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Tag: Bernard Madoff


‘The Luminous Heart of Jonah S.’ Excerpt: Raphael’s Son Disappears

Author Gina Nahai’s latest novel, “The Luminous Heart of Jonah S.,” is a family epic that leaps from Tehran to Los Angeles and back again, blending murder mystery, history, myth and magic in a lively and lyrical read.

Posted on Nov 16, 2014 READ MORE



Wikimedia Commons: U.S. Department of Justice / Georges Biard (CC-BY-SA) / U.S.

De Niro to Morph Into Madoff

The spectacular flameout of Bernard Madoff after the big reveal of his fraudulent financial empire played out like Shakespeare for the 21st century, and master actor Robert De Niro was clearly paying attention.

Posted on Nov 7, 2011 READ MORE


Madoff
AP / Louis Lanzano

Madoff’s Regrets

Ponzi schemer Bernard Madoff’s got nothing but time as he serves his sentence in a North Carolina prison for defrauding a vast network of clients out of billions of dollars, and he’s apparently not averse to spending some of it sitting for interviews that aren’t likely to help his standing much.

Posted on Oct 27, 2011 READ MORE


Madoff
AP / Louis Lanzano

Madoff Speaks

It’s hard to believe that it has already been two years since the implosion of Bernie Madoff’s devastating Ponzi scheme, and it’s hard to comprehend why the fallen financier would choose this moment to unburden himself to New York magazine’s Steve Fishman ...

Posted on Mar 1, 2011 READ MORE


Madoff pleads guilty
AP / Louis Lanzano

JPMorgan Chase Execs Doubted Madoff Before the Fall

It appears that some higher-ups at JPMorgan Chase were on to fraudster Bernie Madoff nearly two years before the catastrophic implosion of his Ponzi scheme, but said execs didn’t take this knowledge as reason enough to stop doing business with him.

Posted on Feb 3, 2011 READ MORE



Russia Today via YouTube

Vladimir Putin Will Now Take Your Questions

In a sort of Russian-style town hall meeting, Prime Minister Vladimir Putin fielded questions Thursday about his government’s policies and practices in a lengthy televised session (running time: 4 hours and 29 minutes) that included the cheeky query, “How is your puppy, Buffy?”

Posted on Dec 16, 2010 READ MORE


Madoff
AP / Jason DeCrow

Legal Trouble Spreads to Madoff Family Members

Fallen financier Bernard Madoff’s brother, sons and niece are now in legal hot water after a court-appointed trustee filed suit against them on Friday for allegedly pocketing “ill-gotten gains” they received from Madoff’s fraudulent business ventures, according to The Wall Street Journal.

Posted on Oct 2, 2009 READ MORE


‘Lebanon’s Madoff’ Goes Bankrupt After Bouncing Check to Hezbollah

Everyone trusted Salah Ezzedine. A billionaire Shiite Muslim businessman and financier from southern Lebanon, he organized pilgrimages to Mecca, ran a major Beirut publishing house and a children’s television station, held major investments in east European oil and iron conglomerates and—much more to the point—was a close personal friend of very senior leaders of Hezbollah.

Posted on Sep 7, 2009 READ MORE


Madoff
AP / Louis Lanzano

SEC Missed Multiple Opportunities to Bust Madoff

It was a sad case of too little, too late when it came to the Securities and Exchange Commission’s readings of Bernie Madoff’s now-collapsed house of cards. On Wednesday, the SEC released a report about Madoff’s massive financial boondoggle, detailing the many moments in which chances were missed to stop the damage from spreading as far as it did.

Posted on Sep 2, 2009 READ MORE


Madoff pleads guilty
AP / Louis Lanzano

The Other Bernie Madoff Affair

Bernard Madoff’s connection with the New York-based Jewish charity Hadassah has become fraught above and beyond the economic level since the organization’s CFO, Sheryl Weinstein, claimed that she and the fallen financier had an affair, which she details in her upcoming memoir, “Madoff’s Other Secret: Love, Money, Bernie, and Me.”

