Bernard Madoff latest news
Bernard Madoff is a famed investor who defrauded clients of at least $50 billion. All of these articles are about Bernard Madoff. Make sure to visit this tag often for all of the Bernard Madoff latest news.This tag has been viewed 957 times There are a total of 598 pages tagged Bernard Madoff.
- Madoff's spoils go under the hammer
NEW YORK (AFP) -- A treasure trove of spoils from Wall Street swindler Bernard Madoff and his wife raked in nearly a million dollars in an auction to help pay back some of his victims.But the proceeds were still just a mere drop in ... - UPI NewsTrack TopNews
Report: Reform would cut senior healthcare WASHINGTON, Nov. 14 (UPI) -- More than $500 billion in cuts from Medicare spending under a U.S. healthcare plan would slash some seniors' benefits and limit access to care, a r... - Madoff possessions fetch $1M at auction
NEW YORK, Nov. 15 (UPI) -- Bernard Madoff's name gave extra value to his onetime possessions Saturday as they were auctioned for more than $1 million in New York. The auction conducted under the eye of U.S. marshals at the New York S... - Madoff goods and chattels go on the block
NEW YORK, Nov. 14 (UPI) -- U.S. marshals began auctioning Bernard and Ruth Madoff's personal possessions Saturday in a New York hotel in the first of a series of sales. At least 500 people showed up at the New York Sheraton Hotel a... - Madoff's magnificent spoils go under the hammer
by Paola Messana NEW YORK (AFP) -- From diamond-encrusted watches to satin jackets emblazoned with his name, the personal goods of Wall Street swindler Bernard Madof... - Madoff's magnificent spoils go under the hammer
by Paola Messana NEW YORK (AFP) -- From diamond-encrusted watches to satin jackets emblazoned with his name, the personal goods of Wall Street swindler Bernard Madoff go under the hammer Saturday in New York to raise money to help pay thos... - 2 Madoff programmers arrested
NEW YORK, Nov. 13 (UPI) -- Two former computer programmers for Bernard Madoff's New York investment company were charged Friday with helping cover up his Ponzi scheme. Jerome O'Hara of Malvern, N.Y., and George Perez of East Bruns... - 9/11 suspects face angry reception in New York
by Sebastian Smith NEW YORK (AFP) -- US authorities on Friday vowed a fair trial for the alleged September 11 plotters aft... - Madoff victim turns to art therapy
SANTA FE, N.M., Nov. 13 (UPI) -- A New Mexico senior who lost her savings in Bernie Madoff's Ponzi scheme says she has taken to drawing portraits of the convict as therapy. Marcia Cohen of Santa Fe, who is in her 70s, said she lost ... - FBI arrests Madoff computer programmers
by Sebastian Smith NEW YORK (AFP) -- The FBI on Friday arrested two computer programmers allegedly employed by Wall Street conman Bernard Madoff to cook the books in his decades-long, multi-billion dollar Ponzi scheme. Jerome O'Hara ... - Madoff yacht to be auctioned next week
FORT LAUDERDALE, Fla., Nov. 11 (UPI) -- The United States government will auction a luxury yacht, two vessels and a convertible seized from convicted Ponzi schemer Bernie Madoff next week. The auction, scheduled to take place in For... - UPI NewsTrack Business
U.S. markets stall NEW YORK, Nov. 10 (UPI) -- U.S. markets wavered Tuesday after a strong rally Monday that sent the Dow Jones industrial average up 203 points. A day with no major government reports to ponder le... - Picower's estate to help Madoff victims
NEW YORK, Nov. 10 (UPI) -- The death of Jeffrey Picower, an investor with disgraced financier Bernard Madoff, may mean several billion more dollars for Madoff's victims, attorneys say. Picower, who died last month in his Palm Beach, ... - Victims upset by 'Madoff auctions'
