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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
AP / Louis Lanzano

Billions More for Madoff Victims

The cash pot available to compensate victims of Bernie Madoff’s massive Ponzi scheme has grown by $7.2 billion after a settlement was reached with the estate of a Palm Beach client of the Wall Street shyster.

Posted on Dec 17, 2010 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


Welcome to the Next 150 Years

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Posted on Jul 1, 2009 READ MORE



AP photo / Louis Lanzano

The Root of Madoff’s Evil

Bernard Madoff should be exhibit A in why the dark world of totally unregulated private money managers and hedge funds should be opened to the light of systematic government supervision. Instead, he is being treated as an aberrant menace.

Posted on Jul 1, 2009 READ MORE


Smash-Me Bernie
minimemodelworks.com

Madoff Investors Under Investigation

File under “honor among thieves?” A group of prominent investors in Bernard Madoff’s failed financial enterprise are being investigated by the U.S. attorney’s office in New York City for allegedly playing Madoff’s fraudulent system to their advantage.

Posted on May 18, 2009 READ MORE


Money Bags
U.S. Department of Justice

Madoff Accountant Arrested

David Friehling, the accountant of Bernard Madoff (pictured above), was arrested Wednesday on charges of securities fraud. Friehling is the first alleged accomplice to be named by authorities in connection with Madoff’s $65 billion Ponzi scam, though the accountant was charged with auditing failures, not direct participation in the scheme itself.

Posted on Mar 18, 2009 READ MORE


One Bad Apple

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Posted on Mar 16, 2009 READ MORE


Swindler of the Year

In a sense, we’re all Bernie Madoff. We’ve been running our economy in accordance with his accounting principles for a generation—and now we face a most unpleasant reckoning.

Posted on Dec 31, 2008 READ MORE


Shirtless President-Elect Creates Crisis of Confidence

Global markets swooned this week in reaction to photos showing that President-elect Barack Obama had lost his shirt.

Posted on Dec 28, 2008 READ MORE


Workers Laid Off, Executives Paid Off, Bernard Madoff

Bernard Madoff’s criminal pyramid scheme, in which losses are expected to be $50 billion, paints a grim picture—unless you are a corporate executive. Read the fine print. Of the TARP bailout funds, only those that were technically spent “in an auction” carry limits on executive pay.

Posted on Dec 16, 2008 READ MORE


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