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- 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
- 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
- Bernie Madoff: Up Against the Wall
- I have to share this with you. On Sunday, Chen Wenling, a 40-year-old Chinese artist, premiered his sculpture "What You See Might Not Be Real" at a Beijing gallery. Designed to be sum up the world financial crisis, it shows the Wall Street...
- Blog posts 2009-09-29
- 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
- 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
- Madoff Documents Reveal Incredulous, Unfocused SEC
- By Jonathan Stempel and Rachelle YounglaiNEW YORK/WASHINGTON (Reuters) - U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.Hundreds of documents released on Friday by U.S. Securities and Exchange Commission's portray an agency...
- News items 2009-11-01
- Two Madoff Programmers Arrested For Role in Fraud
- By Grant McCoolNEW YORK (Reuters UK) - Two computer programmers provided technical support to falsify documents and trading records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.The FBI arrested Jerome O'Hara, 46, and George Perez, 43, at their homes on...
- News items 2009-11-13
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