US prosecutors propose 150-year-jail term for Ponzi king Madoff

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.

August 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.

August 7th, 2009 Possible NY plea by Madoff's financial officerNEW YORK — Federal prosecutors in Manhattan have signaled the former chief financial officer at Bernard Madoff's firm may be close to a plea deal. Prosecutors notified the court on Friday that they intend to bring unspecified charges against Frank DiPascali by filing papers that usually indicate a plea deal is in the works.

July 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.

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 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.

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.

July 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.

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.

April 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.

March 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.