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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

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  • 'Glee' recap: 100th Episode, Part 1

    'Glee' recap: 100th Episode, Part 1
    "Glee" brought back a bunch of awesome old faces for the first part of its two-part special. The episode starts by pitting two of its most successful grads, Rachel and Mercedes, against each other. One is a future Broadway starlet; the other, a...
  • 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...
  • Former Madoff investigator appointed to Howard Board of Appeals

    Former Madoff investigator appointed to Howard Board of Appeals
    Genevievette Walker-Lightfoot didn't have the same childhood dreams as a lot of her counterparts growing up. Rather than aspiring to be a police officer, prima ballerina or athlete, Walker-Lightfoot always knew she wanted to be a lawyer. The profession,...
  • 5th Annual Town of Bel Air Film Festival runs at Bel Air Armory Oct. 18-20

    5th Annual Town of Bel Air Film Festival runs at Bel Air Armory Oct. 18-20
    This year's Bel Air Film Festival is bringing to the screen at the Record Armory subjects as varied as the story of Secretariat's jockey, to the tale of what it was like to be the secretary of the high finance swindler Bernard L. Madoff. The festival,...
  • Film about dying Indiana town shows what Bel Air could have been, town officials say

    Film about dying Indiana town shows what Bel Air could have been, town officials say
    In the town of Medora, Ind., a tiny high school struggles to hold together a basketball team, buildings stand boarded up and one shop owner, when asked to describe the town, called it "closed." "This is almost what Bel Air was teetering on, in a way,"...
  • Bouchat feels at home in District 9A [Political notebook]

    Bouchat feels at home in District 9A [Political notebook]
    For Eric Bouchat, being redrawn into District 9A was a homecoming of sorts. The Republican candidate for the House of Delegates is a Howard County native, graduated from Howard High School in 1985 and lived in Howard County for several years before moving...
  • Don't blame Obama for the world's problems; blame yourself

    Not long ago, in the "Readers Respond" column, one of your readers said that President Barack Obama's "failure to prevail" in the recent debt ceiling fiasco "speaks to his failure in leadership." It clearly does not. The debt ceiling "crisis" is not new...
  • In federal prison, Baltimore cops get no breaks

    Police officers convicted of a crime in Maryland and sentenced to state prison are typically housed in segregated areas for their safety, far from most other inmates. But those prosecuted in U.S. District Court and sent to federal prison — like the...
  • Social Security sets off sparks

    Social Security sets off sparks
    If there was still any doubt that Social Security is the proverbial third rail of American politics — that is, potentially deadly to the touch — Gov. Rick Perry has provided the electrifying answer: You don't mess with the monthly checks,...
  • '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...
  • 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...
  • The Interview John Hauserman, Certified Financial Planner board ambassador

    The Interview John Hauserman, Certified Financial Planner board ambassador
    Financial advisers often have an alphabet of professional designations behind their names, but the dominant one remains "CFP," or certified financial planner. The CFP Board, which sets the national standards for financial planners, has announced in the...