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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 85-96
  • Extortion at funerals? That's low, even for low-life scammers

     
    With this being National Consumer Protection Week, I'm receiving all sorts of tips about the latest scams and how to avoid them. This list from the Bucks County Crimes Against Older Adults Task Force includes one that's new to me......
  • Have we already forgotten about Bernie Madoff?

     
    An audit of auditors who examine investment brokers and dealers says auditors aren't doing a good enough job, a sad sign considering how many problems there have been in that sector. The findings are in a recent report from the......
  • Obama ad invokes Big Bird in sarcastic attack on Romney

     
    UPDATES WITH REACT FROM SESAME STREET Barack Obama's campaign is up with a bitingly sarcastic new ad playing off Mitt Romney's pledge in last week's debate to cut funding for PBS — and Big Bird. It stats with pictures of Bernie Madoff, Ken Lay and...
  • Why greed may offer an evolutionary advantage

    Why greed may offer an evolutionary advantage
    Religion and science have long had disagreements — from Galileo, who was tried for teaching that the Earth was not the center of the universe, to battles over teaching evolution in public schools. But when it comes to greed, religion and science...
  • Reel Critics: 'Resident Evil' keeps features that made it popular

    Reel Critics: 'Resident Evil' keeps features that made it popular
    "Resident Evil: Retribution" is the fifth movie in a very successful franchise that began as a series of apocalyptic Japanese video games. The surreal sci-fi adventure blends "Aliens" and "The Matrix" with "Blade Runner" overtones. For good measure,...
  • 'Blue Jasmine' trailer: Yo, Andrew Dice Clay in a Woody Allen film?

    'Blue Jasmine' trailer: Yo, Andrew Dice Clay in a Woody Allen film?
    The trailer for Woody Allen's  "Blue Jasmine" is out, providing a first peek at one of the summer's most counterintuitive bits of casting -- potty-mouthed comic Andrew Dice Clay in a dramatic role opposite Cate Blanchett, Alec Baldwin, Sally Hawkins and...
  • 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...
  • Remarkable Woman: Kelly Richmond Pope

    Remarkable Woman: Kelly Richmond Pope
    Most people don't start their day combing the newspaper for headlines about white-collar felons. But for Kelly Richmond Pope, it's just part of the job as a forensic accountant, and one she shares with students at DePaul University, where she is an...
  • Avi Hoffman brings latest one-man show to Boca Raton

    Avi Hoffman brings latest one-man show to Boca Raton
    Avi Hoffman is Jewish. Still. So much so the actor proclaims it with the title of his latest stage project, "Still Jewish After All These Years: A Lifetime in the Theatre." The one-man-show is being produced through May 19 by the Boca Raton Theatre...
  • Big Bird costume sales soar after Romney threat

    Big Bird costume sales soar after Romney threat
    POWAY, Calif. - A San Diego area costume wholesaler said orders for Big Bird costumes are coming in so fast even the Count can’t keep up. The costume became popular following the release of Obama’s new TV campaign ad.  The advertisement is...
  • 'Wooo!' Amtrak train briefly hits 111 mph in test run

    'Wooo!' Amtrak train briefly hits 111 mph in test run
    ABOARD AMTRAK TEST TRAIN – The fierce, unresolved debate over whether the U.S. can afford to invest billions of dollars on high-speed passenger rail seemed to fall by the wayside, at least temporarily, in the heartland on Friday when an Amtrak train...
  • Tom Z's Highly Unethical College Football Gambling Picks: Week 9

    Tom Z's Highly Unethical College Football Gambling Picks: Week 9
    Well, we’ve reached that point of the season where everyone starts freaking out about hypothetical situations. “Can Kansas State jump Florida to get into the top two?” “Will Oregon go undefeated and be left out of the...