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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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), Arts and Culture, Punishment, Crime, Law and Justice, Museums
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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: Arthur Andersen, Punishment, Crime, Law and Justice, Prisons
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Exmillonario Madoff gana 40 dólares al mes limpiando ordenadores en la cárcel
Bernard Madoff, condenado a 150 años de prisión en EE.UU. por una de las mayores estafas financieras de la historia, ha pasado de poseer una fortuna de decenas de millones de dólares a cobrar 40 dólares mensuales por limpiar ordenadores, indicó el...Tags: Long Island, Manhattan (New York City)
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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: Entertainment, Religion and Belief, Music, Celebrities, Tony Curtis
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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: Stock Market, Economy, Business and Finance, NYSE Euronext, Inc., Finance, MF Global
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RPT-Investors may lobby JPMorgan to clip Dimon's wings if vote fails
ReutersBy Nadia Damouni and David Henry May 5 (Reuters) - JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief executive after the "London whale"...Tags: Employees, Economy, Business and Finance, JPMorgan Chase & Co., California Public Employees' Retirement System, Parties and Movements
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JPMorgan CEO Dimon to meet with OCC examiners -WSJ
ReutersNEW YORK, May 3 (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon is scheduled to meet next week with bank examiners from the Office of the Comptroller of the Currency in a meeting the bank requested, the Wall Street Journal reported on Friday. According...Tags: Jamie Dimon, JPMorgan Chase & Co., Office of the Comptroller of the Currency, The New York Times, The Wall Street Journal
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US SEC loses its top examinations director to FINRA
ReutersWASHINGTON, May 2 (Reuters) - The head of the U.S. Securities and Exchange Commission's national examination program is leaving the agency, in what marks the latest major personnel change since Mary Jo White took over as SEC chairwoman last month, the SEC...Tags: Mary Jo White, U.S. Securities and Exchange Commission
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Will new SEC hang whistle-blowers out to dry?
The Securities and Exchange Commission is certainly looking all spiffy and new these days. Mary Jo White, the former federal prosecutor and Debevoise & Plimpton law partner, has taken over as chairman. She tapped her longtime deputy at the Southern...Tags: Freedom of Information Act, JPMorgan Chase & Co., Barclays PLC, Parties and Movements, Goldman Sachs Group, Inc.
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Elie Wiesel, history's witness
It was a fine April day last week that found Elie Wiesel at Chapman University; it was a fine April day too, 58 years earlier, when the gaunt, teenage Wiesel found himself alive and suddenly free to walk out of the Buchenwald concentration camp. In the...
Tags: Nazi Party, Freedom of the Press, Religion and Belief, Israel, Refugee
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Madoff investors cannot sue SEC, federal appeals court says
Investors who lost big when Bernard Madoff’s Ponzi scheme unraveled cannot sue federal regulators, despite the government’s “regrettable inaction,” a federal appeals court ruled. Madoff victims had sued, arguing that the...
Tags: U.S. Securities and Exchange Commission, Mary Schapiro
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Extortion at funerals? That's low, even for low-life scammers
Watchdog with Paul MuschickWith 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......
May 22, 2013
|Story| South Florida Sun-Sentinel
May 22, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| South Florida Sun-Sentinel
May 8, 2013
|Story| SFL
May 8, 2013
|Column| Chicago Tribune
May 6, 2013
|Story| Reuters
May 3, 2013
|Story| Reuters
May 2, 2013
|Story| Reuters
Apr 30, 2013
|Column| Allentown Morning Call
Apr 23, 2013
|Column| Los Angeles Times
Apr 10, 2013
|Story| Los Angeles Times
Mar 5, 2013
| Allentown Morning Call
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