Madoff sons may pay for his sinsSeptember 2nd, 2009 NEW YORK - A court-appointed trustee overseeing the Madoff case is poised to file civil complaints against jailed Ponzi King Bernie Madoff's two sons Mark and Andrew - who ran their father's trading division - and Peter Madoff, Bernie's brother and company's chief compliance officer. Trustee Irving Picard will seek in excess of 50 million dollars, including at least 30 million dollars in loans to the sons.
Ponzi King Madoff had flings with numerous secretariesAugust 18th, 2009 NEW YORK - Jailed Ponzi King Bernie Madoff had flings with numerous secretaries that frequently ended with hush-hush settlements, according to Jerry Oppenheimer's new book, "Madoff With the Money."
The New York Post quotes a female veteran Madoff employee telling Oppenheimer that "He had affairs in the office. There were two women I know of.
Ponzi king Madoff 'surprised' why fraud was not uncovered soonerJuly 29th, 2009 LONDON - Ponzi king Bernard Madoff, in his first interview since entering prison, has expressed surprise that Wall Street's biggest investment fraud was not uncovered sooner. Madoff, 71, who was sentenced to 150 years in prison for his 65 billion dollar fraud, expressed remorse and talked candidly to two lawyers who are suing him on behalf of the investors.
Madoff 'making desk, door nameplates in jail'July 22nd, 2009 LONDON - Multi-billion dollar fraudster Bernard Madoff has reportedly been carving desk and door nameplates during his 150-year jail sentence. The 71-year-old Ponzi king, who was found guilty of running the biggest fraud in the Wall Street history, was said to be working in the engraving section from 7am every day.
Ponzi king Madoff in danger of being beaten up by fellow inmatesJuly 20th, 2009 NORTH CAROLINA - Ponzi king Bernard Madoff, who has been convicted of committing a fraud of 60 billion dollars, is in danger of being beaten up by fellow inmates at a North Carolina federal prison, where he is currently imprisoned. Reportedly, fellow inmates at the federal prison were discussing beating Madoff to boost their jailhouse reputations.
Multi-billion dollar fraudster Madoff's request for soft-touch prison rejectedJuly 15th, 2009 NEW YORK - Wall Street's biggest fraudster Bernard Madoff will serve his jail term along with an Israeli spy and an Islamic terrorist at a North Carolina prison, where he was transferred on Monday after the US Bureau of Prisons rejected his request to spend the rest of his life at the Otisville Correctional Institute, an easygoing prison. Now Prisoner No 61727-054, Madoff, 71, is serving his 150-year sentence for running a 65 billion dollar ponzi scheme at the Butner Federal Correctional Complex, 480 miles from New York, where Madoff's wife and two sons.
Here's your chance to send mail to Bernie Madoff in prisonJuly 13th, 2009 NEW YORK - Want to vent out your anger on Bernard Madoff personally? Well, you can at least write a mail to the fraudster via MadoffMail.com. The site is offering people a chance to send emails that will be eventually delivered to the scammer in prison.
Bernie Madoff will not appeal against 150 year prison sentence!July 10th, 2009 NEW YORK - A lawyer representing incarcerated Ponzi king Bernie Madoff has said that his client will not appeal against the 150-year prison term handed down by Manhattan Federal Judge Denny Chin. Bernie Madoff, 71, is presently lodged in the Manhattan's Metropolitan Correctional Center, and is awaiting a transfer to a prison outside the city, reports the New York Daily News.
Ruth Madoff gets passport back from feds, now free to leave countryJuly 8th, 2009 Ruth Madoff gets passport back from feds
NEW YORK — If Ruth Madoff wants to escape public scorn, she is now free to leave the country. A federal judge on Monday ordered the court system to return Madoff's passport.
US prosecutors propose 150-year-jail term for Ponzi king MadoffJune 27th, 2009 NEW YORK - Federal prosecutors in the United States recommended Friday that Ponzi king Bernard L. Madoff be sentenced to 150 years in prison for defrauding the public of 65 billion dollars.
'Madoff's lawyer tells judge 12 years in jail would be fair punishment'June 24th, 2009 LONDON - Bernard Madoff's lawyer has told a judge that 12 years in jail would be a fair punishment for the Ponzi king who swindled billions of investors' money in one of history's biggest frauds. Madoff, who pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors, faces a possible 150 years in prison and up to 170 billion dollars in restitution.
Escaped prisoner found hiding in jail after five days!June 12th, 2009 LONDON - A prisoner thought to have escaped from North London's Holloway jail was found hiding inside the prison five days after she disappeared. Aishatu Ishaku, on remand awaiting a fraud trial, had been hiding in the prison's education block.
Ponzi king Madoff cleaned London office out just before his arrestJune 7th, 2009 LONDON - Ponzi king Bernie Madoff, who has been accused of committing a fraud of 60 billion dollars, is reported to have ordered his London office to sell its 165 million dollar portfolio of UK gilts only a month before he confessed to the FBI that his business was a "big lie". According to The Independent, directors of his London office followed Madoff's instructions, transferring the sale proceeds to his New York office.
When Jack Tweed met 'naked' Boy George in jail showerApril 30th, 2009 LONDON - Looks like Jack Tweed is having a tough time facing another celebrity inmate in prison-he fled from jail showers with lightning speed after three encounters with naked gay star Boy George. The 21-year-old was taken aback when he saw the Culture Club icon in the wash block of the nick where they are both serving sentences.nd shy Jack, whose Big Brother star wife Jade Goody died of cancer last month, had repeated encounters with beefy George after he was sent to cushy Edmunds Hill jail in Suffolk.
Ponzi King Madoff said to have cheated on his wife many timesMarch 29th, 2009 NEW YORK - Ponzi scammer Bernie Madoff, who is currently in jail for defrauding investors of millions of dollars, also cheated on his devoted wife Ruth
Madoff carried on at least one affair during the couple's 50-year marriage, the New York Daily News quotes two sources, as saying. One insider tells us Bernie once had a thing with an executive assistant at a major media corporation.