Posted on Aug 14, 2009 READ MORE



AP / Louis Lanzano

Madoff’s Amazing Disgrace

Despite several occasions when he thought he had been nailed by the SEC, Bernard Madoff continued with his Ponzi scheme, revealing in his first jailhouse interview that he was “amazed” that he got away with it for so long. Madoff spoke to lawyers about his financial larceny Tuesday, during which he was called both candid and an “absolute gentleman.”

Posted on Jul 29, 2009 READ MORE


ENTER_ALT_TEXT

Bethany McLean on Madoff

Amy Goodman talks with Bethany McLean, pictured, a contributing editor at Vanity Fair and one of the journalists responsible for exposing the Enron scandal in 2001, about Bernie Madoff and what his 150-year sentence means on Wall Street. Check out this clip from Tuesday’s “Democracy Now!”

Posted on Jun 30, 2009 READ MORE


Merkin
panacheprivee.com

Cuomo Sues Madoff’s ‘Middleman’ Over $2.4B Handoff

Manhattan financier and art aficionado Ezra Merkin may pay a high price for passing some $2.4 billion of his own clients’ money to Bernard Madoff, if New York Attorney General Andrew Cuomo has his way in the matter.

Posted on Apr 6, 2009 READ MORE


toxic schmoxic
AP photo / Mary Altaffer

In for a Penny, In for $2.98 Trillion

The good news on the government’s “No Banker Left Behind” program is that, according to the special inspector general’s report on Tuesday, the total handout to date is still less than 3 trillion dollars. It’s only $2.98 trillion, to be precise, an amount six times greater than will be spent by federal, state and local governments this year on educating the 50 million American children in elementary and secondary schools. 

Posted on Mar 31, 2009 READ MORE


Madoff
msrb.wordpress.com

Madoff’s Victims Speak Out

Some of them have only their homes, while others have no remaining assets and no means to earn income, but all of the former clients of Bernard Madoff (above) whose statements were made public by the government on Friday described in nightmarish terms their experiences since Madoff’s fraudulent investment empire crumbled.

Posted on Mar 21, 2009 READ MORE


Madoff estate
gawker.com

Mrs. Madoff Heading to Palm Beach

While her husband is entering a decidedly less lavish living arrangement, it appears that Ruth Madoff is getting ready to live the Palm Beach life in her $9.4 million spread in Florida—a state known for property laws that protect owners from losing their homes even when other assets are seized.

Posted on Mar 17, 2009 READ MORE


Smash-Me Bernie
minimemodelworks.com

Madoff’s Businesses Worth $10M, Tops

Although $10 million is a lot of money, it’s not much compared with $50 billion in lost investments. The $10 million figure represents the upper limit of the current value of Bernard Madoff’s businesses, which Madoff had valued at $826 million before his proverbial fall. It doesn’t look good for his defrauded investors’ chances of reclaiming much of their missing funds.

Posted on Mar 16, 2009 READ MORE


Madoff
AP photo / Jason DeCrow

Madoff Wants Out of Jail ... for Now

Citing such sketchy precedents as rulings in the cases of Enron’s Kenneth Lay and Jeffrey Skilling, Bernard Madoff’s legal team filed an appeal at a New York federal court on Friday requesting that their client be released on bail until he is sentenced on June 16.

Posted on Mar 13, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Madoff Hauled Off, Cramer Dressed Down

Once again, the economy is front and center on “Left, Right & Center”—and with good reason.

Posted on Mar 13, 2009 READ MORE


Madoff pleads guilty
AP Photo/ Louis Lanzano

Madoff: ‘Deeply Sorry,’ ‘Ashamed,’ Guilty

The country’s most notorious scam artist, Bernard Madoff, pleaded guilty on Thursday to fleecing thousands of investors out of as much as $65 billion at the New York District Courthouse, where several of his defrauded clients turned up to hear him speak.

