Archive: Madoff Scandal
The town of Fairfield, Conn., has joined a growing list of aggreived parties seeking restitution from Ponzi mastermind Bernard L. Madoff. Members of Fairfield's pension fund are suing several executives at "feeder funds" that invested millions with Madoff. The lawsuit (Fairfield Retirement Program v. Madoff) names executives at Tremont Group Holdings, Maxam Capital Management and Fairfield Greenwich Group, along with the Madoff and his wife, brother and two sons.
By Amanda Zamora | April 1, 2009; 04:42 PM ET | Comments (0)
Now that the 70-year-old Madoff is in jail awaiting sentencing that will no doubt keep him in prison for the rest of his life, a plethora of in-depth magazine investigations into the man are joining the thousands of newspaper articles that have gone before them.
By The Editors | March 19, 2009; 02:02 PM ET | Comments (1)
Fresh details about the Ponzi scheme run by financier Bernard L. Madoff have come to light as Madoff prepares himself for a possible guilty plea in federal court later this week.
By Derek Kravitz | March 9, 2009; 11:10 AM ET | Comments (0)
Speculation is rampant that Bernard L. Madoff, the once-heralded New York investment guru now bedeviled as the mastermind of the world's largest-ever Ponzi scheme, will plead guilty and accept some type of plea agreement next week.
By Derek Kravitz | March 6, 2009; 03:54 PM ET | Comments (1)
Questions about how much the family of disgraced hedge-fund manager Bernard Madoff knew about the $50 billion Ponzi scheme he is accused of operating have swirled ever since the former NASDAQ chairman was arrested two months ago.
By Derek Kravitz | February 12, 2009; 11:57 AM ET | Comments (1)
A lengthy list of disgraced hedge fund manager Bernard Madoff's defrauded investors was released today.
By Derek Kravitz | February 5, 2009; 04:32 PM ET | Comments (10)
It took a little longer than expected but mild-mannered accountant Harry Markopolos broke his silence today on Capitol Hill. And he had a lot to say.
By Derek Kravitz | February 4, 2009; 01:29 PM ET | Comments (0)