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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 109-120
  • Bernard Madoff's pants turned into $500 iPad covers

     
    Redemption for Bernard L. Madoff, sitting in a North Carolina prison serving a 150-year sentence for financial fraud, is unlikely. But his pants still have a chance. Wall Street denizens are snapping up iPad covers made from the Ponzi scheme......
  • Are Bernard Madoff's victims greedy?

     
    Some victims of Bernard Madoff's scam claimed they were entitled to the full value reported on their last account statement, even though Madoff essentially made up those numbers. A federal appeals court disagreed this week, and so did The Times' board....
  • Raj Rajaratnam gets 11 years, not 24; illness revealed in court

     
    Hedge fund magnate Raj Rajaratnam was sentenced to 11 years in prison -- the longest sentence ever for an insider-trading case, prosecutors said....
  • Wall Street: Gold falls, stocks waver

     
    Stocks are wavering as investors digest earnings reports and news from Europe. Earnings announcements from Goldman Sachs and Bank of America confirmed that Wall Street is indeed hurting....
  • Bernard Madoff tells Barbara Walters: I can live with anger of people I defrauded

     
    Madoff revealed that he hasn't talked to his wife since their son Mark committed suicide in December. "Ruth not communicating is the hardest thing," Madoff told Walters. "Ruth doesn't hate me. She has no one. It's not fair to her. She lost her first son....
  • ‘60 Minutes’: Bernard Madoff’s wife says they attempted suicide

     
    "I don’t know whose idea it was, but we decided to kill ourselves because it was so horrendous what was happening,” Ruth Madoff told Safer. "We had terrible phone calls. Hate mail, just beyond anything and I said ... 'I just can’t go...
  • This weekend: World Series Game 7; ‘Walking Dead’ shocker; Halloween on ‘The Simpsons’

     
    Sunday's lineup is packed with strong dramas. I can tell you "The Walking Dead," at 9 on AMC, delivers another harrowing hour. The episode mixes disturbing action scenes with wrenching moments of family drama. The hour concludes with another shocker...
  • 'Tower Heist' has plot holes aplenty but laughs too, critics say

     
    "Tower Heist": The 2008 financial meltdown has been the subject of dramas ("Margin Call") and documentaries ("Chasing Madoff"), so it only seems fair that it now gets the comedic treatment in the new caper "Tower Heist," directed by Brett Ratner and...
  • Hedging your bets on the next Dodgers owner

     
    A serious bidder to purchase the Dodgers has emerged in hedge-fund king Steven Cohen, and perfect or not, he'll have to be taken very seriously....
  • VOD Spotlight: “Tower Heist” resonates with filmgoers’ current financial anxieties

     
    The Bernie Madoff Ponzi scheme stripped thousands of their retirement accounts. It was a sad testament to one man’s pride and greed and sadder still for those he swindled. And it was only a matter of time before someone would give the little guys...
  • On Sunday: Bechdel's mom, Theroux's Africa and Mantel's Cromwell

     
    On Sunday: Alison Bechdel's mom, Paul Theroux's Africa and Hilary Mantel's Cromwell....
  • Casey Anthony: Kim Kardashian is almost as hated

     
    A New York Post poll on the most-hated people in America contained some good news for Casey Anthony. More than 9,000 Post readers declared Anthony the worst of the worst nearly a year after she was acquitted of murder in the death of her daughter, Caylee....