NEW YORK (AP) -- The eldest son of disgraced financier Bernard Madoff hanged himself by a dog leash in his Manhattan apartment on Saturday, the second anniversary of his father's arrest in a multibillion-dollar Ponzi scheme that swindled thousands of investors of their life savings, law enforcement officials said ( Read more... )

Madoff Hires Consultant to Find Best Possible Jail

Bernard Madoff has hired a veteran prison consultant to help him to find the best possible jail in which to serve his 150-year sentence for Wall Street’s biggest fraud.

After his sentencing this week Madoff, now Prisoner No 1727-054, met Herb Hoelter, of the National Center for Institutions and ( Read more... )

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Madoff is behind bars and isn't talking. But a Fortune investigation uncovers secrets of his massive swindle. The employees were transfixed. Standing on the mid-Manhattan trading floor of Bernard L. Madoff Investment Securities in late 2007, a half-dozen staffers stared up at the ceiling-mounted TV as CNBC aired a report on the mysterious Palm ( Read more... )

Fund manager hit with civil charge in Madoff fraud

New York's attorney general filed civil fraud charges Monday against a hedge fund manager who funneled $2.4 billion to Wall Street swindler Bernard Madoff without telling clients where their money was going.

The complaint accuses J. Ezra Merkin, the former chairman of GMAC Financial Services, of ( Read more... )

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I've coded the embedding so that it starts in the right spot. Before that is just Dancing With The Stars crap (Damn ABC and their fucking annoying cross-promotion).

Madoff, Harry Markopolos, Errold Moody, Stupid SEC/FINRA

Recent activities, certainly by Markopolos, has addressed the wholesale incompetency of the SEC from the ground up. He presented material years ago that should have made a difference.

Well, I started well over 15 years ago to the NASD in an effort to get anyone to recognize that NO ( Read more... )

SEC Evasion On Madoff Infuriates Lawmakers

Rep. Gary Ackerman (D-N.Y.) just concluded a withering attack on the SEC officials testifying before the House Financial Services committee on why the SEC failed to catch alleged $50 billion Ponzi schemer Bernie Madoff.

“The economy is in crisis,” Ackerman said. “We thought the enemy was Mr. Madoff. I ( Read more... )

This is a link to an example website

Did Bernard Madoff’s parents teach him everything he knows? Fortune.com recently reported that the accused Ponzi schemer’s mom and dad had their own questionable financial troubles. Mother Madoff’s brokerage firm was forced to close after a run-in with the feds, while Father Madoff had his own tax woes about 40 ( Read more... )

’92 Ponzi Case Missed Signals About Madoff

Seventeen years ago, federal investigators questioned for the first time whether Bernard L. Madoff was connected to a Ponzi scheme. Their inquiry centered on Frank Avellino, an accountant who had been funneling investors to Mr. Madoff since the 1960s.

The investigators did not get far. Within days, Mr. ( Read more... )