Posted on Mar 12, 2009 READ MORE


Madoff
AP photo / Louis Lanzano

Madoff to Plead Guilty

It’s not as though he has many other options, but alleged fraudster Bernie Madoff is preparing to plead guilty on Thursday to swindling thousands of clients out of as much as $50 billion in investments.

Posted on Mar 10, 2009 READ MORE


Thiermann

90-Year-Old Madoff Client Goes Back to Work

Even though this CBS report seems to want to make a feel-good story out of this one, it’s more the stuff of nightmares, despite 90-year-old Ian Thiermann’s good-natured take on his fate. After being retired for 30 years, Thiermann discovered that he’d lost his entire retirement fund due to Bernie Madoff’s shenanigans, and now Thiermann is working for $10 an hour in a California supermarket.

Posted on Feb 27, 2009 READ MORE


Monopoly Man
amnesta.net

Wall St. Scams a Go-Go

This information should shock no one by this point, but it seems that there are more tales of alleged fraud emerging from the general direction of Wall Street. Move over, Bernie Madoff.

Posted on Feb 26, 2009 READ MORE


Smash-Me Bernie
minimemodelworks.com

Oh, Look ... You’ve Gone and Broken Your New Doll

Ah, capitalism. First, we had Ponzi schemer Bernard Madoff making big money off his clients, and now here comes ModelWorks, a toy manufacturer with an enterprising plan for how to profit off the failed financier in turn.

Posted on Feb 17, 2009 READ MORE


Bacon
seemoresplayhouse.com

Six Degrees of Bernard Madoff

Not that anyone else who suffered losses at the hands of failed financier Bernard Madoff is any less important, but it turns out that actor Kevin Bacon is one member of the vast network of investors in Madoff’s collapsed company, along with famed pitcher Sandy Koufax.

Posted on Feb 5, 2009 READ MORE


Madoff
AP photo / Jason DeCrow

An Insanity Plea for Madoff?

It might seem a stretch, but fallen financier Bernard Madoff’s legal team may be “exploring an insanity defense,” according to the New York Daily News.

Posted on Dec 28, 2008 READ MORE


Madoff Investor Found Dead in N.Y.

The co-founder of one of Bernard Madoff’s biggest corporate clients, Access International Advisers, was found dead of an apparent suicide on Tuesday morning in his New York office.

Posted on Dec 23, 2008 READ MORE


Left, Right & Center

‘Left, Right & Center’: Crash of the Titans

Bernie Madoff made a big mess, and Detroit’s Big Three drove themselves to the brink. So what’s the good news this week—Caroline Kennedy’s auspicious entrée into her famous family’s political biz?

Posted on Dec 19, 2008 READ MORE


SEC logo
blog.kir.com

Sex and the SEC

Turns out that certain employees at the Securities and Exchange Commission weren’t just asleep at the wheel, as it were, when they should have been paying more attention to Bernard Madoff’s worrisome investment activities.

Posted on Dec 19, 2008 READ MORE


Obama appointees
AP photo / Gerald Herbert

Tough Road Ahead for New Economic Appointees

On Thursday, President-elect Barack Obama introduced three top financial appointees who will help him with the unenviable task of revamping the government’s economic regulatory system and “crack[ing] down on this culture of greed and scheming that has led us to this day of reckoning,” as Obama put it.

Posted on Dec 18, 2008 READ MORE


Horlick
epws-shanghai.org

Wealthy Investors Lose Fortunes in Wall Street Scam

Although the full extent of the damage from broker Bernard Madoff’s alleged super-swindle has yet to be determined, it’s clear by now that the collapse of his vast pyramid scheme may spell utter disaster for several of his top investors—some of whom might not know yet that they’re broke.

Posted on Dec 13, 2008 READ MORE


Madoff
streetinsider.com

Top Broker Busted for $50B ‘Ponzi Scheme’

Here’s yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, was arrested this week after his sons turned him in for engineering an elaborate “Ponzi scheme.”

Posted on Dec 12, 2008 READ MORE


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