Summary Box: SEC watchdog recommending new system for handling tips to prevent Madoff repeatSeptember 30th, 2009 Summary Box: SEC IG urges changes after MadoffMADOFF AFTERMATH: To prevent another breakdown like the Bernard Madoff fraud, the Securities and Exchange Commission's inspector general is recommending a new system for handling the thousands of tips and complaints the agency receives, among other changes. CHANGES AT THE SEC: Inspector General David Kotz says it should be easier for junior-level enforcement attorneys to bring their concerns to top managers, and that people with backgrounds in Ponzi schemes should be put on investigating teams.
In book, investor alleges a 2-decade affair with disgraced financier Bernard MadoffAugust 14th, 2009 Author alleges she was Madoff's 20-year mistressNEW YORK — Bernard Madoff's decades-long fraud might not have been his only secret. A new book says he had a two-decade affair with one of his investors.
Investor reveals a two-decade affair with disgraced financier Bernard Madoff in bookAugust 14th, 2009 Book about Bernie Madoff affair poised for releaseNEW YORK — Bernard Madoff's decades-long fraud apparently wasn't his only secret. A new book says he had a two-decade affair with one of his investors.
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.
NY prosecutors signal plea deal with Bernard Madoff's longtime accountant in sightJuly 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.
Prison coach says Bernard Madoff was not afraid before starting 150-year sentence in NCJuly 15th, 2009 Prison coach: Madoff was not afraid ahead of termNEW YORK — A prison coach who helped Bernard Madoff get ready for his 150-year sentence says the disgraced financier was not afraid before starting his term at a federal penitentiary in North Carolina. Herb Hoelter (HOHL'-ter) told the CBS "Early Show" that Madoff was remorseful but composed when Hoelter met him four days before sentencing.
Convicted swindler Bernard Madoff leaves Atlanta lockup for NC prisonJuly 14th, 2009 Madoff leaves Atlanta lockup, headed to NC prisonWASHINGTON — Disgraced financier Bernard Madoff has left a federal prison in Atlanta and is heading to his new home in a North Carolina prison. Federal Bureau of Prisons spokeswoman Linda Thomas on Tuesday said Madoff has left the penitentiary in Atlanta.
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.
Industry group sets aside $231M for claims by Madoff investorsJuly 1st, 2009 Group says $231M set aside for Madoff claimsNEW YORK — A group funded by the securities industry has set aside $231 million to cover claims by Bernard Madoff's burned investors. The announcement was made Wednesday by court appointed trustee Irving H.
Person close to Madoff investigation tells AP more arrests expected, but not imminentJune 30th, 2009 Madoff behind bars, investigation grinds forwardNEW YORK — The day after Bernard Madoff received a 150-year prison term, investigators are continuing their pursuit of other suspects in his massive fraud. A person close to the investigation tells The Associated Press no more arrests are imminent, but 10 people are expected to face charges by the time investigators are done.
NY prosecutors: Judge orders disgraced financier Bernard Madoff to forfeit over $170 billionJune 27th, 2009 Judge orders Madoff to forfeit over $170 billionNEW YORK — A federal judge has ordered disgraced financier Bernard Madoff to forfeit over $170 billion. Prosecutors say U.S.
SEC reaches settlement with Bernard Madoff, bars him from securities industryJune 16th, 2009 SEC accord bars Madoff from securities industryWASHINGTON — Federal regulators have reached a settlement with disgraced money manager Bernard Madoff that prohibits him from working in the securities industry. The Securities and Exchange Commission says it accepted Madoff's settlement offer to be barred from association with any brokerage or investment firm.
NY trustee: Philanthropy invested with Madoff should have known returns were fraudulentMay 13th, 2009 NY trustee sues philanthropy in Madoff caseNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets has sued one of the nation's leading educational philanthropies. The complaint filed Tuesday in Manhattan bankruptcy court alleges the Picower Foundation and several related entities made nearly $7 billion by investing with Madoff.
Trustee in Madoff fraud offers quicker relief to hardest-hit victimsMay 9th, 2009 Trustee unveils Madoff hardship programNEW YORK — A trustee wants to give a break to investors hardest hit by the Bernard Madoff fraud. Irving Picard unveiled a hardship program Friday that will put the victims first in line for up to $500,000 of relief.
Man who had sex with woman to 'cleanse' her jailedJanuary 8th, 2009 TAIPEI - A Taiwan man has been sentenced to six-and-a-half years' imprisonment for posing as a shaman and having sex with a young woman to 'cleanse her of ghosts' semen', a newspaper reported Friday. The Hsinchu District Court in west Taiwan sentenced Yang Jih-hua, 59, Thursday on his conviction of rape, for having sex with the victim 13 times in 2007 and impregnating her, the Liberty Times said.
Loading ...