Madoff Appeals Jailing, Seeks Release Until Sentencing in June Bernard Madoff’s lawyers, seeking to have the convicted money-manager released from a high- security prison before he’s sentenced in June, asked a federal appeals court to set aside a judge’s order that he be jailed.
Madoff Jailing Prompts Cheers From Investors in Courtroom Dozens of investors, after hearing Bernard Madoff’s admission that he ran a $65 billion Ponzi scheme in which he lied and stole for decades, applauded in federal court in New York as he was handcuffed and led to jail.
'Yes, Your Honor': Bernard Madoff's Courtroom Confession of Ponzi Scheme Bernard Madoff pleaded guilty yesterday to 11 criminal counts, admitting that he operated a $65 billion Ponzi scheme while lying to investors and regulators for years.
Life in Jail for Madoff Means Inmates Who Blame Money Man for Family Ruin Bernard Madoff, who pleaded guilty today to masterminding the largest Ponzi scheme in history, was sent by a federal judge to the Metropolitan Correctional Center, a “horrendous” jail in lower Manhattan that houses swindlers and murderers.
Bernard Madoff's Criminal Charges: Summary of the 11 Counts Against Him Bernard Madoff was charged March 10 in federal court in Manhattan with 11 counts related to the largest Ponzi scheme in U.S. history. Prosecutors detailed the charges in a 25-page criminal information.
Madoff's Refusal to Admit Conspiracy Said to Have Scuttled U.S. Plea Deal Bernard Madoff, facing a lifelong sentence for the largest Ponzi scheme in history, didn’t agree to a plea deal with prosecutors because of their demand that he admit to a conspiracy, a charge that would require him to say he worked with others, said people familiar with the matter.
London Police Battle Huge Rise in Fraud, 'Mini Madoffs' as Recession Bites Police in London’s financial district are battling a “massive” increase in fraud as the recession bites and lures more people into crime.
Madoff Losses Sap Fortune Left by Depression Era `King of Shrink' Scheuer Simon “Sy” Scheuer sought to ensure his fortune would outlive him. It did, and then some of it wound up with Bernard Madoff.
Madoff-Triggered Tax Increase Preserves Pensions in Connecticut Bernard Madoff is raising taxes in Fairfield, Connecticut.
Madoff Will Plead Guilty in Ponzi Scheme as U.S. Focus Turns to Employees As Bernard Madoff prepares to plead guilty to the biggest Ponzi scheme ever, prosecutors shed new light on how subordinates may have helped him swindle clients across the globe out of $65 billion over at least two decades.
Madoff Employees Helped Dupe Investors, U.S. Prosecutors Say U.S. prosecutors shed new light yesterday on how they believe Bernard Madoff’s subordinates helped him operate a $64.8 billion Ponzi scheme, without saying whether those employees knew they were defrauding investors.
Madoff Fraud Victims May Recoup Taxes for 13 Years Under Proposed U.S. Law Investors who paid taxes on “phantom” profits from Bernard Madoff’s alleged Ponzi scheme since 1995 would be able to seek refunds from the Internal Revenue Service under congressional legislation proposed today.
Madoff Lawyer Ira Sorkin Invested $18,860 With Madoff Ira Sorkin, the lawyer for accused fraudster Bernard Madoff, invested $18,860 with his client in the early 1990s through a retirement account, prosecutors said in a letter to a federal judge filed in court today.
Santander's Madoff Offer May Give Anonymity to Some Investors Banco Santander SA, Spain’s biggest bank, is offering some clients with Bernard Madoff-related losses a new compensation contract that may boost acceptance among customers with undeclared investments.
Reversal in Police Assault May Provide Basis for Madoff Appeal U.S. District Judge Denny Chin’s decision to permit Bernard Madoff to set aside the potential conflict of interest faced by his lawyer was similar to a ruling that was overturned by a federal appeals court in one of New York City’s most notorious police-brutality cases.
Ruth Madoff, Wife of Accused Money Manager, Will Hire Lawyer The wife of accused con artist Bernard Madoff plans to hire her own attorney, according to a lawyer at the firm that has represented the couple.
Bernard Madoff to Face New Charges, May Be Nearing Plea Deal Bernard Madoff, the alleged mastermind of a $50 billion Ponzi scheme, may be nearing a guilty plea after federal prosecutors filed a notice that they intend to bring new criminal charges against the New York money manager.
Stanford Judge Releases Frozen Accounts of Less Than $250,000 Most Stanford Group Co. investor accounts valued at less than $250,000 should be immediately released from a court-imposed freeze in an $8 billion fraud investigation, a federal judge ruled.
SEC to Overhaul How It Responds to Whistleblowers, Public Tips The U.S. Securities and Exchange Commission will scrutinize its process for reviewing tips after lawmakers said the agency mishandled public warnings that Bernard Madoff was running a Ponzi scheme.