It’s been a long time coming for many victims of Bernie Madoff’s Ponzi scheme — more than seven years, in fact — but some of them could soon finally see payouts from a $4 billion Department of Justice fund. [More]
bernie madoff
JPMorgan Chase To Pay $2 Billion For Failing To Notice Madoff Was Giant Scheming Schemer
By 1.6.14
It’s only the first week of January and already it’s an expensive year for giant bank JPMorgan Chase. Just blame Bernie Madoff. [More]
Fellow Prisoners Wanted Madoff To Teach Investment Classes
By 12.11.13
If you had unparalleled access to one of the biggest names in investing, wouldn’t you ask that person for some advice? That’s the logic that some prisoners at the federal prison in Butner, N.C. are using. Their financially savvy neighbor is Bernie Madoff, mastermind of the biggest Ponzi scheme in history. Yes, he knows something about investing. [More]
Victims Of Bernie Madoff’s Ponzi Scheme Could Get Another Few Billion Back Soon
By 7.26.12
It’s a tough job, but someone’s gotta do it: Irving Picard, the trustee in charge of liquidating Bernie Madoff’s assets is asking a New York court if he can distribute another $1.5 billion to $2.4 billion to victims of Madoff’s Ponzi scheme. He says he’s probably recovered around $9.1 billion but thus far, has only been able to hand out $1.1 billion of that. [More]
A Bunch Of Bernie Madoff’s Ponzi Scheme Victims To Get $405 Million In Settlement
By 6.26.12
A recent settlement will see a group of Bernie Madoff’s victims in his Ponzi scheme receive $405 million. Clients of hedge fund manager J. Ezra Merkin, including New York Law School, Bard College, Harlem Children’s Zone, Homes for the Homeless and the Metropolitan Council on Jewish Poverty are included in the settlement. New York state will also get $5 million to cover the legal costs of the settlement. [More]
Madoff's Underwear Contributes To More Than $400K Raised At Auction
By 6.7.11
Personal items that belonged to convicted fraudster Bernie Madoff were auctioned off to high bidders over the weekend. His underwear, art and an honorary diploma helped raise more than $400,000 intended to go toward repaying his swindled investors. [More]
Lawsuit: Mets Owners Made $300 Million In "Fictitious Profits" From Madoff Ponzi Scheme
By 2.4.11
Since the 2008 revelation that Bernie Madoff’s wildly profitable investment business was all just smoke and mirrors, the owners of the New York Mets have claimed they were one of the victims of the Ponzi scheme. However, a newly unsealed lawsuit says that the Mets owners not only ignored warnings that Madoff was too good to be true, but that they made hundreds of millions off the scheme. [More]
Documents Show Chase Doubted Madoff But Did Business With Him Anyway
By 2.3.11
Newly released documents reveal that executives at JPMorgan Chase were aware of the possible Ponzi-ness of Bernie Madoff’s investment business more than 18 months before it was revealed to be a mammoth scam. [More]
Billionaire Widow Gives $7.2 Billion Back To Madoff Victims
By 12.17.10
Victims of douchebag-supreme Bernie Madoff’s Ponzi scheme are getting an early Christmas present. The widow of one of Madoff’s biggest beneficiaries has agreed to return $7.2 billion in proceeds to those who were defrauded. [More]
Madoff's Son Hangs Himself
By 12.13.10
The son of convicted ponzi schemer Bernard Madoff was found dead this weekend hanging by his neck from a dog leash. Mark Madoff’s death was ruled a suicide. According to reports, he had been depressed because no one on Wall Street would give him a job. [More]
In Prison, Madoff Is A Hero
By 6.8.10
In the outside world, Bernie Madoff is reviled. Inside prison, he’s a hero, admired for his stunning successes. [More]
Madoff Gets S*** Kicked Out Of Him In Prison
By 3.18.10
A fellow inmate at Butner federal prison brutually fulfilled the fantasy of millions by brutally beating the piss out of ponzi schemer Bernie Madoff, reports WSJ. [More]
Bernie Madoff's Daughter-In-Law No Longer Wants To Be A Madoff
By 2.25.10
What’s in a name? Just ask Stephanie Madoff, daughter-in-law to imprisoned Ponzi schemer Bernie Madoff. Seems like Stephanie is finding that the surname she took when she wed Bernie’s boy Mark isn’t just a badge of shame — it’s also a threat to her life. That’s why she has petitioned a Manhattan court for a name change. [More]
The Conman Who Loved Me: Madoff Mistress Tells All
By 8.18.09
Sheryl Weinstein, Bernie Madoff‘s mistress, is making the rounds with her steamy, tell-all account of Bernie Madoff the love machine called “Madoff’s Other Secret: Love, Money, Bernie, and Me” (the title beat out “Bernie Madoff Robbed and Sexed Me and All I Got was This Stupid Book Contract”).
Madoff's Former Finance Chief Could Expose Co-Conspirators
By 8.10.09
As convenient as it is to crucify Bernie Madoff and even his wife for the investment fraud that screwed billions out of investors, it’s foolish to believe he acted anywhere close to alone. That’s why prosecutors are giddy that former finance chief Frank DiPascali is pleading guilty and believed to be cooperating with investigators to build cases against the other culprits.
Madoff Gives First Prison Interview To Victims' Lawyers
By 7.29.09
Bernie Madoff has given his first prison interview…to attorneys representing his victims. Highlights: He’s quite candid now (what has he got to lose?), he can’t believe that he got away with running an epic Ponzi scheme for as long as he did, and apparently he’s been working out.
NY Lawmaker Wants Rich Convicts To Pay For Their Own Incarceration
By 7.21.09
New York State Assemblyman Jim Tedicsco sees an injustice. The upstate Republican saw wealthy scammer Bernie Madoff convicted and sent to federal prison for 150 years the rest of his life at taxpayer expense. How fair is that? Why can’t rich criminals pay their own way?
Tell Your Great-Grandchildren To Protect Their Money In 2139
By 7.3.09
When Bernie Madoff was sentenced to 150 years in prison, they weren’t kidding around. Here’s a screencap of his profile in the U.S. federal prison system database. He’s in the system as scheduled for release in 2139.
