Bernard Madoff
Latest Bernard Madoff News
-
Today in History
partner of disgraced financier Bernard Madoff pleaded guilty to charges he'd documents for years, but Peter Madoff insisted he knew nothing about his brother's massive Ponzi scheme. (Peter Madoff was later sentenced to 10 years
-
Today in History
election. New York Attorney General Eric Schneiderman announced a settlement that would bring $405 million to victims of Bernard Madoff 's historic investment scam. Today's Birthdays: Actor Al Molinaro is 94. Comedian Jack Carter is 90. Rock singer
-
Madoff Victims Can't Sue Big Banks, Court Rules
from recovering money for victims of Bernard Madoff 's mammoth fraud from major financial millions of dollars in fees to process Madoff 's investor money while ignoring obvious warning signs of fraud. Madoff is serving a 150-year prison sentence
-
SEC Not Liable for Missing Bernie Madoff : Court
lost billions in Bernie Madoff 's infamous Ponzi scheme may be angry number of defrauded Madoff clients who argued adequately investigate Bernard Madoff despite numerous The Secret World of Bernie Madoff The judges said they
-
Rebecca Jarvis Joining ABC News
Exchange, NASDAQ and NYMEX. You may also have seen her on MSNBC and NBC News covering the financial crisis, from the Madoff scandal to the collapse of Bear Stearns and Lehman Brothers and the sale of Merrill Lynch. A superb writer, interviewer
-
Jodi Arias' Amnesia Defense Fails to Convince at Least One Expert
prosecutor's hands. "Martinez had Jodi Arias for dinner and he ate this guy for dessert. It is as if Jodi Arias was Bernie Madoff and [Samuels] would have invested his life savings in what she is telling him. That's where he made his mistake
News
-
GOP: Re-Boot, Re-Brand, Re-Think (The Note)
may have compared the president to Bernie Madoff , but she also went after Washington Obama to white-collar criminal Bernie Madoff , mocking New York Mayor Michael which is like saying Bernie Madoff was a good salesmen. The difference
-
Sarah Palin Compares Obama to Bernie Madoff , Sips From a Big Gulp and Jokes About Her (Gun) 'Rack'
comparing President Obama to white-collar criminal Bernie Madoff , mocking New York Mayor Michael Bloomberg for his support nominee said, referring to Obama, "which is like saying Bernie Madoff was a good salesmen. The difference being, the president
-
China Fraud Accusations: Wesley Clark's Ex-Firm Faces Questions
suspicious stock offerings, which some officials believe represent collectively one of the largest financial scams since Bernie Madoff . Authorities told ABC News that firms serving as middle men who helped promote the Chinese companies are now in the
-
Livestrong, Others React to Lance Armstrong Interview With Oprah Winfrey
called Armstrong's admitting that he used performance-enhancing drugs "a major miscalculation." "This is like Bernie Madoff coming back after three months or Richard Nixon coming back after three months. No one wants to hear from those people
-
US Officials: China Refuses to Help Stop Investment Scams
the suspect Chinese investments. Prosecutors in the Bernie Madoff case calculated that his investors lost about $20 billion in his decades-long Ponzi scheme. Schapiro said the SEC opened 40 cases against
-
SEC Chairwoman Mary Schapiro Relinquishes Post
she has improved the agency from where it was in 2008, when, among the agency's many failures, it missed the Bernie Madoff Ponzi scheme. Obama has named SEC commissioner Elisse Walter - a George W. Bush appointee - to chair the agency going
-
Meningitis Outbreak: Restoring Confidence in the Drug Industry
few years ago are caused by rogues. Every industry has its offenders and rogues. The world of asset management had Bernie Madoff ; Washington lobbyists and political advisors had Jack Abramoff; and football coach Jerry Sandusky is now deservedly
Videos
-
Bernie Madoff and Wife Attempted Suicide
life savings and turned Bernie Madoff . Into one of the most late today we learned Bernie Madoff wife Ruth says she and lot about the biggest Ponzi scheme in American history her interview Ruth and Bernie Madoff tried to kill themselves
