Bernie Madoff

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Late Madoff Investor to Return $7.2B to Victims

Nearly half cash losses now recovered

(Newser) - The pool of funds available to Bernie Madoff's victims is about to expand by $7.2 billion, thanks to a deal with the biggest beneficiary of the Ponzi scheme. The estate of Florida philanthropist Jeffry Picower has agreed to “return every penny received from almost 35 years of investing...

Mark Madoff's Widow: Have Pity
Mark Madoff's Widow:
Have Pity
Dec 16, 2010 2:42 AM CST

Mark Madoff's Widow: Have Pity

Our children are innocent victims, Stephanie Morgan tells press

(Newser) - Mark Madoff's widow has appealed to the public to have some compassion in the wake of her husband's suicide . "Regardless of what you feel about my father-in-law and his monstrous crimes, Mark's children are innocent victims and this is tragic for them," said Stephanie Morgan in her first...

Ruth Madoff Blames Bernie for Son Mark's Suicide

Family thinks Bernie may not 'survive this'

(Newser) - In Ruth Madoff's eyes, the death of son Mark is all husband Bernie's fault. "Her wrath is aimed at her husband," a Madoff biographer tells the New York Post , citing family friends. He adds that Ruth is "totally disgusted with" Bernie and "thinks this is the...

Not Going to Mark Madoff's Funeral: Bernie

Prison rules say dad's ineligible for furlough

(Newser) - Mark Madoff might not have wanted his notorious father at his funeral anyway, but Bernie Madoff will likely be barred from attending, the New York Post reports. The North Carolina prison’s Inmate Handbook says prisoners can have supervised furloughs for immediate family members’ funerals only if they’ve got...

JPMorgan Doubted Madoff Well Before Arrest

But the bank kept working with Ponzi schemer

(Newser) - JPMorgan Chase became suspicious of Bernie Madoff two months before his arrest, calling his investment returns “too good to be true”—yet the bank was still working with him when his Ponzi scheme came to light, according to documents obtained by ABC News . Now, lawyers for Madoff’s...

Madoff Auction Makes $2M
 Madoff Auction Makes $2M 
10 pairs of shoes: $900
Nov 14, 2010 3:14 PM CST

Madoff Auction Makes $2M

Bernie's used boxers: The perfect holiday gift!

(Newser) - If ever you had a desire to buy a pair of Bernie Madoff’s cuticle scissors … you missed your chance. More of the Ponzi schemer’s stuff , including, yes, cuticle scissors, was auctioned off yesterday. The sale grossed more than $2 million—quite a bit more than the $1....

US No Longer One of 20 Least Corrupt Nations

Falls to new low in global corruption rankings

(Newser) - For the first time ever, the US has fallen out of the top 20 in Transparency International’s Corruption Perceptions Index, thanks to financial scandals and the growing influence of money in our politics, Reuters reports. The US is now seen as the 22nd-least-corrupt country in the world, down from...

Madoff Has $9B Secret Stash: Fellow Inmate

Former partner knows where it is, may cut deal

(Newser) - Bernie Madoff has a secret stash, and his partner in crime knows where it is. The Ponzi schemer has told fellow federal prisoners he funneled $9 billion to three people—“I think it was personal friends,” the source tells the New York Post —and he suspects Frank...

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