Wednesday, 18 Nov 2009 | Source: Reuters
Four boats seized by U.S. authorities from imprisoned swindler Bernard Madoff and his right-hand man, Frank DiPascali, sold for nearly $2 million at auction on Tuesday, the U.S. Marshals Service said.
Tuesday, 17 Nov 2009 | Source: Reuters
Frank DiPascali, swindler Bernard Madoff's right-hand man who admitted helping his boss run a decades-long multibillion dollar fraud, was moved from a New York jail but he remains in custody, law enforcement sources said on Tuesday.
Monday, 16 Nov 2009 | Source: CNBC.com
National Liquidators handled the successful sale of Bernard Madoff's three boats, a Mercedes convertible, and a fourth boat once owned by Madoff's right-hand man Frank DiPascali. All totaled, the auction raised more than $2 million for Madoff's victims.
Friday, 13 Nov 2009 | Source: Reuters
Two computer programmers provided technical support to falsify documents and trading records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.
Tuesday, 10 Nov 2009 | Source: CNBC
The list price on Bernie Madoff's apartment has been cut to $8.9 million dollars from $9.9 million dollars, CNBC has learned.
Tuesday, 10 Nov 2009 | Source: The New York Times
Jeffry M. Picower, a longtime investor in Bernard L. Madoff’s fraud scheme who died in his Palm Beach swimming pool last month, left an estate with assets far in excess of $1 billion — and that could be a spot of good news for Mr. Madoff’s victims.
From an elegant diamond ring to a 1960 Hofstra class ring. A rare Rolex "Monoblocco" watch to a personalized New York Mets jacket. Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds earlier this year, will be auctioned this weekend.
Thursday, 5 Nov 2009 | Source: Reuters
The trading scheme uncovered at prominent hedge fund firm Galleon Group last month was widened Thursday to include a number of smaller, less known firms. But it also appears to touch a prominent firm.
Monday, 2 Nov 2009 |
Posted By:
Scott Cohn |
Source: CNBC.com
Newly released documents in the Bernard Madoff case paint a detailed picture of a feckless Securities and Exchange Commission, and an epic scam artist who was constantly amazed he did not get caught.
Friday, 30 Oct 2009 |
Posted By:
Scott Cohn |
Source: CNBC.com
Jailed swindler Bernie Madoff said it was "amazing" that he didn't get caught sooner in his multi-billion-dollar Ponzi scheme, and that everything the SEC did to investigate him prior to 2006 was a waste of time, according to a jailhouse interview he gave to SEC Inspector General H. David Kotz.
Friday, 30 Oct 2009 |
Posted By:
Scott Cohn |
Source: CNBC staff and wire reports
Epic fraudster Bernard Madoff's former outside accountant will plead guilty to criminal charges for his role in the multibillion-dollar Madoff fraud, U.S. prosecutors said Friday.
Wednesday, 28 Oct 2009 |
Posted By:
Scott Cohn |
Source: CNBC.com
The trustee overseeing the Madoff bankruptcy says the Securities Investor Protection Corporation has paid a record $534 million to Madoff investors, but that amount pales in comparison to the $21.2 billion he now says was stolen in the giant Ponzi scheme.
Wednesday, 28 Oct 2009 | Source: The Associated Press
Trustee Irving Picard, who has so far recovered approximately $1.4 billion related to the Bernie Madoff scandal, will continue with the litigation of Jeffry Picower despite his death, CNBC has learned.
Monday, 26 Oct 2009 | Source: The Associated Press
A man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff drowned after having a heart attack, authorities said Monday.
Tuesday, 20 Oct 2009 |
Posted By:
Paul Toscano |
Source: CNBC.com
In the past two years, powerful figures in both Washington and Wall Street became household names as the crisis deepened, markets and corporations struggled to survive and the federal government took drastic steps to save the economy. Whether they had a crucial hand in the crisis or were simply in the wrong place at the wrong time may not be clear for years. Now, one year after the roughest stretch for the U.S. economy since the Great Depression, these financial titans have either stepped out of the spotlight or come to the end of their careers, voluntarily or not. So where they now? Click ahead to find out!