Bernie Madoff News

White-collar criminals who bilk their victims of more than $1 million will be imprisoned for at least two years in a bill to be tabled Wednesday in Parliament.

What is it that makes the property of villains so valuable on the open market? And I'm not just talking about jewerly, cars, boats and gun collections.

The wife of Jeffry Picower, the longtime Bernard Madoff investor who drowned in his pool last month, told a judge that the trustee for Madoff's firm is "overreaching" in his $7.2 billion lawsuit against the couple.

The beach house in Montauk found a buyer quickly, and for more than its list price .

When you write a column called "Stupid Investment of the Week," the things you are thankful for are a bit out of the ordinary.

Bernie Madoff went from from slick con man to 71-year old inmate. Central Florida was not spared from his ponzi scheme with some residents feeling the sting of his $65 billion con.

The liquidator for Bernard Madoff's business does not need to give evidence revealing why he chose to ignore victims' fake profit from the fraud when calculating their claims in the case, a judge ruled.

HIGH profile City fund manager Nicola Horlick has sold off the rights to manage a A 250m slice of the Hampshire Pension Fund.

It was a year ago next month that the investment community was rocked by the news that a highly respected money manager admitted to running a scam that took in as much as $50 billion in a classic Ponzi scheme.

At the age of 96, philanthropist Carl Shapiro is finding longevity to be a mixed blessing.

U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said.

This largest fraud trial in the history of Minnesota -- and one of the largest in the United States -- wrapped up testimony Friday with defendant Tom Petters laying the blame for the mammoth Ponzi scheme squarely on the shoulders of the woman who reported his alleged crimes to authorities.

Calling the Senate health care bill a package that Ponzi schemer "Bernie Madoff would really envy," Republican Sen.

Financier Bernard Madoff arrives at court. Wall Street swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said Monday, in response to a report that Madoff had told fellow prison inmates he was dying of the disease.

"A series of taken by SEC employees . . . were incompetently carried out and an utter failure," Cambridge attorney Gaytri Kachroo told the Herald yesterday as she filed 27 claims for damages against the U.S. Securities and Exchange Commission.

The government made a final effort to convince jurors on Monday that accused Ponzi schemer Tom Petters orchestrated a $3.65 billion fraud, and is not the victim he claims to be.

'Incredible deals' ... or 'marketing ploy'? By Mitchell Kline * THE TENNESSEAN * November 23, 2009 A series of auctions claiming to offer items being sold by victims of Bernie Madoff appears to be trading on the investment scammer's name as a way to make money, buyers and members of an investor protection group say.

Bernard Madoff's bankruptcy trustee and the law firm employing him have asked a U.S. judge to be awarded $22.1 million in fees for five months of work, boosting their combined total bill to more than $37.5 million.

Kit Bond suggested last night on the Senate Floor and again this morning on Fox News Sunday that the Senate Health Care bill is like Bernie Madoff's criminal ponzi scheme .

Bernard Madoff was sent to prison for running a huge Ponzi scheme that robbed people of millions of dollars.