Highlights
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.
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.
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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Hedge fund manager used postal box to hide $6 mln fraud, Feds say
ReutersBy Tom Polansek and Ann Saphir CHICAGO/SAN FRANCISCO, June 17 (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and...Tags: Crime, Law and Justice, Economy, Business and Finance, Prosecution, Theft, Mutual Funds
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Hedge fund manager used postal box to hide $6 million fraud, Feds say
ReutersCHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on Monday. James...Tags: Crime, Law and Justice, Economy, Business and Finance, Prosecution, Theft, IntercontinentalExchange, Inc.
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Madoff's UK unit was "warehouse for stolen money" -liquidators' representative
ReutersBy Laurence Fletcher LONDON, June 12 (Reuters) - U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme and buy luxury items for himself, a court heard on Wednesday. The...Tags: Companies and Corporations, Corporate Crime, Economy, Business and Finance, Luxury Goods Industry, United Kingdom
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Ex-SEC investigator settles whistleblower retaliation lawsuit
ReutersBy Sarah N. Lynch WASHINGTON, June 10 (Reuters) - A former internal investigator at the U.S. Securities and Exchange Commission who claimed he was fired for trying to blow the whistle on possible misconduct has reached a $580,000 settlement with the SEC,...Tags: Lawyers, Justice System, R. Allen Stanford, Labor Legislation, Crime, Law and Justice
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Letters: Adding insult to Matt Kemp's injury
It's hard to believe that Matt Kemp has made the Dodgers' $160-million investment disappear quicker than Bernie Madoff ever could have. Herb Schoenberg Tarzana :: I have never heard of a team being worse off if a guy that's hitting .251 with two...
Tags: Magic Johnson, Los Angeles Lakers, Phil Jackson, Sports, Los Angeles Angels of Anaheim
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'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...Tags: Cate Blanchett, Alec Baldwin, Bradley Manning, Brooklyn (New York City), Woody Allen
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Judge limits SEC penalty claims in fraud case against Wyly brothers
Reuters* Brothers accused of hiding sale proceeds, insider trading * Civil penalty claims narrowed after Supreme Court ruling By Jonathan Stempel June 6 (Reuters) - The wealthy Texas investor Samuel Wyly persuaded a federal judge to curb potential civil fines...Tags: Defendants, Crime, Law and Justice, U.S. Securities and Exchange Commission, Prosecution, Insider Trading
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Madoff exhibit at the National Museum of Crime & Punishment
Staff writerAn 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...Tags: Palm Beach (Palm Beach, Florida), Crime, Law and Justice, Museums, Arts and Culture, Punishment
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Letters: Enron's Skilling and his jail cell
Re "Skilling doesn't deserve a break," Column, May 19 Jeff Skilling, the chief executive of Enron when it defrauded investors before its collapse in 2001, still believes he has the power to extort or bribe his way out of jail. It scares me to think that...Tags: Prisons, Crime, Law and Justice, Arthur Andersen, Punishment
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Avi Hoffman brings latest one-man show to Boca Raton
Staff WriterAvi 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...Tags: Celebrities, Judaism, Arts and Culture, Richard Harris, Religion and Belief
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MarksJarvis: Financial pros try to address lack of trust
It's about time. Five years have passed since the financial crisis struck. And only now do Wall Street executives seem to be gaining awareness that many potential clients have lost trust in them and the stock market, and have been voting with their...
Tags: Finance, $700 Billion Bank Bailout (2008), Stock Market, MF Global, NYSE Euronext, Inc.
Jun 17, 2013
|Story| Reuters
Jun 17, 2013
|Story| Reuters
Jun 12, 2013
|Story| Reuters
Jun 10, 2013
|Story| Reuters
May 31, 2013
|Story| Los Angeles Times
Jun 7, 2013
|Story| Los Angeles Times
Jun 6, 2013
|Story| Reuters
May 22, 2013
|Story| South Florida Sun-Sentinel
May 22, 2013
|Story| Los Angeles Times
May 5, 2013
|Story| Reuters
May 8, 2013
|Story| SFL
May 8, 2013
|Column| Chicago Tribune
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