Madoff’s Victims Speak Out

Staff / Truthdig Mar 22, 2009 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. Dig deeper ( 2 Min. Read )

Madoff Accountant Arrested

Staff / Truthdig Mar 18, 2009 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. Dig deeper ( 1 Min. Read )

Madoff’s Businesses Worth $10M, Tops

Staff / Truthdig Mar 17, 2009 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. Dig deeper ( 1 Min. Read )

Madoff Wants Out of Jail … for Now

Staff / Truthdig Mar 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 )

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

Staff / Truthdig Mar 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 )

Madoff to Plead Guilty

Staff / Truthdig Mar 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 )

90-Year-Old Madoff Client Goes Back to Work

Staff / Truthdig Feb 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 )

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

Staff / Truthdig Feb 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 )

Six Degrees of Bernard Madoff

Staff / Truthdig Feb 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 )

An Insanity Plea for Madoff?

Staff / Truthdig Dec 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 )

Madoff Investor Found Dead in N.Y.

Staff / Truthdig Dec 24, 2008 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. Dig deeper ( 1 Min. Read )

Sex and the SEC

Staff / Truthdig Dec 20, 2008 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. Dig deeper ( 1 Min. Read )