward the beach. Price: $8.75 million. (That's the opening bid, though supposedly the federal government won't take a penny less than $7 million.) Looking...
- Blog posts 2009-09-02
- 4 Ways Your House is Better than Bernie Madoff's
- This post was updated on September 18, 2009 Bernie Madoff's Montauk beach house is for sale, [update: according to our friends at Bloomberg News, the house quickly sold for more than its asking price of $8.75 million] and it's "not that palatial" (New...
- Blog posts 2009-09-03
- Banker Fired After Using Foreclosed Malibu House for Parties
- This post was updated September 16, 2009 Why buy when you can just live off of Bernie Madoff's crumbs? That's a question to ask a Wells Fargo senior vice president, who reportedly spent weekends partying at one of the bank's foreclosed properties, a $12...
- Blog posts 2009-09-11
- Bernie Madoff's Beach Home Sells For More Than List Price
- Guess the home sale pundits were wrong: Bernie Madoff's beach house location is worth more - not less. A spokeswoman for Corcoran, the listing agent, confirmed today that Bernie Madoff's Montauk, NY beach house went under contract for more than its $8.75 million list price. She didn't have...
- Blog posts 2009-09-17
- Madoff's Right Hand Man
- The Bernard Madoff scandal did not end after Madoff pled guilty to swindling investors out of billions of dollars. Now, his chief financial officer is negotiating with prosecutors. Armen Keteyian reports.
- Videos 2009-04-24
- Madoff To Plead Guilty
- Bernard Madoff is expected to plead guilty to orchestrating one of the biggest frauds in U.S. history. Madoff insists he acted alone but prosecutors believe he had help. Armen Keteyian reports.
- Videos 2009-03-11
- Tax Relief for Fraud Victims
- If any of your money disappeared down the rathole known as Bernie Madoff or any of the similar Ponzi operations that came to light last year, the Internal Revenue Service offers you some relief, if not much sympathy. How financial victims can get the tax breaks they deserve... If...
- Articles 2009-03-05
- Madoff Shared Prison Cell With Drug Dealer
- By Grant McCoolNEW YORK (Reuters) - Epic swindler Bernard Madoff shared a prison cell with a 21-year-old drug dealer, and other fellow inmates included a spy and a mob boss when he was sent to prison in July, according to court documents.The account of the 71-year-old Madoff's prison life was...
- News items 2009-10-21
- Madoff Friend Had Heart Attack
- MIAMI (Reuters UK) - Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.Picower, 67, was pulled unconscious from the pool of his multimillion-dollar oceanside home in Palm Beach on Sunday...
- News items 2009-10-26
- Ex-Madoff Accountant to Admit Guilt
- By Grant McCoolNEW YORK (Reuters UK) - Arch swindler Bernard Madoff's former outside accountant will plead guilty to criminal charges next Tuesday as part of an agreement to help investigators of the multibillion-dollar Madoff fraud, U.S. prosecutors said.The accountant, David Friehling, worked out of a small suburban New York firm,...
- News items 2009-10-30
- Madoff to Watchdog - SEC Held Me in Awe
- By Rachelle YounglaiWASHINGTON (Reuters UK) - Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations and uncover his massive fraud, documents released on Friday showed.According to a jailhouse interview with the SEC's inspector general in June,...
- News items 2009-10-31
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