shattered so many lives robbed people of their life savings and turned Bernie Madoff . Into one of the most reviled names in America and late today we learned Bernie Madoff wife Ruth says she and her husband. We're so crushed by the scandal they tried to take their own lives. It's a statement that has provoked a turbulent reaction from those who know a lot about the biggest Ponzi scheme in American history. And ABC's chief investigative correspondent Brian Ross has been on the story from the very beginning He wrote the book on the -- DOS. And He begins our newscast tonight. According to her interview Ruth and Bernie Madoff tried to kill themselves on Christmas C in this New York City penthouse apartment. It was just two weeks after Madoff had been arrested and his thousands of victims realized He had cheated them out of billions of dollars. Ruth Madoff admitted the suicide plan to CBS news sixty minutes. I don't know who and whose idea was. What we decided to kill -
Bernie Madoff and Wife's Suicide Pact
Stunning new revelation in the story of Bernard Madoff the man behind the colossal Ponzi scheme that bilked thousands of has reported extensively on the Madoff case. Joins us now Brian. Soviet mrs. Madoff is now saying that the shame of
Stunning new revelation in the story of Bernard Madoff the man behind the colossal Ponzi scheme that bilked thousands of people. Out of millions of dollars tonight his wife of more than fifty years. Silent since his arrest has spoken for the first time about it publicly ABC's Brian Ross who has reported extensively on the Madoff case. Joins us now Brian. Soviet mrs. Madoff is now saying that the shame of being Bernie and Ruth Madoff actually led the couple to try suicide. So while there may be some who doubt her new version of events there is no doubt that this is a family that has been torn apart. Bernie and Ruth Madoff tried to kill themselves on Christmas C in this New York City penthouse apart. He was just two weeks after Madoff had been arrested. And his thousands of victims realized He had cheated them out of billions of dollars. They both face death -
Bernie Madoff Goes on the Record
Bernie Madoff the man who perpetrated twenty billion dollar Ponzi scheme has spoken after the suicide of Madoff son mark in December people's In fact Madoff actually blames his impossible to stop the Ponzi scheme. I tried to
Bernie Madoff the man who perpetrated that twenty billion dollar Ponzi scheme has spoken on tape. From the federal prison in North Carolina where He was sentenced to 150. Years. But what He -
Peter Madoff Arrested in Alleged Ponzi Scheme
his older brother Bernie Madoff as the company's books and although Bernie Madoff maintained that his multi billion dollar Ponzi scheme. Peter Madoff is pleading guilty third anniversary of Bernard Madoff . Going to prison
And it -- prison time for the brother Bernie Madoff Peter Madoff but that's not all that he's facing when he appears in a Manhattan courtroom later today -- -- decision -- -- Marci Gonzalez live -- Manhattan with all the details morning -- Good morning -- Peter -- Madoff is taking a plea deal. And along with what is expected to be a ten year prison sentence he will have to forfeit all of his assets all of that money will go to Madoff victims. Many of whom believe this punishment. Is far too lenient. This 66 year old Peter Madoff worked for his older brother Bernie Madoff as the company's compliance officer which means it was -- -- job. To check the books and although Bernie Madoff maintained that his brother knew nothing of the multi billion dollar Ponzi scheme. Peter Madoff is pleading guilty to two charges related to the scheme. He admits to conspiracy to commit securities fraud by among other things making false statements to investors he's also pleading to a charge of falsifying records. And while other Madoff employees have been charged in this scheme. Peter Madoff is now the first of -- relatives to face charges and today's court date comes on the third anniversary of Bernard Madoff Going to prison to serve a 150. Year sentence Peter Madoff is expected -- in court. At 11 AM. -
Bernie Madoff's Brother Pleads Guilty
to the days since Bernie Madoff was sent to prison paid back. Peter Madoff met his fate in reports that kept his Ponzi scheme hidden from Even as adults as Bernie Madoff gained fame as a prison. Bernie Madoff remains at the federal
