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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Original Technorati articles tagged “bernard madoff”

• in Business
  $19 Billion Lawsuit Against JPMorgan
  JPMorgan “profited handsomely” from the relationship with Madoff for over 20 years.
  by stephengfm / on Nov 8, 2011

Latest blogosphere posts tagged “bernard madoff”

 

• Obama’s State of Regulation

  
  Wall Street Pit — Authority: 596
  Barack Obama sounded a number of themes in his 2012 State of the Union Address this week, all underpinned by the proposition that socioeconomic ills can be solved by interventionist government in general and his administration in particular. Indiana governor Mitch Daniels, giving the Republican rebuttal, effectively ...
  4 days ago

• Judge Blocks Madoff Trustees Appeal In Mets Case

  
  FINalternatives — Authority: 537
  The trustee in the Bernard Madoff Ponzi scheme case cannot yet appeal the dismissal of most of his case against the owners of the New York Mets. read more
  1 week ago

• NY judge blocks immediate appeal by Madoff trustee (AP)

  
  Pro Baseball Central | Part of the Sportsday Radio Network — Authority: 122
  A federal judge says a trustee trying to recover money for investors in Bernard Madoffs Ponzi scheme cant immediately appeal a ruling limiting how much the New York Mets owners might lose. The judge said Tuesday letting trustee Irving Picard appeal his September ruling would delay a March trial.
  1 week ago

• NY judge blocks immediate appeal by Madoff trustee (AP)

  
  Pro Baseball Central | Part of the Sportsday Radio Network — Authority: 122
  A federal judge says a trustee trying to recover money for investors in Bernard Madoffs Ponzi scheme cant immediately appeal a ruling limiting how much the New York Mets owners might lose. The judge said Tuesday letting trustee Irving Picard appeal his September ruling would delay a March trial.
  1 week ago

• NY judge blocks immediate appeal by Madoff trustee (PA SportsTicker)

  
  Lone Star Mets :: A New York Mets Blog — Authority: 117
  A federal judge says a trustee trying to recover money for investors in Bernard Madoffs Ponzi scheme cant immediately appeal a ruling limiting how much the New York Mets owners might lose.
  1 week ago

• Say What? January 17, 2012 Edition [Reader Post]

  
  Flopping Aces — Authority: 600
  Liberals: First Lady Michelle Obama : “I guess it’s more interesting to imagine this conflicted situation here and a strong woman. But that’s been an image that people have tried to paint of me since the day Barack announced. That I’m some angry black woman.” Barack Obama : “We can make sure that ...
  2 weeks ago

• Ponzi Scheme or Not, Social Security Cant Keep Up the Pace

  
  WalletPop Blog — Authority: 122
  Filed under: Retirement Social Securitys trust fund is in the process of collapsing because it will have insufficient funds available to pay promised benefits. Sound like a Ponzi scheme? Thats what many prominent political and investing figures have called it. Whether the system meets a broad definition of Ponzi ...
  2 weeks ago

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