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Scam of the Century -- The Bernard Madoff Scandal

  • India plans first manned space flight in 2016 Thursday, 25 Feb 2010 | 9:41 PM ET

    India's space agency is planning the nation's first manned space flight for 2016, if it gets government approval of the project budget, an official said Thursday.

  • Madoffs Shared Much; Question Is How Much? Thursday, 15 Jan 2009 | 11:41 AM ET

    The New York Times asks whether Ruth Madoff knew of her husband's scheme.

  • 2009 Mercedes S550

    The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented, the New York Times reports.

  • Ruth Madoff: The Loneliest Woman in New York Monday, 15 Jun 2009 | 10:37 AM ET
    Ruth Madoff

    Ruth Madoff, 68, has not been charged with any crime or even questioned by prosecutors. But she has become perhaps the most vilified spouse of a financial rogue in history. When her husband, Bernard Madoff, divulged his Ponzi scheme, a $65-billion fraud for which he awaits sentencing later this month, Mrs. Madoff’s life was also ruined. Although no evidence has emerged to date that she conspired or even knew about her husband’s crimes, her plight has evoked no apparent public sympathy. She has been pilloried and turned into a pariah.

  • Madoff Suits Add Details About Fraud Tuesday, 23 Jun 2009 | 10:27 AM ET

    Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff’s long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.

  • The Right Sentence for Madoff? Monday, 29 Jun 2009 | 4:09 PM ET

    The judge called the maximum sentence symbolic to those who might imitate the fraud and to the victims seeking relief.

  • Madoff Sentenced, But He Didn’t Sing Monday, 29 Jun 2009 | 4:51 PM ET

    So Bernie Madoff was sentenced to 150 years in the slammer today. He also delivered one of his now-patented non-repentant repentance speeches in the courtroom. Oh, by the way, his wife Ruth also issued a statement, and she threw him under the bus.

  • Playing 'Where's Bernie?' Via Internet Tuesday, 14 Jul 2009 | 11:43 AM ET
    Bernie Madoff

    We had a fun little game of "Where in the World is Bernie Madoff" in the newsroom yesterday. We're still playing it a little bit today.

  • Madoff's Key Lieutenant Frank DiPascali Free on Bail Tuesday, 22 Jun 2010 | 3:38 PM ET
    Frank DiPascali

    Frank DiPascali, Bernie Madoff's right-hand man, is free on bail Tuesday after months of incarceration.

  • Madoff’s Elder Son Found Dead in Suicide Saturday, 11 Dec 2010 | 4:12 PM ET
    Financier Bernard Madoff (R) with his sons Mark Madoff (L) and Andrew Madoff (C) during July 2001 in Montauk, NY.

    Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested, the New York Times reports.

  • Speculators Are Eager to Bet on Madoff Claims Tuesday, 14 Dec 2010 | 5:26 AM ET
    Bernie Madoff

    The lawsuits filed by the trustee seeking money for Bernard L. Madoff’s fraud victims may be a blow for the defendants — but they are catnip for an obscure breed of Wall Street traders speculating on the outcome of the enormous Madoff bankruptcy case, the New York Times reports.

  • Mark Madoff’s Name Became Too Big a Burden to Bear Friday, 17 Dec 2010 | 7:19 AM ET
    Financier Bernard Madoff (R) with his sons Mark Madoff (L) and Andrew Madoff (C) during July 2001 in Montauk, NY.

    Behind the screen, the burdens of life as Bernie Madoff’s son — the continuing suspicion from the public, the harsh accusations in numerous lawsuits, and his exile from the world of Wall Street — steadily became unsustainable.

  • Victims Who Deserve Their Fate Friday, 11 Feb 2011 | 9:42 AM ET
    Bernie Madoff

    “Let the buyer beware” as a concept is staging a comeback as the trustee in the Madoff case argues that some investors were sophisticated enough to know it was a Ponzi scheme, the New York Times reports.

  • Largest US Bankruptcies Monday, 2 Nov 2009 | 2:02 PM ET
    Lehman Brothers' chapter 11 bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court, based on pre-bankruptcy assets. >

    Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court.

  • Boy Band Mogul: Fame and Fraud Monday, 5 Jan 2009 | 12:21 PM ET
    Lou Pearlman, the legendary manager of *NSYNC and The Backstreet Boys, lives a lifestyle of fame, fortune and fraud.  He's the mastermind who scams $500 million from investors!

    Lou Pearlman, the legendary manager of *NSYNC and The Backstreet Boys, lived a lifestyle of fame, fortune and fraud.  He masterminded investor scams totalling $500 million. Learn more.

  • Bernie Madoff & The $50 Billion Heist Wednesday, 17 Dec 2008 | 4:21 PM ET
    If it sounds too good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s "Ponzi scheme." Victims including charities and bold-faced names leaving some with nothing.  On June 29, 2009 Bernard Madoff was sentenced to 150 years in prison.

    If it sounds to good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s alleged Ponzi scheme.

  • A Rogues Gallery of Financial Crime Wednesday, 17 Dec 2008 | 4:30 PM ET
    Accused of running a $50 billion Ponzi sceme, Bernie Madoff may have masterminded the biggest fraud in Wall Street history. But he’s not alone. Over the years, people from CEOS to traders have tried to take advantage of the system. Here are a few of them in past two decades.

    Over the years, people from CEOS to traders have tried to take advantage of the system. Here are some of the notables from the past two decades.

  • Madoff Property Auction Monday, 24 Mar 2014 | 2:44 PM ET
    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.Proceeds from the sale will be set aside for victims of Madoff's Ponzi scheme, which unraveled nearly one year ago. Some 200 items up for bid include more than 40 watches, along with numerous bracelets, earrings, cufflin

    Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds and auctioned off to benefit victims in 2009.

  • Madoff Boat Auction Monday, 16 Nov 2009 | 10:28 AM ET
    Convicted Ponzi schemer Bernard Madoff may have loved the high seas as much as he loved deceiving clients of his firm, Bernard L. Madoff Investment Securities. Madoff owned not one, not two, but three boats, including a luxurious 56-foot yacht named "Bull."

    Convicted Ponzi schemer Bernard Madoff loved the high seas. All his boats were sold at auction by National Liquidators on behalf of the U.S. Marshal's Service. Click to see the images.

  • American Greed: Madoff Behind Bars Friday, 3 Feb 2012 | 8:18 AM ET

    Discover how even from behind bars, this notorious conman is not going away quietly.

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