made off tonight another major development three years to the days since Bernie Madoff was sent to prison tonight -- younger brother Peter arrested for his role in the scheme. What was -- roll back Brian Ross on that and we also learned just how much of the millions stolen has now been paid back. Peter Madoff met his fate in court today three years to the day after his older brother Bernie. -- sentenced to prison for 150 year. In Peter's case he agreed to a sentence of ten years in prison. After pleading guilty to falsifying the compliance reports that kept his -- Ponzi scheme hidden from regulators. But he told the judge today he did not realize his brother was running a massive fraud until the very end. I was in total shock -- said. My world was destroyed I lost everything. Growing up in the New York Borough of queens -- was always the kid brother here standing proudly next to burning in a family photo. Even as adults as Bernie Madoff gained fame as a supposedly brilliant Wall Street investor Peter was the other -- Never made a partner but still loyally following Bernie for forty -- into his life of luxury and crime. I did as my brother had said as I had consistently done for decades Peters said today. Now he will follow his brother to prison. Bernie Madoff remains at the federal prison in Butler North Carolina where other inmates say he has emerged as a respected member of his cell block. Often sought out for -- financial advice. -- and -- with a -- desk now we were all surprised has been three years since Bernie Madoff was sent away and curious how much of the billions has been -- back to these investors well about twenty billion apparently disappeared and they have recovered a more than nine it's almost fifty cents on the dollar. And they'll be even more now with Peter Madoff was agreed to forfeit all his homes including homes in Palm Beach and here on park avenue in his Ferrari. -- all -
Bernie Madoff Talks to the Press
arrived in prison Bernard Madoff is breaking his silence about his Ponzi scheme his victims a bit agitated. Madoff did business of some blindness to his Ponzi scheme. They had know. Previously Madoff had told the court
A year and a half after He arrived in prison Bernard Madoff is breaking his silence about his Ponzi scheme his victims and his family. The mastermind of the twenty billion dollar fraud talked to the New York Times since -- He sure. There are a lot of people who were complicit who saw when He was doing but look the other way. Chief investigative correspondent Brian Ross has been on the Madoff story since day one. The interview took place Tuesday at this federal prison and -- North Carolina. Madoff had not spoken on the record since He arrived here in shackles and a blue jumpsuit in July 2009. -- -- Diana Enrique is describing it off as noticeably slimmer and frail and a bit agitated. Madoff did business of some of New York's biggest banks and hedge funds and without naming any specific one. He accused them of willful blindness to his Ponzi scheme. They had did know He said but the attitude was sort of if you doing something wrong we don't want to know. Previously Madoff had told the court falsely that He pulled off the entire scheme by himself. But. Since then several top employees have been -
Bernie Madoff , Romance Lover
He's now reading. Bernie Madoff . Professor of ethics for the biggest Ponzi scheme ever claims says it's true. Madoff also says He passes The interview Bernie Madoff gave to the Financial pushed him into the Ponzi scheme. And He
Man who built so many investors out of 65 billion dollars Bernie Madoff . Is back in the news tonight with some rather startling claims it tonight -- the money management job He now has and the romance novels. He's now reading. -- -- -- -- Bernie Madoff . Professor of ethics from prison the man responsible for the biggest Ponzi scheme ever claims two of the nation's top business schools Harvard and northwestern. Have approached him to work on ethics courses. Neither school says it's true. Madoff also says He passes his time reading romance novels by Danielle Steele but he's also busy constructing a story of his own. -- loves talking -- clubs telling stories. And clearly wanted to have a hand in shaping his own legacy. The interview Bernie Madoff gave to the Financial Times was his second in as many months. In it He says He takes full responsibility. But He also calls others complicit He says for big clients pushed him into the Ponzi scheme. And He says big banks could have seen it coming some tried to spread the blame and that much is clear. The families of made -- clients and the banks deny wrongdoing though they had been targeted by the trustee trying to recover money for victims. I never got the sense that He really felt and was was deeply sorry for the smaller investors in particular. That. That that He wiped out. One of those investors is Judith Welling. Who told us she's heard quite enough from Bernie Madoff . He's a comment I mean how could you take anything He says. Seriously. Madoff has been talking to a psychologist and taking antidepressants. For days a week He runs the commissary. Known around the prison as





















