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.
The New York Times asks whether Ruth Madoff knew of her husband's scheme.
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, 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.
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 judge called the maximum sentence symbolic to those who might imitate the fraud and to the victims seeking relief.
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.
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.
Frank DiPascali, Bernie Madoff's right-hand man, is free on bail Tuesday after months of incarceration.
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.
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.
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.
“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.
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.
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.
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.
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.
Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds and auctioned off to benefit victims in 2009.
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.
Discover how even from behind bars, this notorious conman is not going away quietly.