ORLANDO, Fla., Nov. 1 (UPI) -- Victims of jailed U.S. financier Bernard Madoff say they're upset at organizers of Madoff auctions who claim to be selling victims' items. One such auction organizer, Gavin Abadi, has held recen... - UPI NewsTrack Business
Judge: Spammer owes Facebook $711 million SAN JOSE, Calif., Oct. 31 (UPI) -- A U.S. judge says an Internet marketer known as the Spam King must pay the Facebook Web site $711 million in damages. U.S. Distr... - Madoff: SEC could have had him earlier
NEW YORK, Oct. 31 (UPI) -- Jailed former financier Bernard Madoff says lack of basic investigatory moves by the U.S. Securities Exchange Commission allowed his Ponzi scheme to flourish. In a jailhouse interview given by Madoff to the... - Madoff accountant to plead guilty: prosecutors
NEW YORK (AFP) -- The accountant accused of helping Bernard Madoff steal billions of dollars in Wall Street's biggest Ponzi scheme is ready to plead guilty, prosecutors in New York said Friday. - UPI NewsTrack Business
U.S. markets close lower Monday NEW YORK, Oct. 26 (UPI) -- U.S. markets reversed a morning trend and closed lower Monday, as the dollar gained strength and oil prices fell. Crude oil prices dropped more than $2 t... - Picower drowned following heart attack
PALM BEACH, Fla., Oct. 26 (UPI) -- U.S. philanthropist Jeffry Picower, accused of profiting from a huge Ponzi scheme, drowned Sunday after suffering a heart attack, a family attorney said. Picower was found Sunday at the bottom of t... - Madoff associate Picower found dead: police
MIAMI (AFP) -- Florida investor and philanthropist Jeffry Picower, accused of making billions of dollars in his friend Bernard Madoff's fraud scheme, died after he was found at the bottom of his s... - Madoff figure Picower dies, found in pool
PALM BEACH, Fla., Oct. 25 (UPI) -- Jeffry Picower, accused in a lawsuit of benefiting from Bernard Madoff's Ponzi scheme, was found dead Sunday in his Florida swimming pool, officials said. Don Taylor, acting battalion chief of Palm... - Report: Mets made money in Madoff deals
NEW YORK, Oct. 21 (UPI) -- Baseball's New York Mets made about $48 million in their financial dealings with convicted money swindler Bernard Madoff, court documents indicate. The cable sports network ESPN reported U.S. Bankruptcy Cou... - UPI NewsTrack TopNews
Deal struck on Iran nuclear fuel VIENNA, Oct. 21 (UPI) -- Iran, the United States, France and Russia have until Friday to approve a draft deal on transfer of most of Iran's nuclear fuel, the U.N. nuclear agency said. - Cocaine allegations leveled at Madoff
NEW YORK, Oct. 21 (UPI) -- A lawsuit filed by a former employee of Bernard Madoff's New York investment firm alleges rampant cocaine use and a rowdy party corporate culture. The supplemental filings to the suit also add new defendant... - Two US Madoff victims file suit against SEC
WASHINGTON (AFP) -- Two victims of the Ponzi scheme operated by New York swindler Bernard Madoff have filed a lawsuit accusing the Securities and Exchange Commission (SEC) of "gross negligence" an... - Two Madoff investors sue SEC
NEW YORK, Oct. 14 (UPI) -- Two New York investors are suing the Securities and Exchange Commission for negligence for not catching Bernard Madoff's $65 billion fraud scheme earlier. Phyllis Molchatsky, who lost $1.7 million of her re... - Madoff reported in prison shoving match
BUTNER, N.C., Oct. 13 (UPI) -- The state of the stock market reportedly spurred a shoving match between jailed financier Bernie Madoff and a fellow inmate in Butner, N.C., witnesses said. Madoff, 71, and an inmate in his 60s started... - SEC inspector recommends changes
WASHINGTON, Sept. 30 (UPI) -- U.S. Securities and Exchange Commission investigator H. David Kotz has recommended 58 steps to tighten enforcement in the wake of the Bernard Madoff scandal. For thousands of investors, Ponzi scheme oper... - Did Madoff atone on Yom Kippur?
