A U.S. court ruled that victims of Allen Stanford's Ponzi scheme are not eligible under federal law to file claims seeking compensation.» Read More
Disgraced financier Bernard Madoff's lawyer has asked a federal appeals court to let his client stay out of prison until sentencing. The court said it will not rule immediately.
Mommy, what's a Ponzi scheme? Yeah, that's a tough one. Jimmy Kimmel recruited Ernie and the Cookie Monster to help explain the Madoff scandal.
Disney is launching “The Great Piggy Bank Adventure,” a new interactive exhibit at Epcot designed to teach kids about money. Amid the populist revolt over the AIG bonuses, here's an idea: Why don't we send Wall Street execs who don't "get it" to Disney World to learn a thing or two about money?
I have been talking to someone who recently spent a few weeks where Bernard Madoff is now, the Metropolitan Correctional Center, or MCC.
Bernie Madoff may have made off with their money but victims of the confessed Ponzi schemer are enjoying a nice meal — on him. One Manhattan eatery is offering free meals to Madoff victims. Plus, the recession-tini. Cheers!
Madoff is now in jail at the Metropolitan Corrections Center, very near the Federal courthouse building where he made his plea. Here's what he faces in his new digs.
Bernard Madoff pleaded guilty on Thursday to 11 counts of fraud in the biggest swindle ever and was taken to the Metropolitan Correctional Center, near the Federal courthouse.
Market pros say their early signals of recovery are flashing and even the mainstream, celebrity-chasing media has started talking about the financial crisis — a sure sign things are about to turn. Here are some other signs you may have missed this week.
Here’s what we need to do to make sure a Bernie-style scam never happens again.
We have a winner in the contest to suggest the most creative sentence for Bernard Madoff! It is .....
Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.
Prosecutors will bring additional charges as warranted against Bernard Madoff or anyone else involved in the fraud that bilked investors of billions.
Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York
Many of you sent in similar ideas, but I've chosen those who either came up with a particular idea first, or fleshed the idea out most creatively. I've been overwhelmed by the responses, and I hope this little exercise helped people let off steam.
We will shortly be posting the top ten suggestions (out of more than 500 emails) for the most creative sentence for Bernard Madoff so you can vote. The winner gets Bernie Madoff toilet paper.
The Funny Business contest for most creative prison sentence for Bernard Madoff has gotten a huge response. Many suggesting the death penalty, a public execution, having him share a cell with a very big and needy man, and even a public stoning.
One person, at least, would like to thank Bernie Madoff for all the good his alleged fraud has done for American society.
Talk about knowing how to hone your pitch to fit the current market: This guy posted an ad on Craigslist offering to be the "Fall Guy for Your Hedge Fund." His primary job responsibility? Taking all the blame for the current mess.
Ike Sorkin, as he is known everywhere but on his business card, provokes strong feelings — among those who like him and those who do not. And he has done so for a long time.
Madoff hid his massive theft through his family's firm in London. Exactly how much he stole, and where it all went, is still a mystery.