Highlights
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
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Letters: Enron's Skilling and his jail cell
Re "Skilling doesn't deserve a break," Column, May 19 Jeff Skilling, the chief executive of Enron when it defrauded investors before its collapse in 2001, still believes he has the power to extort or bribe his way out of jail. It scares me to think that...Tags: Arthur Andersen, Prisons, Punishment, Crime, Law and Justice
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Elie Wiesel, history's witness
It was a fine April day last week that found Elie Wiesel at Chapman University; it was a fine April day too, 58 years earlier, when the gaunt, teenage Wiesel found himself alive and suddenly free to walk out of the Buchenwald concentration camp. In the...
Tags: Freedom of the Press, Israel, Politics, Religion and Belief, Awards and Prizes
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Madoff investors cannot sue SEC, federal appeals court says
Investors who lost big when Bernard Madoff’s Ponzi scheme unraveled cannot sue federal regulators, despite the government’s “regrettable inaction,” a federal appeals court ruled. Madoff victims had sued, arguing that the...
Tags: U.S. Securities and Exchange Commission, Mary Schapiro
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Bernard Madoff urges investigators to keep pursuing big banks
Imprisoned money manager Bernard Madoff is encouraging those investigating his massive Ponzi scheme to keep going after banks he alleges were complicit in the fraud. Madoff, who is serving a 150-year sentence for defrauding investors out of billions...
Tags: Fox Business Network (tv network)
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Pre-inaugural books on civics for history geeks
You’re not necessarily a history geek if you shed a tear during Steven Spielberg’s excellent biopic “Lincoln,” which relates the struggle to pass the 13th Amendment to the Constitution and forever outlaw slavery. However, you are...
Tags: Steven Spielberg, Abraham Lincoln, Ronald Reagan, Martin Luther King Jr., Daniel Day-Lewis
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Letters: Are all liars created equal?
Re "Like him, we are all liars," Opinion, Jan. 19 Not all lies are of the same breadth, depth and impact. Size does matter. By his own admission, Lance Armstrong is a liar. But lying only matters if you get caught — right, Bernie Madoff? Wall...
Tags: Lance Armstrong, Oprah Winfrey
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Durkee attorney challenges number of fraud victims listed by feds
PolitiCalKinde Durkee attorney says number of fraud victims ``overstated.''... -
SEC chief Mary Schapiro to step down
WASHINGTON -- Mary Schapiro said Monday she will step down as chairwoman of the Securities and Exchange Commission next month. Schapiro, who has headed the Wall Street watchdog since 2009, had been widely expected to depart the commission after the...
Tags: Fiscal Cliff, Finance, Banking, Mary Schapiro, Citigroup Incorporated
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Previewing 2013's books [Google+ Hangout]
Join book critic David L. Ulin and me for a video chat about the books we're looking forward to in 2013. We'll be talking live Tuesday at 10 a.m. In part, the conversation will preview my article in Sunday's Los Angeles Times, which looks at the hot...
Tags: Social Media, Rick Moody
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The Bernard Madoff book collection: Rick Moody, Fyodor Dostoevsky
How does an author of seriously literary fiction discover one of his books was owned by Bernie Madoff, the investor who defrauded his clients of billions of dollars? He sees it listed in an auction on EBay. That's how Rick Moody came to know that Madoff's...
Tags: Emily Dickinson, eBay Inc., Tom Clancy, Willa Cather, Authors
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Peter Madoff pleads guilty, faces 10 years in prison
Bernard Madoff's younger brother Peter pleaded guilty in federal court in Manhattan, the first of the swindler's kin to face charges in history's largest Ponzi scheme. Peter Madoff, who for years worked as the chief compliance officer and senior...
Tags: Prosecution, Prisons, Justice System, Punishment, Trials
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Madoff middleman J. Ezra Merkin to pay $410 million in settlement
Money manager and Bernie Madoff associate J. Ezra Merkin will pay $410 million to compensate investors after losing more than $1.2 billion of their money to Madoff’s Ponzi scheme. New York Atty. Gen. Eric T. Schneiderman on Monday called the...
May 22, 2013
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Nov 28, 2012
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Nov 26, 2012
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Jun 29, 2012
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Jun 25, 2012
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