Bernard Madoff

Bernard Madoff, born in 1938, is an American financier and former NASDAQ chairman who was indicted in 2008 for defrauding investors of a reported $50 billion. Madoff, whose investment firm was patronized by the ultra-rich, was allegedly the mastermind behind an elaborate Ponzi scheme that had been going on for over a decade.

Madoff’s clients included business people, celebrities, corporations, and even charitable foundations, many of which lost almost their entire investment with Madoff. Under SIPC guidelines, victims are entitled to a reimbursement of only $500,000, a small sum considering the investments put in by the high net worth clients of Madoff Investment Securities.

Following his arrest, Madoff was placed under house arrest having posted $10 million bail. His culpability will ultimately be determined in a court of law.

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Latest blogosphere posts tagged “Bernard Madoff”

• Madoffs Golf Shop open for business

  
  Local Knowledge — Authority: 538
  Actually, its an auction of Bernard Madoffs belongings Saturday at the New York Sheraton. There are six lots (lots 296 through 298 and 301 through 303) that feature nothing but golf items, mostly clubs, suggesting that on the golf front, at least, he was no different than most golfers who upgrade their equipment, but ...
  12 hours ago

• Holiday shopping Madoff-style

  
  BloggingStocks — Authority: 661
  Filed under: Scandals , Headline news What do you get for the person who has everything? Well, maybe you buy him a piece of history. The U.S. Marshals Service has done all the hard work , and now you can take advantage of it... maybe even at discount prices! Possessions seized from Ponzi schemer Bernie Madoff ...
  1 day ago

• Bernie Madoff auction

  
  The Guardian - guardian.co.uk — Authority: 982
  Public Domain From the banker who threw his investors a curveball, the US goverment presents Lot 276 - Jacket: [1] Blue satin with orange trim jacket labelled and stitched with: NY Mets, "MADF", "25" and "Madoff"
  1 day ago

• Bernard Madoffs belongings go on the auction block in New York

  
  The Guardian - guardian.co.uk — Authority: 982
  US government works to recoup Ponzi scheme victims losses, one diamond-encrusted gold watch at a time Next week Americans will have the opportunity to bid on Ponzi schemer Bernard Madoffs personal effects, as the US government auctions off his belongings in an effort to recoup his victims losses, one ...
  1 day ago

• What Were Reading...

  
  Economix — Authority: 736
  Auctioning Bernie Madoffs belongings and other economic news from around the Web.
  1 day ago

• How about a Bernie jacket to go with those blue jeans?

  
  For What It's Worth — Authority: 154
  Madoff stuff is being auctioned off this weekend by the U.S. Marshalls. Custom satin Mets jacket, boogie boards, duck decoys and watches – lots of watches. Do you think Walt would like a decoy just to remember his friend by?
  2 days ago

• Adat Yeshurun Shootings

  
  Your Moral Leader — Authority: 442
  Joe emails: You won’t get this in the mainstream media, but the first victim was apparently in the tile business and owed money to the israeli mafia. The second victim was hit as a witness and had no part in the mess. I must say, as an orthodox leaning jew, it is time for us to take out our trash. We are duty ...
  2 days ago

• Small payday for Agape victims

  
  Long Island Business News — Authority: 445
  It looks like investors were better off with Madoff than Cosmo.In December, about 3,500 people who lost money with Agape World should start receiving checks representing part of their share of money recovered by the bankrupt company’s court-appointed trustee.According to court filings posted on the Agape World ...
  2 days ago

• 8 Tips for Presenting the Best CLE of Your Life

  
  Divorce Discourse - for family law professionals — Authority: 424
  I’m in Charlotte, North Carolina for a presentation. I’m co-teaching a CLE program with Erik Mazzone . The program is sponsored by Lawyers Mutual Liability of North Carolina . They do these programs annually for the benefit of their insureds. We’re doing a “60 Tips in 60 Minutes” program on practice ...
  6 days ago

