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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StreetInsider.com's Best of the Web 9/11
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Fairfield Greenwich Looks To Correct Distortions Regarding Madoff Call
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StreetInsider.com's Best of the Web 9/10
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Madoff Feeder Fairfield Greenwich Reaches Settlement In Massachusetts
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The SEC Had Plenty of Opportunities To Uncover The Bernie Madoff Ponzi Schme
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SEC Inspector General Says SEC Fumbled Five Probes of Bernard Madoff
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Bernie Madoff Does Not Have of Cancer
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Monster Madoff Has Big 'Casino'
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The WSJ Reported That Bernie Madoff Is Dying of Cancer
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StreetInsider.com's Best of the Web 8/17
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StreetInsider.com's Best of the Web 8/12
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Bernard Madoff's Right Hand Man Frank DiPascali Pleads Guilty
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U.S. Charges DiPascali with Conspiracy, Securities Fraud, Investment Adviser Fraud
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SEC Lays Down The Law, But Bank of America (BAC) Responds Quickly
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Madoff Trustee Files Clawback Suit Against Ruth Madoff - Bloomberg
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SEC to Install Checks on Credit-Rating Agencies
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Madoff Trustee: $231M In Funds Committed To Madoff Customers
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David Moenning's Daily State of the Markets: 6/30
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Monster Madoff To Die Behind Bars
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Judge Throws Book At Madoff
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Madoff Gets 150 Years
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Judge Speaks in Madoff Case
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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
