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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 145-156
  • News of the Weird: Homeland-Security Spending Binges, and "Smelling Salts"

    News of the Weird:  Homeland-Security Spending Binges, and "Smelling Salts"
    An option for suicide "with elegance and euphoria" is how Lithuanian-born Ph.D. candidate Julijonas Urbonas (London's Royal College of Art) described his "Euthanasia [Roller] Coaster," currently on the drawing board. Urbonas' model of "gravitational...
  • Learning intangibles: leadership, ethics and decision making

    Learning intangibles: leadership, ethics and decision making
    If a teenager observes a schoolmate and standout athlete consuming alcohol at a party the night before a big game, should he intervene? If a girl knows a friend is digitally harassing a third party, posting nasty messages on social networking sites,...
  • Summer reading: Fiction, poetry

    Busy Monsters William Giraldi W.W. Norton: $24.95 When a mediocre writer's bride-to-be leaves him to search for a legendary giant squid, he treks across the continent seeking counsel from nefarious creatures on how to win back her affections. (August)...
  • Hedge Fund Manager Eyeballing Minority Stake In Mets

    Hedge fund manager David Einhorn is playing ball with the New York Mets and on the verge of buying a minority stake in the cash-strapped Major League Baseball team for $200 million. Einhorn, the manager of Greenlight Capital, is in exclusive talks with...
  • Public sees Madoff's antiques, bulls, shoes at auction preview

    Public sees Madoff's antiques, bulls, shoes at auction preview
    Just before a Saturday auction, South Floridians got a glimpse into how the nation’s largest convicted Ponzi schemer, Bernard Madoff, was able to crack into high finance -- and society -- with his expensive tastes, smooth ways and dapper clothes....
  • Madoff name still draws the big bucks

    The U.S. Marshals Service has now been able to collect $25 million from assets seized from convicted Ponzi schemer Bernard Madoff with a Miami Beach auction netting about $500,000 over the weekend, including $1,350 for 25 pairs of Madoff’s...
  • Five tips on how to avoid an investment scam

    Five tips on how to avoid an investment scam
    South Florida is one of the nation's prime spots for investment fraud, with wealthy college-educated men -- aged 55 to 65 -- especially preyed upon, according to the nation's largest private industry watchdog group that oversees brokerages. John Gannon,...
  • Mets Owners Explore Partial Sale Of Team

    Mets Owners Explore Partial Sale Of Team
    The New York Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle. Court-appointed trustee Irving Picard has said the Mets made nearly $48 million in Madoff'...
  • Report: Martin Luther King's Son Interested In Buying Into Mets

    Report: Martin Luther King's Son Interested In Buying Into Mets
    The son of Martin Luther King Jr. is reportedly interested in becoming a minority owner of the New York Mets. The New York Post reported Sunday that Martin Luther King III was part of a bid that includes former Mets first baseman Ed Kranepool, Donn...
  • NY Mets Owners Hit With $300 Million Madoff Lawsuit

    NY Mets Owners Hit With $300 Million Madoff Lawsuit
    The owners of the New York Mets turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges. Irving Picard, the court-appointed trustee...
  • Bernard Madoff Speaks From Jail

    Bernard Madoff Speaks From Jail
    Bernard Madoff—convicted in the biggest “Ponzi Scheme” in history—is trying to rehabilitate his image from federal prison in North Carolina. In a series of phone calls to reporter Steve Fishman, of New York magazine, Madoff said...
  • PBS's Frontline rebroadcasts expose of Ponzi schemer Bernard Madoff| Video

    PBS's Frontline rebroadcasts expose of Ponzi schemer Bernard Madoff| <font color="#990000"><b>Video</b> </font>
    With the $500,000 Bernard Madoff auction still fresh in the minds of South Floridians, PBS' Frontline is rebroadcasting its expose of how the Ponzi schemer made off with $65 billion. The hour-long show will air 9 p.m. Tuesday, focusing on Madoff's...