• Cloudy with a chance of Giant Meatballs

  
  dailynewsjokes.com — Authority: 113
  A 31-year-old man in Michigan faces charges after stealing an ambulance that had been left idling outside of a hospital emergency room. I don’t think this is what Democrats meant by the Public Option. Nonni’s Italian Eatery in New Hampshire was confirmed by Guinness Book of World Records over the weekend as the ...
  1 week ago

• Friehling: Another Madoff domino falls

  
  BloggingStocks — Authority: 661
  Filed under: Insiders , Law , Scandals Another player in the Bernie Madoff saga has fallen. His longtime auditor, David Friehling, pleaded guilty in federal court on Tuesday to charges of securities fraud, investment adviser fraud, making false filings with the SEC , and obstructing or impeding the ...
  1 week ago

• Unpersuasive claims of victimhood dept.

  
  Overlawyered — Authority: 657
  “Madoff’s Accountant Acknowledges Guilt, Casts Himself as Victim” [ NLJ ] Tags: Bernard Madoff Related posts Names in the news (0) Mel Weiss invested with Madoff (2) Markopolos’s case against Madoff (2) Live by the swindle… (2) Blawg Review #220 (12)
  1 week ago

• Madoff Accountant Pleads Guilty To Fraud

  
  TPMMuckraker — Authority: 782
  Bernie Madoffs former accountant has pleaded guilty to fraud in connection with his auditing of Madoffs operation. But David Friehling denied that he knew anything about the underlying massive Ponzi scheme, which Madoff has pleaded guilty to orchestrating. Friehling admitted that he didnt independently audit ...
  1 week ago

• Madoffs auditor pleads guilty but claims he didnt know of scam

  
  Business Finance & Economy - business.marc8.com — Authority: 163
  Disgraced money manager Bernard Madoffs longtime auditor pleaded guilty to securities fraud and other charges Tuesday in a cooperation deal that could leave him behind bars for years.
  1 week ago

• Money Minute: Ponzi Plea; Buffet Deal, More

  
  Watch your favorite videos on the internet. — Authority: 171
  The longtime auditor for disgraced money manager Bernard Madoff has pleaded guilty to securities fraud and other charges. The aps Mark Hamrick reports.
  1 week ago

• Madoff accountant pleads guilty to fraud

  
  The Guardian - guardian.co.uk — Authority: 982
  Accountant David Friehling insists in court that he was unaware that Bernard Madoff was running a Ponzi scheme An independent accountant responsible for auditing Bernard Madoffs corrupt investment empire pleaded guilty to nine criminal charges at a Manhattan court today and accepted accusations that he did little ...
  1 week ago

• Northern Trust Named Best Overall Hedge Fund Administrator

  
  Hedge Fund News From HedgeCo.Net — Authority: 512
  New York (HedgeCo.net) – Northern Trust has been named the Best Overall Hedge Fund Administrator by HFMWeek in the magazine’s inaugural U.S. Service Provider Awards. The awards recognize companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, growth and genuine ...
  1 week ago

• Mortgage Refinancing Finances

  
  Mortgage online — Authority: 158
  Ahead of you contact a lender, requesting for a mortgage refinancing; you should carry out research. You should by no means be estranged in the talk.
  1 week ago

• Madoff Accountant To Plead Guilty, Cooperate With Probe

  
  FINalternatives — Authority: 550
  Bernard Madoff’s accountant has struck a deal with federal prosecutors, admitting that he played a role in the $65 billion Ponzi scheme. read more
  1 week ago

• Madoff Lesson: Liars Can Thwart an SEC Investigation

  
  gary-weiss.com — Authority: 531
  The 536 exhibits released by the SEC Inspector General late Friday on Bernie Madoff dont seem to contain any explosive new revelations, but underscore an essential point about SEC investigations: if you are the target of a probe, just lie, again and again. The SEC wont check up, even if its obvious. Ask Bernie. ...
  1 week ago

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