Bernard Madoff
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Do You Feel Sorry For Bernard Madoff's Wife Ruth?
The Pierre Michel salon in New York City will no longer give Ruth Madoff her regular foil highlights in Soft Baby Blonde. Her florist has stopped providing her with her favored lismachia, Queen Anne's lace, and thistles flower arrangement. Even her two sons have taken to referring to her as Ruth rather than as Mom.
Blaming the Victim? NYT Calls Out Madoff's Investors
Earlier this week most of you said you didn't think Bernard Madoff acted alone in the $50 billion-plus Ponzi scheme. Well one New York Times reporter thinks he found the accomplices: the victims. In the article, Joe Nocera asks: what were they thinking?
Do You Think Bernie Madoff Acted Alone?
Victims cheered as Bernie Madoff went straight to jail after pleading guilty to 11 counts of fraud. But is everyone responsible for the massive Ponzi scheme behind bars? Who knows.
Front Page: Bernie Madoff Pleads Guilty and Faces Victims
- Bernie Madoff plead guilty to all charges this morning. Some of his victims are expected to speak, and the judge will soon decide if he should go directly to jail. — New York Times
- The teenage gunman who killed 15 people in Germany warned of the attack in an Internet chatroom.
Should Bernie Madoff Go to Jail For Life?
Yesterday news broke that Bernie Madoff will plead guilty to massive fraud, a plea that will most likely result in a life sentence and $177 billion in criminal forfeitures (good luck!). The federal prosecutor told the judge that there is no plea agreement with Madoff.
In addition to guaranteed jail time, a speedy plea could also prevent a full investigation that would come from a long trial.
Madoff Devil Doll Comes Equipped With a Hammer
A toy-maker with a sense of humor is hoping to help investors channel their anger toward alleged $50 billion Ponzi schemer Bernard Madoff. The accused investment manager's action figure is wearing a red outfit and holding a pitchfork accessory — subtle, right? A hammer for smashing the "Made Off With My Money" Madoff replica is included in the package.
Investors Who Made Off: 4 Other Ponzis
Harry Markopolis's testimony this morning would make a captivating yet depressing movie. Way back in 2000 Harry discovered that Bernard Madoff was a fraud — and it only took him four hours. He was studying Madoff's "strategy" for a competitor.
Front Page: Ignored Madoff Whistle Blower Feared For Life
- A man who tried to alert authorities about Bernard Madoff's alleged fraud over a period of nine years says he feared for his safety when the SEC ignored him. — Reuters
- Sri Lanka's President says the Tamil Tigers are almost defeated, which would end Asia's longest-running war. — Voice of America
- The Senate has cut a tax break for the movie industry from the stimulus bill, citing a 19 percent year-over-year increase in movie ticket sales.
Briefing Book! Bernard Madoff Skips Past Jail
- Madoff: Is the judge mad(off)? Judge lets Bernard Madoff stay in his Upper East Side apartment, after prosecutors argued that he should go to jail after mailing $1 million worth of items to friends and family. — Talking Points Memo
- Commander(s) in chief: Bush and Obama join forces on bailout.
Nobel Prize Winner Krugman Says We're All Ponzis
When news broke last week that Wall Street investment wiz Bernard Madoff allegedly admitted to a $50 billion Ponzi scheme, it left me wondering how he managed to do this without alerting regulators.
This week, we found out that there were classic warning signs that the SEC admitted it should have acted upon. Well now, Nobel Laureate economist Paul Krugman says that Madoff's fraud is evidence of a systemic defect in our financial system — vast riches for those who managed other people's money has had a corrupting effect on American society.
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