Apologetic ex-Madoff CFO DiPascali reveals details of Ponzi scheme as he pleads guilty in NYCAugust 11th, 2009 Ex-Madoff CFO pleads guilty in court in NYCNEW YORK — The former chief financial officer for Bernard Madoff has pleaded guilty in a cooperation deal to 10 charges, including conspiracy. Frank DiPascali entered the pleas Tuesday in federal court in Manhattan.
NY prosecutors signal plea deal with Bernard Madoff's longtime accountant in sightJuly 15th, 2009 NY prosecutors near deal with Madoff accountantNEW YORK — Federal prosecutors in Manhattan have signaled they may be near a plea deal with Bernard's Madoff longtime accountant. The prosecutors notified the court on Wednesday they intend to file a document that would allow David Friehling (FREE'-ling) to plead guilty in the case instead of being indicted.
Prison coach says Bernard Madoff was not afraid before starting 150-year sentence in NCJuly 15th, 2009 Prison coach: Madoff was not afraid ahead of termNEW YORK — A prison coach who helped Bernard Madoff get ready for his 150-year sentence says the disgraced financier was not afraid before starting his term at a federal penitentiary in North Carolina. Herb Hoelter (HOHL'-ter) told the CBS "Early Show" that Madoff was remorseful but composed when Hoelter met him four days before sentencing.
Convicted swindler Bernard Madoff leaves Atlanta lockup for NC prisonJuly 14th, 2009 Madoff leaves Atlanta lockup, headed to NC prisonWASHINGTON — Disgraced financier Bernard Madoff has left a federal prison in Atlanta and is heading to his new home in a North Carolina prison. Federal Bureau of Prisons spokeswoman Linda Thomas on Tuesday said Madoff has left the penitentiary in Atlanta.
Bureau of Prisons Web site lists Madoff's location as federal prison in GeorgiaJuly 14th, 2009 Government Web site says Madoff at prison in Ga. WASHINGTON — A Bureau of Prisons Web site says that disgraced financier Bernard Madoff has been moved to a federal prison in Atlanta.
Industry group sets aside $231M for claims by Madoff investorsJuly 1st, 2009 Group says $231M set aside for Madoff claimsNEW YORK — A group funded by the securities industry has set aside $231 million to cover claims by Bernard Madoff's burned investors. The announcement was made Wednesday by court appointed trustee Irving H.
AP Source: 10 more people likely to be charged in probe of disgraced financier Bernard MadoffJune 30th, 2009 AP Source: 10 more could be charged in Madoff scamNEW YORK — A person familiar with the investigation into disgraced financier Bernard Madoff (MAY'-dawf) says at least 10 more people are likely to be charged by the time the probe is complete. The person tells The Associated Press they will face federal charges over the next few months.
Person close to Madoff investigation tells AP more arrests expected, but not imminentJune 30th, 2009 Madoff behind bars, investigation grinds forwardNEW YORK — The day after Bernard Madoff received a 150-year prison term, investigators are continuing their pursuit of other suspects in his massive fraud. A person close to the investigation tells The Associated Press no more arrests are imminent, but 10 people are expected to face charges by the time investigators are done.
Victims urge stiff term for Madoff at convicted swindler's sentencing in NYCJune 29th, 2009 Victims testify at Bernard Madoff's sentencingNEW YORK — Bernard Madoff's fraud victims are urging a stiff sentence for the mastermind of a multibillion-dollar fraud scheme. U.S. District Judge Denny Chin said Monday that the federal probation department recommends that Madoff get 50 years in prison.
Bernie Madoff sentenced to spend remainder of life in prisonJune 29th, 2009 Bernie Madoff joins long white-collar prison rollA look at some other figures serving time for their involvement in high-profile financial scandals:
— Jeffrey Skilling, 55, Enron's former chief executive, sentenced in October 2006 to more than 24 years in prison for role in company's collapse. The 5th U.S.
Saga to end Monday for Madoff, but pain is just beginning for many cash-strapped victimsJune 28th, 2009 Pain continues for cash-strapped Madoff victimsNEW YORK — Bernard Madoff will learn Monday whether he will spend the rest of his life in prison. But for thousands of his victims, the pain of wondering what the future holds is only beginning.
NY prosecutors: Judge orders disgraced financier Bernard Madoff to forfeit over $170 billionJune 27th, 2009 Judge orders Madoff to forfeit over $170 billionNEW YORK — A federal judge has ordered disgraced financier Bernard Madoff to forfeit over $170 billion. Prosecutors say U.S.
SEC reaches settlement with Bernard Madoff, bars him from securities industryJune 16th, 2009 SEC accord bars Madoff from securities industryWASHINGTON — Federal regulators have reached a settlement with disgraced money manager Bernard Madoff that prohibits him from working in the securities industry. The Securities and Exchange Commission says it accepted Madoff's settlement offer to be barred from association with any brokerage or investment firm.
Madoff case trustee says claims in massive Ponzi scheme rise to almost 9,000May 14th, 2009 Trustee: Nearly 9,000 claims in Madoff scamNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets says he's received almost 9,000 claims from the disgraced financier's victims. Court-appointed trustee Irving Picard told reporters Thursday on a conference call that he's identified about $1 billion in assets that will be used to pay the claims.
Madoff pleads guilty to $50-bn fraud, jailedMarch 13th, 2009 WASHINGTON - Disgraced financier Bernard Madoff will go to jail after admitting in court Thursday to a $50-billion fraud that entwined hundreds of investors around the world and has made him the poster-child of Wall Street greed in the current financial crisis. Madoff pleaded guilty to all 11 criminal counts, telling the lower Manhattan federal court that he was 'deeply sorry and ashamed,' according to broadcaster CNBC.
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