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”

• Banking’s Band Of Brothers — America’s Deft Criminals

  
  Newsroom Magazine — Authority: 129
  It was as easy as taking candy from a baby, one insider said recently, for banks and bankers were trusted — wrongfully, but trusted.New YorkInstitutional AbandonmentOut Voted By The Banking LobbySenator Byron Dorgan was one of eight Senators who opposed the repeal of Glass-Steagall.On November 4, 1999, Dorgan spoke ...
  1 day ago

• Satyam’s Raju put in Forbes `2009 Hall of Shame’

  
  Thaindian News — Authority: 729
  New York, Nov 26 (IANS) The Forbes, best known for its rankings of the richest and the most powerful the world over, has put Ramalinga Raju, the founder-chairman of Satyam Computers (now Mahindra Satyam), fourth among the “world’s 10 most outrageous CEOs”.Giving Raju company in what the US business magazine ...
  4 days ago

• UBS and E&Y face Bernard Madoff test cases

  
  Daily Telegraph | Telegraph.co.uk — Authority: 969
  Investors who lost money in a Madoff feeder fund are suing UBS and Ernst & Young in cases that could open the floodgates for a flurry of lawsuits.
  5 days ago

• Madoff Trustee And His Law Firm Seek Another $22 Million

  
  FINalternatives — Authority: 595
  Recovering assets for the victims of Bernard Madoff’s massive Ponzi scheme isn’t proving cheap. read more
  1 week ago

• How psychology is driving the economic rebound

  
  DailyFinance — Authority: 795
  Filed under: People , Investing , Media Earlier this year, Comedy Centrals Stephen Colbert interviewed Jim Cramer about market psychology against a video background of puppies and kittens. Did it help the market rebound from its March lows? Who knows? But investors are sure feeling better about themselves. The ...
  1 week ago

• The Adventures Of Bernie In Wonderland

  
  Newsroom Magazine — Authority: 129
  New YorkBernie Madoff: Harry Markopolos InterviewNow that Bernie Madoff is in prison the extent of his unlawful behavior and sense of personal entitlement is starting to surface. The government has releases a redacted transcript of some 650 pages of interviews, evidence and testimony concerning the Madoff prosecution. ...
  1 week ago

• Getting Out of the Hole, Or Digging It Deeper?

  
  Net News Publisher — Authority: 451
  Yesterday I focused on the proposition that “ irrationality knows no bounds .” Today’s news brings evidence that the same can be said about greed. (Resolving the question of whether or not greed is irrational is left as an exercise for the reader.) The evidence comes from Candice Choi, Personal Finance ...
  1 week ago

• Back of the envelope stuff

  
  Mark Wadsworth — Authority: 442
  [IMG: http://1.bp.blogspot.com/_XQBlCxLE0vw/SwXZJ8ieRuI/AAAAAAAABb8/bWTKhFNFoak/s400/BernieMadoff.jpg]
  1 week ago

• Medal that marked hanging of ‘19th century Madoff’ up for grabs

  
  Thaindian News — Authority: 729
  London, November 19 (ANI): A 19th century medal created to mark the hanging of a cheating banker has been put up for sale in London.The coin came into being for the hanging of Henry Fauntleroy, who forged cheques at his bank Marsh, Sibbald & Co for more than a decade before he was caught [...]
  1 week ago

• Bernard Madoffs Bull nets 700000

  
  Daily Telegraph | Telegraph.co.uk — Authority: 969
  The convicted fraudster Bernard Madoffs beloved 55ft yacht Bull has been sold at auction for 700000 £417860 as part of a wider sale of nautical assets belonging to the convicted fraudster and his righthand man.
  1 week ago

• Cheating bankers nothing new 19th century Madoff medal shows

  
  Daily Telegraph | Telegraph.co.uk — Authority: 969
  Souvenir marked the hanging of the Bernard Madoff of the 19th century.
  1 week ago

• Weekly News Roundup: November 16 to November 20

  
  WorthPoint — Authority: 134
  In art, antiques and collectibles headlines, we find recession recovery signs in the auction market, the Red Cross selling off some of its collection and a reason to search your attic for vintage movie posters. From The New York Times: Art Prices (and Mood) Inch Back Up Collectors are returning to high-end art ...
  1 week ago

• The Believers

  
  Your Moral Leader — Authority: 145
  I can find no coverage of this book in the American press. I realize it is not available in America but it seems like an important book. The following is the only article I’ve found about this new book. From the Irish Times : BOOK OF THE DAY:   The Believers: How America Fell for Bernard Madoff’s $65 billion ...
  1 week ago

• What Obama And Bernie Madoff Have In Common

  
  Cutting Through The Fog — Authority: 427
  Bernie Madoff is a convicted cheat because he falsified rates of investment returns in order to draw more and more people into his ponzi scheme. In the very same vein, when it comes to saved and created jobs, Obama is being just as deceptive.Increasingly, we are seeing that many of the jobs being claimed as saved ...
  1 week ago

• Dont Worry, Folks: Frank DiPascali is Still in Jail

  
  gary-weiss.com — Authority: 549
  In the past Ive decried the behavior of U.S. District Court Judge Richard J. Sullivan, who has pandered to public sentiment by refusing to release on bail the chief cooperating witness in the Bernie Madoff case, Frank DiPascali Jr. Doing so, Ive pointed out, makes the job of cracking white collar cases harder, not ...
  1 week ago

• Madoff Auction Nets $900K For Victims

  
  FINalternatives — Authority: 595
  Saturday’s auction of 170 items owned by arch-fraudster Bernard Madoff and his wife exceeded its expected haul, but the money remains is barely a drop in the bucket for the Ponzi schemer’s victims. read more
  1 week ago

• Bernard Madoff’s luxury boats and car to be auctioned

  
  Luxurylaunches.com — Authority: 603
  Victims of Bernard Madoff’s Ponzi scheme can expect some relief as federal agents are all set to auction off his possessions. Several luxury yachts and a Mercedes-Benz seized from Madoff and his top aide Frank DiPascali will hit the auction block Tuesday in Ft. Lauderdale. The auction held by U.S. Marshals Service ...
  1 week ago

• Madoffs Yachts Go Up For Auction

  
  Cutting Through The Fog — Authority: 427
  I dont know if you are aware of it or not but, all three yachts of ponzi cheat Bernie Madoff went up on the auction block as of today (Click to See Full Story: You Too Can Own Bernie Madoffs "Bull"). His biggest yacht is a 55 foot vintage prize that carries the name of "Bull". His two other smaller yachts, "Little ...
  2 weeks ago

• Bernard Madoff’s computer programmers arrested

  
  Thaindian News — Authority: 729
  Washington DC, Nov 16 (THAINDIAN NEWS) Two computer programmers Jerome O’Hara and George Perez have been arrested by the FBI for allegedly suspicious dealings for Wall Street conman Bernard Madoff.They worked for Madoff from the time period 1990 to 1991, and they were arrested from their homes on Friday, according ...
  2 weeks ago

• Madoff’s yacht, 2 smaller boats on auction block (AP)

  
  Relevant News — Authority: 177
  AP – Disgraced financier Bernard Madoff’s 55-foot yacht named “Bull” and two smaller boats are heading for the auction block in Florida. More: (AP)"> (AP)">Madoff’s yacht, 2 smaller boats on auction block (AP)
  2 weeks ago

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