Staff / TruthdigMar 14, 2009
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 13, 2009
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. Dig deeper ( 2 Min. Read )
Staff / TruthdigMar 11, 2009
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 28, 2009
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 27, 2009
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 18, 2009
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 6, 2009
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. Dig deeper ( 1 Min. Read )
Eugene Robinson / TruthdigJan 1, 2009
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. Dig deeper ( 3 Min. Read )
Staff / TruthdigDec 29, 2008
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. Dig deeper ( 1 Min. Read )
Satire by Andy BorowitzDec 29, 2008
Global markets swooned this week in reaction to photos showing that President-elect Barack Obama had lost his shirt. Dig deeper ( 1 Min. Read )
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