Streams

 

 

Madoff

WNYC News

Yeshiva University Fighting To Survive

Monday, June 23, 2014

WNYC

After years of deficits, the revered institution of Jewish learning is teetering on the brink of insolvency, and now even faculty members are planning to sue.

Comments [2]

The Brian Lehrer Show

JP Morgan Chase to Pay $2 Billion in Madoff-Related Case

Monday, January 06, 2014

JPMorgan Chase will be paying out millions to the government in settlements related to the Bernie Madoff Ponzi scheme. Reuters Finance Blogger Felix Salmon explains why and what it means for the bank.

Comments [2]

WNYC News

Bernard Madoff's Brother Gets 10-year Sentence

Thursday, December 20, 2012

The brother of imprisoned financier Bernard Madoff has been sentenced in New York to 10 years in prison for crimes committed in the shadow of his notorious sibling.

Comment

The Leonard Lopate Show

Stephanie Madoff Mack on The End of Normal

Wednesday, November 16, 2011

Stephanie Madoff Mack, the widow of Mark Madoff and daughter-in-law of Bernard Madoff, talks about living through a public crisis and her own personal tragedy. Her memoir The End of Normal tells what happened to her family when the news of Bernard Madoff’s Ponzi scheme broke. After learning that their father's wealth management company was "all just one big lie," Mark and Andrew Madoff turned their father in and cut off all communication with both parents. Mark could not overcome his sense of betrayal and shame, and he took his own life.

Comments [40]

WNYC News

Lawyers For Madoff Victims' Trustee Back in Court

Thursday, November 10, 2011

Attorneys for the trustee who represents victims of Bernie Madoff head back to Manhattan federal court Thursday. 

Comments [3]

The Takeaway

Madoffs Attempted Suicide After Confession

Thursday, October 27, 2011

Ruth Madoff, wife of disgraced financier Bernard L. Madoff, says the couple attempted suicide on Christmas Eve 2008, shortly after he confessed to running the largest Ponzi scheme in history. "We were both so saddened by everything that had happened," Ruth Madoff said in an interview with The New York Times. "It was unthinkable to me: hate mail, phone calls, lawyers." Diana Henriques, reporter for The New York Times and author of the Madoff book, "The Wizard of Lies," interviewed Ruth Madoff, and tells The Takeaway what they discussed.

Comment

WNYC News

Madoff Victims Get Payouts

Wednesday, October 05, 2011

Victims of Bernard Madoff's Ponzi scheme are getting some of the money back.

Comments [1]

The Brian Lehrer Show

Mets and Madoff

Monday, May 23, 2011

Jeffrey Toobin, staff writer for The New Yorker and CNN legal analyst, reports on his talk with Mets owner Fred Wilpon about his relationship with Bernie Madoff.

"Madoff's Curveball" appears in this week's New Yorker.

Comments [1]

WNYC News

Financial 411: Weekly Business Roundup

Friday, May 20, 2011

Gay marriage, Conde Nast, the TV "upfronts," and the Mets and Madoff. We'll review this week's business and economic news.

Comment

WNYC News

Financial 411: New Trends at the Toy Fair

Wednesday, February 16, 2011

The Westminster Kennel Club isn't the only show in town this week. We'll get the latest news for the littlest consumers from the American International Toy Fair at the Javits Center.

Comment

WNYC News

Mets Owners Knowingly Made $300M Off Madoff Scheme, Trustee Says

Friday, February 04, 2011

The owners of the New York Mets turned a blind eye to Bernie Madoff's Ponzi scheme, reaping about $300 million in phony profits from that were used to fund the day-to-day operations of the baseball team, documents unsealed in a Manhattan court accused on Friday.

Comment

WNYC News

Financial 411: Wal-Mart Controversy Reaches City Hall

Thursday, February 03, 2011

Madoff Saga Continues

Bernie Madoff has been in jail for more than two years, but we haven't heard the last of the shakeout from his Ponzi scheme. The trustee trying to recover money for bilked investors said executives at JP Morgan Chase knew there were concerns that he was running a massive fraud but ignored the warnings. A lawsuit filed in December has just been unsealed. It says the trustee is seeking $6.4 billion from JP Morgan. The bank said the suit is "meritless" and "based on distortions of both the relevant facts and the governing law."

Comment

WNYC News

Mets' Owners Mull Selling Part of Team

Friday, January 28, 2011

The Mets' owners may sell a stake in the team because a lawsuit related to their investment with Ponzi schemer Bernie Madoff has created financial insecurity, the family said Friday.

Comment

WQXR News

Former Madoff Employee's Property For Sale

Thursday, June 24, 2010

Property from the Morris Plains, New Jersey home of Frank DiPascali, Bernard Madoff's former finance chief, will be auctioned off on Friday, the same week DiPascali was released on $10 million bail.

Comment

The Takeaway

One Year After Madoff's Arrest

Friday, December 11, 2009

Hard to believe, but it's been one year since Ponzi scheme 'mastermind' Bernie Madoff was arrested for scamming over $50 billion from investors. We thought it'd be the perfect time to check in and see how Madoff's victims and associates are doing, one year after his arrest. Aaron Lucchetti is a reporter for The Wall Street Journal whose latest article says the Madoff sons are having an incredibly hard time finding themsleves new jobs. Cynthia Crane was one of Madoff's many victims; she decided to adapt her story for the theatre in a show titled, "John Denver, Bernie Madoff, and Me."

Comment

The Takeaway

SEC: We Blew It on Bernie

Thursday, September 03, 2009

S.E.C. Inspector General David Kotz released a report stating that the agency had missed numerous opportunities to bust Bernie Madoff and his 16-year Ponzi scheme. Madoff's scam cost investors billions of dollars, shuffling money away from retirement funds, charitable donations, and trusts. Madoff is currently serving a 150-year sentence for his crimes, but what can the S.E.C. do to redeem themselves? We talk to David Scheer, S.E.C. reporter for Bloomberg News.

Comments [1]

The Takeaway

Writing (another) Book on Madoff

Tuesday, August 25, 2009

While newspapers and magazines have lined their pages with details of Bernie Madoff's deceit, the literary world is still trying to cash in on the embezzlement drama. The sixth book on the life and times of the convicted Ponzi schemer hits bookstores today.

The book was penned by Sheryl Weinstein, former CEO of Hadassah, the Women’s Zionist Organization of America, and one of Madoff’s investors. We speak to Motoko Rich, who covers the publishing industry for The New York Times, along with author and journalist Erin Arvedlund, whose book “Too Good to be True: The Rise and Fall of Bernie Madoff” just came out this month.

Comment

On Being

Paul Zak — The Science of Trust: Economics and Virtue [remix]

Thursday, July 09, 2009

In a few breathtaking months, we've culturally moved from seeing Wall Street as an icon of thriving civil society to discussing its workings with book titles like House of Cards and Animal Spirits. As part of our ongoing Repossessing Virtue series, we loo

Comment

On Being

[Unedited] Paul Zak with Krista Tippett

Thursday, July 09, 2009

In a few breathtaking months, we've culturally moved from seeing Wall Street as an icon of thriving civil society to discussing its workings with book titles like House of Cards and Animal Spirits. As part of our ongoing Repossessing Virtue series, we loo

Comment

The Takeaway

Show Us the Money: Getting Payback for Madoff Victims

Tuesday, June 30, 2009

Bernie Madoff was sentenced yesterday to the maximum term of 150 years, but what happens to any remaining wealth, and what can his victims do to get some of their money back? Diana Henriques, a senior financial writer for The New York Times has been following this story and joins The Takeaway.

Comments [1]