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.
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.
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.
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.
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.
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.
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.
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.
Bernie Madoff's life to be turned into filmApril 21st, 2009 NEW YORK - Ponzi king Bernie Madoff's life is set to become the subject of a docudrama. Filmmaker Edmund Druilhet revealed he had begun work on Madoff: Made Off With America.
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.
Now, it's bunk beds,, whitewashed walls and a shared sink for fraudster MadoffMarch 14th, 2009 NEW YORK - Ponzi king Bernie Madoff will be going from his plush, multi-million dollar penthouse to a spartan seven-and-a-half-foot by eight foot cell in the Metropolitan Correctional Center. He is likely to be provided with a bare bunk bed, whitewashed cinderblock walls and a shared sink.