NEW YORK, Sept. 29 (UPI) -- Bernard Madoff, architect of the largest Ponzi scheme in U.S. history, had the opportunity to ask for forgiveness on Yom Kippur. Officials at the U.S. Bureau of Prisons would not comment on whether Madoff ... - Madoff family to be sued over missing billions
by Sebastian Smith NEW YORK (AFP) -- Bernard Madoff claims he ran his multi-billion dollar Ponzi scheme alone, but close family members face lawsuits this week in a widening probe, the government-appointed trustee told CBS television. - Madoff family to be sued over missing billions: trustee
NEW YORK (AFP) -- Bernard Madoff claims he ran his multi-billion-dollar Ponzi scheme alone, but his close family will be sued this week in a widening probe, the government-appointed trustee told CBS television Sunday.Trustee Irving ... - UPI NewsTrack Business
U.S. markets drop on Fed announcement NEW YORK, Sept. 23 (UPI) -- U.S. markets dove late in the trading session after the U.S. Federal Reserve said it would keep lending rates unchanged. The Fed left bank-to-bank... - Laptop theft compromises Madoff victims
NEW YORK, Sept. 23 (UPI) -- Personal information concerning victims of Bernard Madoff's Ponzi scheme was on a laptop computer stolen in Dallas, a firm processing victims' claims said. Tim Yost, a spokesman for AlixPartners said, w... - Madoff beach house sold
MONTAUK, N.Y., Sept. 17 (UPI) -- Convicted swindler Bernard Madoff's beach house on New York's Long Island sold for more than the $8.75 million asking price, the listing broker said Thursday. The 3,000-square-foot shingled home -- w... - UPI NewsTrack Business
U.S. markets close lower Thursday NEW YORK, Sept. 17 (UPI) -- U.S. markets retreated from early gains Thursday despite first-time jobless claims dropping for the second consecutive week. The Labor Department said... - Madoff beach house sells for $8.75 million
MONTOUK, N.Y., Sept. 17 (UPI) -- Convicted Ponzi scheme operator Bernard Madoff's ocean front home in Montauk, N.Y., has been sold for $8.75 million, a real estate agent said Thursday. The deal for the 3,000-square-foot house should... - Bank fires worker over Madoff victims' mansion
LOS ANGELES (AFP) -- Wells Fargo has said it had fired an employee who held a series of parties at a Malibu mansion seized by the bank from a couple who were swindled in the Bernard Madoff fraud."Our investigation concluded a single... - Wells Fargo probing Malibu mansion parties
LOS ANGELES (AFP) -- Wells Fargo said the company was investigating allegations an employee held a series of parties in a Malibu mansion seized by the bank from a couple swindled in the Bernard Madoff fraud.The Los Angeles Times rep... - Bank exec said using surrendered property
LOS ANGELES, Sept. 10 (UPI) -- Wells Fargo says it will look into reports that a bank executive has been using a California home surrendered to the bank by victims of swindler Bernard Madoff. The former owners, Lawrence and Linda Eli... - UPI NewsTrack Business
U.S. markets turn higher Wednesday NEW YORK, Sept. 9 (UPI) -- U.S. stock indexes turned higher Wednesday morning, despite a record drop in consumer credit in July. The U.S. Federal Reserve said Tuesday that consu... - Feds to sell Madoff' properties
NEW YORK, Sept. 9 (UPI) -- Federal authorities are selling New York and Florida properties belonging to convicted Ponzi scheme operator Bernard Madoff to compensate fraud victims. Real estate appraisers said Madoff's were surprisingl... - Lebanese 'Madoff' accused of $400M Ponzi
BEIRUT, Lebanon, Sept. 9 (UPI) -- A Lebanese Shiite Muslim businessman with strong ties to Hezbollah has been arrested for allegedly running a $400 million Ponzi scheme, officials said. Investors with Salah Ezzedine say they were lu... - Ruth Madoff seeks tax refund in her name
PALM BEACH, Fla., Sept. 7 (UPI) -- The wife of disgraced U.S. financier Bernie Madoff says she wants a Palm Beach County, Fla., tax refund check to be reissued in her name alone. Ruth Madoff has sent a property tax refund check for ... - SEC flubbed Madoff probe: watchdog
WASHINGTON (AFP) -- The US Securities and Exchange Commission flubbed a probe of confessed swindler Bernie Madoff, who pulled off one of the biggest frauds in Wall Street history, an internal prob... - UPI NewsTrack Business
U.S. markets waver, then close down NEW YORK, Sept. 2 (UPI) -- U.S. markets waffled up and down Wednesday, then ended the day with a fourth consecutive day of losses. Stocks in Asia and Europe moved lower Wednesd... - SEC blew early chances to catch Madoff
WASHINGTON, Sept. 2 (UPI) -- The U.S. Securities and Exchange Commission failed to follow up on significant warnings concerning Ponzi scheme operator Bernard Madoff, a case audit said. SEC Inspector General David Kotz's report, relea... - Madoff's Montauk mansion on the block
MONTAUK, N.Y., Sept. 2 (UPI) -- Bernard Madoff's Montauk, N.Y., home is on the market for $8.75 million, a price that will remain firm to compensate his victims, U.S. marshals said. The selling price, which the Corcoran Group, Madof... - Madoff's beachfront hideaway up for sale -- but it's no steal
NEW YORK (AFP) -- The beachfront pad where Wall Street super fraud Bernard Madoff used to kick back goes on sale this week. But at 8.7 million dollars it's no steal.The beach house at Monta... - Stanford group finance officer admits huge fraud
WASHINGTON (AFP) -- The chief financial officer of the investment company owned by Texas cricket mogul Allen Stanford Thursday pleaded guilty to charges stemming from a complex seven-billion-dollar fraud.James Davis, 60, the former ... - Mistress: Madoff 'took everything'
NEW YORK, Aug. 25 (UPI) -- Imprisoned New York financier Bernard Madoff's former mistress says after losing everything to him her story is the only thing she can sell. In an interview with ABC News, Sheryl Weinstein said she feels gu...
