Monday, March 24, 2014
Five former employees of imprisoned financier Bernard Madoff were convicted Monday at the end of a six-month trial.
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.
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.
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.