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Ponzi Scheme

WNYC News

Five Madoff Ex-Workers Convicted in Case's First Trial

Monday, March 24, 2014

Five former employees of imprisoned financier Bernard Madoff were convicted Monday at the end of a six-month trial.

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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.

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The Brian Lehrer Show

Massive Madoff Payment

Friday, September 21, 2012

Bernard Madoff’s victims will receive $2.48 billion to help cover their losses, in checks ranging from $1,784 to $526.9 million that were mailed Wednesday to 1,230 of his former customers. Irving Picard, trustee in charge of liquidating Bernard L. Madoff Investment Securities and David J. Sheehan, Picard's chief counsel, discuss the payments and the ongoing effort to recover money from Madoff's Ponzi scheme.

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The Takeaway

Getting in the Minds of Con-Artists

Thursday, August 23, 2012

Spending almost 10 years diving into the minds of those who have collectively carried out over a 100 Ponzi schemes, law professor Tamar Frankel wrote her findings to unfold more of the psychology of these schemers.

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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.

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The Takeaway

Is Social Security a 'Ponzi Scheme'?

Tuesday, September 13, 2011

Texas governor and GOP presidential hopeful Rick Perry branded Social Security a "Ponzi scheme" and "a monstrous lie" during last week's Republican debate in California. Traditionally, Social Security is usually a topic candidates shy away from, out of fear of losing the support of elderly voters. Perry's fellow candidates used his statements as ammunition against him during last night's Tea Party-sponsored debate.

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