Bernie Madoff Providing Evidence of Banks’ Complicity in Ponzi

http://economicrisis.com/bernie-madoff-providing-evidence-of-banks-complicity-in-ponzi-scheme/3 Bernie Madoff Providing Evidence of Banks’ Complicity in Ponzi Scheme Bernie Madoff plans to “amplify his contention that the big banks he did business with knew what he...

Mark Madoff Commits Suicide: Bernie Madoff Son (Photo)

Mark Madoff, the Son of Bernard Madoff Who is Currently in Prison For Running a Ponzi Scheme, Was Found Hanging in His Apartment on Saturday Morning Reports say Mark Madoff hung himself on the second anniversary of...

Jim Cramer & Wall Street Try To Bury Cutting-Edge Treatment

I am very angry again today. It makes me SICK SICK SICK every time I think about the men who could have been on Provenge for over two years, yet still can't get it. I have friends who are literally dying for...

Is Sympathy for Bernie Madoff's Millionaire Victims Misplaced?

Originally posted on MonkeyPundit.comBy now, most of us have heard the sad, sob stories of millionaires (and multimillionaires) who have lost there life savings to Bernard Madoff's Ponzi Scheme; life savings in the millions, and in some cases tens of millions. But I can't...

Bernard Madoff will plead guilty Thursday, lawyer says

Madoff is risking up to 150 years if the court finds him guilty in the Ponzi scheme that swindled celebrity investors for billions.  " Bernard Madoff’s lawyer has told a judge his client will plead guilty later this week to 11 counts including money laundering, perjury...

Short, Naked, Crooked, & in Charge

"Anyway, I keep picturing all these little kids playing some game in this big field of rye and all. Thousands of little kids, and nobody's around - nobody big, I mean - except me. And I'm standing on the edge of...

Madoff Scandal Impacts Charitable Giving in Massachusetts

Prior to the Madoff tragedy, the Carl and Ruth Shapiro Family Foundation gave generously and routinely to many diverse charitable organizations in and around Boston and Massachusetts. Some of the largest, between a...

The Magic Madoff Show - Now You See It, Now You Don't

“I’ll make this quick,” the businessman said, with two other witnesses present. “I have a message for you from Russia. The message is, ‘We are about to kill you. We are about to kill you.’ Patrick, they are going to kill you. If you do not stop this crusade, they...

Madoff Cohmad Securities Partner Robert Jaffe Avoids Testimony

WSJ Reports:<embed src="http://s.wsj.net/media/swf/main.swf" bgcolor="#FFFFFF" flashVars="videoGUID={0803186C-0E03-4DD9-BFD1-881721799163}&playerid=1000&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false”...

Judge Sets Bernard Madoff Free on $10 million Bail

A New York judge ruled that Bernard Madoff will remain under house arrest in his Manhattan apartment early Monday afternoon. Madoff, who remains free on a $10 million bond, was arrested last month for allegedly running a $50 billion Ponzi scheme. You can check out our Madoff...

Social Security the Greatest Ponzi Scheme Ever?

" The federal government today collects payroll taxes from approximately 163 million white- and blue-collar workers, which is used to finance the retirement benefits of 50 million Americans. In fiscal 2008, Washington collected $785 billion in taxes and paid out approximately...

Suckerpunch Madoffian Sales Pitch Revealed

Time magazine gives space to a generously confessional Robert Chew who ruminates about his time since 6 PM December 11 2008 when his wife Sarah learned on the phone that they were wiped out by Bernard 'Ponzi2' Madoff. Mr. Chew put it to the Denver Post: "financial murder"."We...

Madoff's Wife Investigated by SEC

As the Securities and Exchange Commission (SEC) continues building its case against ponzi-scheme investor Bernard Madoff, evidence has come to light implicating his wife. Ruth Madoff is implicated in maintaining records of her husband's business' real transactions. " The U.S....

Disgraced Banker Madoff Under House Arrest for $50bn Fraud

After being charged with fraud and duping investors to tune of $50 billion, high profile Wall street investment manager Bernard Madoff has been put under house arrest yesterday. Last week the founder of...

S.E.C. Issues Mea Culpa on Madoff

One of the most amazing things about the giant Ponzi scheme run by Bernard Madoff is how many times the SEC was warned about it and yet did nothing. Today the body has released a statement accepting blame for missing the repeated warnings. The losses from the scheme could be...

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