Ponzi king Madoff ’surprised’ why fraud was not uncovered sooner

September 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.

August 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.

August 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.

August 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.

July 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.

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.

July 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.

July 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.

July 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.

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.

June 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.

June 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.

May 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.

March 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.

March 14th, 2009 LONDON - Bernard Madoff apologised for committing the largest investor fraud ever, amounting to as much as 47 billion pounds, while being sent behind the bars. The 70-year-old pleaded guilty to an 11-count federal criminal complaint in a New York court that left him facing a maximum 150-year sentence for the swindle.