bernard madoff
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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”
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Honesty can Save Your Life
Airelon's Investing and Trading Blog —
Authority: 123
I grew up in a quiet suburb in southeastern Michigan. Our city was not really attached to the metro sprawl of Detroit, as were a lot of other cities like Pontiac, Wyandotte or Warren. On the other hand, we were not as far removed as some of the more rural areas, say, like Chelsea. We were sort of related to the ...14 hours ago -
Ponzi Collapses Nearly Quadrupled in 09 (AP)
Dollars & Sense blog —
Authority: 423
From the Associated Press : By CURT ANDERSON, AP Legal Affairs Writer Curt Anderson, Ap Legal Affairs Writer —Mon Dec 28, 9:33 pm ET MIAMI—It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with "Ponzi" becoming a ...1 day ago -
The Daily Habit: Business
The 115- Fear and Loathing in America: Random Babble from the Red-Eyed Counterculture —
Authority: 137
Year of the Ponzis http://finance.yahoo.com/news/AP-Ponzi-collapses-nearly-apf-898755198.html?x=02 days ago -
AP: 2009 Was The Year Of The Collapsing Ponzi Scheme
TPMMuckraker —
Authority: 781
Over 150 Ponzi schemes collapsed this year, up from just 40 last year, according to a new and, for TPMmuckraker readers, totally unsurprising tally by the AP . The wire service reports: Tens of thousands of investors, some of them losing their lifes savings, watched more than $16.5 billion disappear like smoke in ...2 days ago -
Ponzi collapses nearly quadrupled in 09
Stupidica —
Authority: 177
MIAMI It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with "Ponzi" becoming a buzzword again thanks to the collapse of Bernard Madoffs $50 billion plot. Tens of thousands of investors, some of them losing their lifes ...2 days ago -
NY man cant recover Madoff millions from ex-wife
Business Finance & Economy - business.marc8.com —
Authority: 165
A judge says a prominent New York City lawyer cant recover money he paid in a divorce agreement when he believed he and his ex-wife had millions of dollars invested with Bernard Madoff .3 days ago -
The US, India, China and Russia: economic heavyweights shape up for 2010
Daily Telegraph | Telegraph.co.uk —
Authority: 964
Our global correspondents reveal how the worlds financial leaders will dictate the economic agenda next year.4 days ago -
Guest Post: Interview With J.S.Kim
zero hedge —
Authority: 739
Submitted by Ilene of Phils Stock World Introduction J.S. Kim is the founder ofSmartKnowledgeU™, an independent investment research and wealthconsulting firm. J.S. accurately called the recent global financialcrisis, sharing his thoughts on his investment blog , to his subscribers, and in a series of ...5 days ago -
Do Zionists control world’s media?
Qwaider Planet —
Authority: 168
I found the answer to the question from a Hasbara site, Zionism On The Web, with the usual ‘anti-Semitism’ tag: “Jews control the media (but often adjusted to “Zionists control the media”) is a myth was Read More......( read more )6 days ago -
Bernie Madoff Gets a Christmas Gift: A Beating
gary-weiss.com —
Authority: 569
Im not in favor of inmates smacking the guy around, but Im not losing any sleep over word that Bernie Madoff is in the hospital after getting a severe beating in prison . Yeah, I know, the official account says that he "fell out of bed." Right. A local media outlet says, "According to the sources, Madoff came to ...6 days ago -
Did Bernie Madoff Get Beat Up In Jail?
Politik Ditto —
Authority: 441
Bloomberg.com : Bernie Madoff went to Duke University Hospital on Dec. 18 with injuries consistent with an assault, ABC News reported, citing the network’s WTVD affiliate in North Carolina. Madoff had facial fractures, broken ribs and a collapsed lung, the ABC affiliate said, citing people ...6 days ago -
Madoff treated at Duke hospital after falling ill
Business Finance & Economy - business.marc8.com —
Authority: 165
Bernard Madoff was transferred from a North Carolina federal prison to Duke University Medical Center earlier this week after he experienced dizziness and high blood pressure.6 days ago -
Bernie Madoff Treated for Serious Injuries After Assault
Wall Street Pit —
Authority: 664
Disgraced financier Bernard Madoff was admitted to Duke University Hospital late last week and treated for serious injuries consistent with an assault, a North Carolina television station reported on Thursday.According to the station, Madoff had facial fractures, broken ribs and a collapsed...6 days ago -
Report: Madoff treated for injuries consistent with an assault
USATODAY.com Money - Block —
Authority: 763
WTVD reports that convicted swindler Bernie Madoff, who spent several days in a hospital and prison medical facility, was treated for serious injuries consistent with an assault.6 days ago -
Bernard Madoff moved to prison hospital
Daily Telegraph | Telegraph.co.uk —
Authority: 964
Bernard Madoff, the fraudster serving as 150-year jail sentence for running a $65bn Ponzi scheme, has been moved to a prison hospital.6 days ago -
PAULICK REPORT 2009: THE YEAR THAT WAS
Paulick Report —
Authority: 481
By Bradford Cummings It is amazing what a difference a year makes at the Paulick Report. Traffic has more than doubled, debate is livelier than ever and Ray has pledged to stop talking about jet lag. (I’ll believe it when I see it…or don’t see it) We made a cross-country trip to the Breeders’ Cup at Santa ...1 week ago -
Madoff Transferred To a Medical Facility Within Prison... Hmmm...
zero hedge —
Authority: 739
The man who brought the Ponzi back in 2009, Bernard Madoff, has been transferred to a medical facility within his new North Carolina home, according to CNNMoney.com and the Federal Bureau of Prisons. Though, mums the word on what is wrong, he is 71 years young and living in an environment he, nor anyone else sane, ...1 week ago -
Bernie Madoff Moved From Jail to Prison Hospital
Wall Street Pit —
Authority: 664
Ponzi King Bernie Madoff has been moved from the Butner Federal Correctional Complex in Butner, N.C., where he is serving a 150-year jail sentence, to a prison medical facility, according to media reports Wednesday.Madoff, 71, who is serving the prison term after pleading guilty to a $65...1 week ago -
Bernard Madoff taken to prison medical facility
The Guardian - guardian.co.uk —
Authority: 985
Investor imprisoned for multibillion-dollar fraud is being treated in North Carolina The US bureau of prisons says Bernard Madoff has been moved from a North Carolina federal prison to a prison medical facility. The bureau noted the change on its website today. A spokeswoman did not immediately return a phone ...1 week ago -
Madoff moved to prison medical facility
USATODAY.com Money - Block —
Authority: 763
Convicted swindler Bernard Madoff has been moved from a North Carolina federal prison to a prison medical facility, the Associated Press reports.The Bureau of Prisons noted the change on its Web site Wednesday. A spokeswoman did not immediately return a phone message.Madoff, 71, has been imprisoned since March, when ...1 week ago
