Bernard Madoff
Bernard Madoff was arrested in December 2008 for running a self-confessed "giant Ponzi scheme" that he perpetrated on advisory clients of his firm.
Madoff told two high level employees that his business was a fraud. He told these employees that he was "finished," that he had "absolutely nothing," that "it's all just one big lie," and that it was "basically, a giant Ponzi scheme." Madoff had for years been paying returns to certain investors out of the principal received from other, different investors. Madoff estimated the losses from this fraud were at least $50 billion.
Madoff founded the firm in 1960 and has been a prominent member of the securities industry throughout his career. Madoff served as vice chairman of the NASD, a member of its board of governors, and chairman of its New York region. He was also a member of NASDAQ Stock Market's board of governors and its executive committee and served as chairman of its trading committee.
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Testimony From Victims at Madoff Sentencing
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Judge Throws the Book at Monster Madoff
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Madoff's Lawyer Asks For Less-Than-Life, Says Madoff Will Speak Of His Shame
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Court Adjourns Madoff Sentencing til June 29 -CNBC
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D.E. Shaw Has Inside Track To Buy Madoff Securities
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SIPC Prepares For "Net Equity" Battle In Madoff Case
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Massachusets Regulators Charge Madoff Feeder, Fairfield Greenwich, with Fraud -WSJ
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Madoff's Brother, Peter, Loses Attempt to Have Assets Unfrozen
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Ruth Madoff received $2 million from Madoff's U.K. business in November, U.K. investigators say - WSJ
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Geithner Outlines Part 1 Of Sweeping Financial Regulatory Reform: Systemic Risk
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Geithner's Testimony To Congress On Financial Regulatory Reform
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Madoff Bid for Freedom Until Sentencing Denied By Court - Bloomberg
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Madoff's Accountant Gets His Just Dues
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Stocks Up Again, Dow Up Nearly 10% In Three Days
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Madoff Jailed by US Judge in Manhattan Pending Sentence -Bloomberg
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Judge Formally Accepts Bernie Madoff's Guilty Plea
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Bernie Madoff Pleads Guilty, Admits He 'Deeply Hurt' Many People; Will Be Jailed Pending Sentencing on June 16
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Bernie Madoff Formally Pleads Guilty To All Charges
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Madoff claimed account balances of $64.8B, U.S. Says - Bloomberg
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Madoff Will Plead Guilty, Lawyer Says -Bloomberg
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Prosecutors File a Motion Indicating a Madoff Plea Deal is in the Works -WSJ
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Renaissance Technologies' James Simons Makes A Bad Move And Recommends Madoff
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Pre-Paid Legal (PPD) Down After Another Negative Report From Barry Minkow's Fraud Discovery Institute
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Madoff Trustee Says No Securities Were Bought for 13 Years
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SEC Charges Robert Stanford With Multi-Billion Dollar Fraud
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Complaint Filed Alleging Ruth Madoff Withdrew $15.5M in Funds Days Before Bernard Confessed
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Top 10 News Items 2/2-2/6: Geithner to Release Bailout Plan Monday; Unemployment Rate Jumps to 7.6%; BofA Reverses on Insider Buys
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Madoff Customer List Released; Pitcher Koufax, Madoff Lawyer Sorkin On List
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Madoff Trustee Picard Recovers About $300 Million In Securities - Bloomberg
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Madoff Whistleblower Harry Markopolos Feared For His Life
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Wells Fargo (WFC) Wealth Management Clients Took $294M Charge Related To Madoff
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Morgan Stanley (MS) Clients Reportedly Invested in Madoff Related Funds
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Aon (AOC) Sees Direct Insured Losses of ~$1.8B from Madoff Ponzi Scheme
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Madoff Bail Upheld by Federal Judge in New York -Bloomberg
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Top 15 For 2008 (No. 6): Hedge Fund Meltdown
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Madoff's Bail Won't Be Revoked, Judge Adds Restictions to Bail Terms
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Top 10 News Items 1/5-1/9: Unemployment Rate Spikes Over 7%; Corruption at Saytam Shocks Wall Street; Wal-Mart Cuts Q4 Outlook
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Marc Rich Confirms Insignificant Madoff Exposure
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Top 15 For 2008 (No. 8): Ponzi Scheme Renamed 'The Madoff'
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Bernie Madoff Raises $250 Million From His Mentor Right Before Collapse
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Bernard Madoff Remains Free On Bail Until Judge's Ruling - Bloomberg
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Bernard Madoff Should Be Imprisoned, Bail Revoked, U.S. Says - Bloomberg
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Madoff Accepted $10 Million From An Investor Less Than A Week Before He Was Arrested
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SIPC and Madoff Trustee Picard Issue Statement On Transfer of $29M In Funds
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Madoff's List of Hollywood Victims Grows
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Congress To Hold Hearing On Madoff Scam
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David Moenning's Daily State of the Markets: 12/29
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Top 10 News Items 12/22-12/26: GMAC Gets Bank Holding Status, Mortgage Applications Surge and Wall Street Suicide Tied To Madoff
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NYU Sues Ezra Merkin For Mishandling Funds Related To Madoff Scam
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Hedge Fund Manager Commits Suicide Related To Madoff Scam

