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- 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
Additional Resources
- I HEART RUTH MADOFF
- "She has become perhaps the most vilified spouse of a financial rogue in history," The New York Times announced. Americans love to loathe Ruth Madoff, wife of convicted fraudster Bernard Madoff. One typical ABC News headline was hopefully titled: "Homeless? Ruth Madoff to Lose Penthouse, Other Homes." When she...
- Research articles 2009-07-14
- Madoff investor Picower leaves $200m to wife
- Jeffry Picower, the long-time investor and friend of Bernard Madoff who died last month, has left hundreds of millions of dollars and an assortment of jewellery and other valuables including diamond cufflinks to his family, friends and charity. The details, spelt out in Picower's will, came as discussions continued over...
- News items 2009-11-12
- U.S. seeks to revoke Madoff bail
- NEW YORK (Reuters) - U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff and detain him on Monday, claiming he was a flight risk. But the U.S. magistrate judge withheld his decision and requested both sides to present additional written materials this week. Madoff,...
- News items 2009-08-07
- 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
- 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
- Mrs. Madoff: Give Back That $44 Million!
- How much did Ruth Madoff know? That's the question people, especially women, bring up at every gathering I've attended since husband Bernard was sentenced to 150 years for stealing $13.5 billion or so from thousands of investors. Even Irving Picard, the bankruptcy trustee for Madoff's defunct investment...
- Blog posts 2009-07-29
- How Do You Recognise a Bernie Madoff?
- Bernie Madoff has just been sentenced for 150 years, the maximum allowed. I have just spent a morning to reading about Madoff, and in particular his personality, in various articles. Perhaps the most poignant comment was by a woman whose husband invested and lost money with Madoff: ...
- Blog posts 2009-07-02
- 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
- The Madoff Scheme: The Early Years
- It's time to start asking the most basic questions about Bernie Madoff's operation. For starters, who are Frank Avellino and Michael Bienes? These two men ran an accounting firm, Avellino & Bienes that began raising money for Madoff in 1962, according to an SEC complaint filed in 1992. They were,...
- News items 2009-08-07
- 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
- U.S. says Madoff had checks ready, seeks jail
- By Grant McCool NEW YORK (Reuters) - A search of accused swindler Bernard Madoff's office desk revealed he had signed checks totaling more than $173 million ready to be sent, U.S. prosecutors said in court papers on Thursday asking a judge to jail him. The government's written brief said the...
- News items 2009-08-07
- Madoff Auditor Pleds Guilty but Makes Bail
- David Friehling, who audited — or more precisely, perhaps, did not audit — Bernard Madoff's books for 18 years, reversed course and pleaded guilty today to nine criminal counts of securities fraud, investment adviser fraud, and filing false reports with the Securities and Exhange Commission. The SEC simultaneously announced that Friehling has...
- News items 2009-11-03
- 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 crony found at bottom of pool
- The wife of Picower, 67, discovered her husband at the bottom of the pool and called police. "As standard operating procedure in any drowning, the Palm Beach Police Department is conducting an investigation into Mr Picower's death,'' the department said. The court-appointed trustee tracking down Madoff's missing billions has sued...
- News items 2009-10-26
- Billionaire Madoff Beneficiary Dies Mysteriously [Death]
- Billionaire investor Jeffry Picower made more money off Bernie Madoff 's Ponzi scheme than any other investor. Yesterday, Picower was found dead in his Palm Beach swimming pool. Let's not jump to any conclusions . All we know so far about...
- News items 2009-10-26
- 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
- Ruth Madoff Sued for $45 million
- The trustee liquidating Bernard L. Madoff Investment Securities has sued Ruth Madoff for $45 million, alleging that the wife of the infamous swindler received 111 "fraudulent transfers" of customer assets. by Kathy Kristof
- Blog posts 2009-07-29
- What "The Good Wife" Can Teach Us About the New Normal
- If the recession is over, we want to know, what do we call this? Economists have an answer: "The New Normal." At first glance, it's almost reassuring. New has that nice, shiny, fresh-from-the-package lilt. Normal is good, right? It's not abnormal... Then you get...
- Blog posts 2009-10-19
- Madoff Gets 150 Years; Wife Gets $2.5 Million; Conspirators?
- Now that Madoff faces 150 years, it's time to turn attention to the people who fed the scam. Were they criminals--or criminally stupid? Should they be held liable either way? by Kathy Kristof
- Blog posts 2009-06-29
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