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Crime Corporate Fraud

  • 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.

  • Madoff Toilet Paper

    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.

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    Prosecutors will bring additional charges as warranted against Bernard Madoff or anyone else involved in the fraud that bilked investors of billions.

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    Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York

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    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.

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    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.

  • In breaking news CNBC's Charlie Gasparino reveals that NY Attorney General Andrew Cuomo has accused Merrill Lynch of misleading Congress.

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    Stanford Financial logos will no longer be featured on the back walls of the tennis courts at the Sony Ericsson Open at the end of the month, CNBC has learned.

  • Bernie Madoff

    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.

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    One person, at least, would like to thank Bernie Madoff for all the good his alleged fraud has done for American society.

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    David T writes, “(Dylan Ratigan) is the only financial analyst who is focusing on the only thing that matters to us, the abject fraud in the system!"

  • Ira Lee Sorkin

    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.

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    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.

  • Tiger Woods

    The Web site connected to the foundation of the world's best golfer has pulled the logo of Stanford Financial off its site.

  • Find a list of resources compiled for victims of accused swindler Bernard Madoff ahead of the plea agreement scheduled for later this week.

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    Attorney Ira Sorkin confirms a report in Newsday that Ruth Madoff is getting her own counsel.

  • A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.

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    Bernard Madoff and $50 billion. His name and that number have become inseparable in describing the enormity of what has been called the largest white-collar fraud in history.

  • Bernard Madoff

    A court document suggests a former associate of Ponzi scheme king Bernard Madoff may not have known all the money was lost before Madoff confessed to authorities.