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.
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.
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.
Friday, February 04, 2011
By Lisa Chow
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.
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."
Thursday, June 24, 2010
By Annmarie Fertoli : Associate Producer at WNYC
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.
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."
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.
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.
Thursday, July 09, 2009
Thursday, July 09, 2009
Tuesday, June 30, 2009