Only the most sophisticated investors banked with Bernie. But they seemed to forget the most basic of rules.
As the Securities and Exchange Commission begins an internal examination into how it missed the red flags of one of the largest frauds in history, it will inevitably discover that Bernard L. Madoff was a Wall Street pioneer who over the last 20 years alternately impressed and infuriated the agency’s top policy makers, the New York Times reports.
Almost no segment of New York City’s real estate industry was spared in the Madoff scandal. Commercial brokers large and small, little-known developers and prominent families like the Wilpons and Rechlers all lost money to Bernard L. Madoff, the New York Times reports.
You think he ran the biggest Ponzi scam? Try Social Security.
We had been camped out here at the federal courthouse for two days now waiting for Bernie Madoff before we got a shot of him.
We don't have any really good data showing specifically how Bernard Madoff pulled off his alleged ponzi scheme that shorted investors out of a potential $50 billion. The only thing we have right now to go on is...his golf scores.
Cramer's giving out an award for the market's top decision-maker.
Some of the bad news Tuesday was "less worse" than many feared: Goldman Sachs reported its first quarterly loss since going public — but the $2.1 billion loss was much narrower than many had feared and Goldman shares rose as much as 11 percent. Stocks soared on the Federal Reserve rate-cut decision and options trading looks bullish on Boeing. CNBC heard from experts who predict a massive OPEC cut and more Fed moves to come.
Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.
Experts offer five basic strategies on how not to be the next victim of trap like Bernie Madoff allegedly set.
"There were people in Omaha who thought what I was doing was some sort of Ponzi scheme." That's Warren Buffett talking about his early days as a money manager in the late 1950s, as quoted by Alice Schroeder in her recent Buffett biography The Snowball. It wasn't as crazy a thought back then as it might seem now.
What could be Wall Street's largest scam in history can teach us all to be wary when it comes to who we invest with.
Cramer offers hard proof that bear raiders operated unchecked in their effort to profit from the American financial system's near collapse.
Many of those who say they were victimized by long-time investor Bernard Madoff's alleged "Ponzi" scam are up in arms that the Securities and Exchange Commission, Wall Street's top cop, didn't crack down on his activities sooner.
Find out why hedge fund manager Karen Finerman thinks the alleged Madoff Ponzi scam could have severe consequences for a long time to come!
Banks and investment funds around the world lined up on Monday to disclose they invested billions of dollars in companies controlled by Bernard Madoff...
In the all the coverage of alleged con-man Bernie Madoff's $50 billion Ponzi scheme, I keep hearing that this could be the biggest swindle of its kind in history. That's just plain wrong.
Real estate investor Mort Zuckerman said 10 percent of his charitable trust was invested with Madoff and estimated the losses at about $30 million.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
What separates those who have been had vs. those who are and were immune is knowing when to let your brain do the talking and when to tell greed do the walking.