Madoff says his victims had been ‘greedy’ In his 2nd jailhouse interview, Wall Road scammer Bernard Madoff informed a reporter that his victims were “greedy” and the U.S. federal government is a “Ponzi scheme,” though he insisted that he’s a “good person.” “Everyone was greedy,” said Madoff, based on Ny Magazine. “I just went along. […]
Bernard Madoff has decided not to appeal the 150-year prison sentence he received for operating the biggest investment fraud in history. “We are not going to appeal,” Madoff attorney Ira Lee Sorkin told CNN on Thursday. Sorkin said he met with Madoff this week at the Metropolitan Correctional Center in Lower Manhattan.
Federal prosecutors are seeking the forfeiture of Bernard Madoff’s four homes and other assets after Madoff’s guilty plea to masterminding a massive investment fraud. Madoff is in jail at the Metropolitan Correctional Center in lower Manhattan after pleading guilty to operating on the largest Ponzi schemes in history.
Bernard Madoff, who pleaded guilty to operating a multibillion-dollar Ponzi scheme, is worth up to $826 million, according to a document filed with a federal court on Friday. Madoff values his business — Bernard L.
Richard Friedman lost more than $3 million to Bernard Madoff’s investment scheme. Following the disgraced broker’s guilty plea Thursday, Friedman said he hopes Madoff lives a long time. “He is going to be sentenced for 150 years
Bernie Madoff’s lawyer, Ira Sorkin, told a federal Judge Denny Chin on Tuesday that Madoff expects to plead guilty to charges that will put him in prison for up to 150 years. The U.S.
I know what to do with that $173 million in uncashed checks investigators found in Bernie Madoff’s desk drawer last week: send them to his feeder-fund customers. These people also could use the bling Bernie’s been secretly sending to friends. While the Securities Investor Protection Corp
Historians looking for an early sign that the worst financial crisis since the Great Depression might be deeper than expected could do worse than listen in on a predawn teleconference one Friday last spring. Top Treasury and Federal Reserve Bank officials hunched over their phones in a last-ditch bid to bail out the giant investment bank Bear Stearns Cos.
The wife of accused swindler Bernard Madoff pulled $15.5 million out of a Madoff-related brokerage firm in Massachusetts in the weeks before his arrest, authorities there disclosed Wednesday. The withdrawals by Ruth Madoff took place in November and December, according to a complaint filed by state regulators against Cohmad Securities, a firm they said was “intertwined” with Madoff’s New York-based company.