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.
Ex Jewish charity CFO had a roaring affair with Ponzi KIng MadoffAugust 14th, 2009 NEW YORK - The chief financial officer of the Hadassah, a Jewish volunteer organization, is said to have had a rip roaring affair with New York Ponzi King Bernard L. Madoff in the late 1990s, which in turn helped him to siphon off millions of dollars from its members.
Ponzi king Madoff had inexperienced regulators eating out of his hands, says bookAugust 12th, 2009 NEW YORK - Jailed Ponzi king Bernard Madoff had young inexperienced government regulators so wowed at his ritzy Midtown headquarters that they asked about job openings and dropped off resumes, while missing clear evidence he was running a massive illegal racket, a new book has claimed. Madoff firm secretary Elaine Solomon told author Andrew Kirtzman for his book, "Betrayal: The Life and Lies of Bernie Madoff," "No wonder they never found anything."
In the book out today, Solomon, speaking out for the first time since Madoff's epic downfall last winter after years of operating his multibillion-dollar scam, was quoted by the New York Post as saying that the arch-fraudster got anxious every time investigators from the Securities and Exchange Commission came knocking at his Third Avenue office in the Lipstick Building.
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 gets honorary membership of HotPrisonPals.comJuly 26th, 2009 NEW YORK - Multi-billion dollar fraudster Bernard Madoff has received an honorary membership of HotPrisonPals.com, a website that helps prisoners hook up with pen pals. The site describes its jailbirds as "the hottest, succulent, juiciest, gorgeous, hunkiest, most muscle-throbbing, adorable, cutest, piece[s] of man meat.
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.
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.
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.
Ponzi king Madoff's secretary reveals his lust for ladies and moneyMay 6th, 2009 NEW YORK - Ponzi king Bernie Madoff's long time secretary, Eleanor Squillari, has revealed that her boss enjoyed "frequent massages" during work, hurled vicious insults at underlings and physically fell to pieces as his scheme unraveled. "Bernie could be incredibly generous and incredibly horrible," Squillari, says in an explosive new Vanity Fair article.
Ponzi fraudster Madoff used London office as piggy bank: UK investigatorsMarch 28th, 2009 LONDON - Disgraced US financier Bernard Madoff used the London arm of his corrupt investment business as his personal "piggy bank", British fraud investigators have claimed. The Serious Fraud Office (SFO) described Madoff Securities International, based in Mayfair, Central London as "a cog in the global washing machine", through which the jailed fraudster had laundered billions of pounds.
Ponzi schemer Madoff being treated like a 'lab rat'in prisonMarch 20th, 2009 NEW YORK - Ponzi schemer Bernie Madoff is being treated like a 'lab rat' in the super-max wing of the Manhattan federal lockup. The unit is said to be so tough that it drives hardened criminals mad, the New York Daily News reports.