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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 97-108
  • Peter Madoff pleads guilty, faces 10 years in prison

    Peter Madoff pleads guilty, faces 10 years in prison
    Bernard Madoff's younger brother Peter pleadedĀ  guilty in federal court in Manhattan, the first of the swindler's kin to face charges in history's largest Ponzi scheme. Peter Madoff, who for years worked as the chief compliance officer and senior...
  • Peter Madoff Pleads Guilty, Faces 10 Years

    Peter Madoff Pleads Guilty, Faces 10 Years
    NEW YORK -- Bernard Madoff's younger brother pleaded guilty Friday to federal charges that he helped cover up the biggest Ponzi scheme in history. Peter Madoff, 66, pleaded guilty to charges of conspiracy and falsifying investment records in U.S....
  • Madoff's Brother Pleads Guilty, But Not To The Ponzi Scheme

    Madoff's Brother Pleads Guilty, But Not To The Ponzi Scheme
    He has one of the most notorious names in modern U.S. history, after thousands of investors connected to him lost their life savings totaling $65 billion in wealth on paper. Now, a Madoff is free on bail, but it's not Bernie, the notorious Ponzi schemer,...
  • Not easy taking the heat in South Florida food trucks

    Not easy taking the heat in South Florida food trucks
    I have served my time in a South Florida food truck. And let me tell you, the next time you nosh on a chorizo-chuck-and-sirloin-steak burger smothered in avocado sauce or suck down a honeydew smoothie, served from strangers cramped inside a four-...
  • Film review: Richard Gere plays one of the 1% in 'Arbitrage'

    Film review: Richard Gere plays one of the 1% in 'Arbitrage'
    “Arbitrage” is not about Jack Abramoff, or Bernie Madoff or even Mitt Romney. But resemblances between any one of them and the film's protagonist, Robert Miller (Richard Gere), are hardly coincidental. Miller is a stand-in for a whole class of...
  • 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,...
  • Previewing 2013's books [Google+ Hangout]

    Previewing 2013's books [Google+ Hangout]
    Join book critic David L. Ulin and me for a video chat about the books we're looking forward to in 2013. We'll be talking live Tuesday at 10 a.m. In part, the conversation will preview my article in Sunday's Los Angeles Times, which looks at the hot...
  • 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...
  • The Bernard Madoff book collection: Rick Moody, Fyodor Dostoevsky

    The Bernard Madoff book collection: Rick Moody, Fyodor Dostoevsky
    How does an author of seriously literary fiction discover one of his books was owned by Bernie Madoff, the investor who defrauded his clients of billions of dollars? He sees it listed in an auction on EBay. That's how Rick Moody came to know that Madoff's...
  • The SEC, from lapdog to watchdog

    The SEC, from lapdog to watchdog
    WASHINGTON -- In the early days of the Obama administration, I sat in a Capitol Hill hearing room and listened to Harry Markopolos, the whistle-blower in the Bernie Madoff scandal, bemoan the toothless Securities and Exchange Commission. The SEC,...
  • Power rankings: No. 25 Mets

    Power rankings: No. 25 Mets
    Bernie Madoff, meet Ruben Tejada. Ruben Tejada, meet Bernie Madoff. Mets fans, meet your future until your swindled owner, Fred Wilpon, is replaced by someone who has the financial might Wilpon had when he and Nelson Doubleday bought the team from...
  • 'Unraveled' offers candid profile of high-flying con man

     
    The new documentary "Unraveled" is about Marc Dreier, a convicted con man and lawyer, directed by one of his law associates....