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Bernie Madoff News

News about Bernie Madoff continually updated from thousands of sources around the net.

21 hrs ago | Forbes.com

Why You Can't Be Your Own Financial Advisor

We all like to think we're smart and self-sufficient. A lot of folks believe they can manage their financial lives by themselves.

Comment?

Related Topix: Financial Services

Yesterday | MarketWatch

Retirement Weekly: How does the custodian of your funds work?

Victims of Bernie Madoff's Ponzi scheme, for example, might have avoided big losses had they noted that his custodian and brokerage firm were the same company.

Comment?

Related Topix: Personal Finance, Retirement

Friday | Fox News

Avoiding Fraud in a Frothy Market

I love my job. There's a certain thrill that comes with investing, making a good call and enjoying the big profits.

Comment?

Related Topix: Personal Finance, Retirement, Home, Mortgage, Business News

Friday | Business Journal

Massachusetts' Madoff feeder fund investors can keep suing KPMG, panel rules

A Massachusetts appellate panel has given a group of 27 investors who lost $20 million in hedge funds linked to Bernard Madoff's massive Ponzi scheme the go-ahead to continue suing audit firm KPMG in court.

Comment?

Related Topix: Financial Services, Accounting, KPMG L.L.P

Friday | NewsTarget.com

JPMorgan exposed: Company found guilty of masterminding 'manipulative schemes'

The financial institution that came to epitomize the "too big to fail" concept should have been left to its own economic destruction during the days of the Great Recession it helped to cause back in 2008-09, because had it been allowed to go under, its criminal behavior would have ended then.

Comment?

Thu May 23, 2013

International Business Times

Madoff Names Names Again, And Carl Shapiro Calls Him A Liar

Bernie Madoff is naming names again. But the only living person he is trying to implicate says the disgraced former financier is a liar.

Comment?

Related Topix: Federal Prisons, Prison, Butner, NC

MSNBC

Madoff trinkets are crime museum's latest attraction

A new exhibit at the Crime Museum includes a master key to Bernard L. Madoff Investment Securities at 885 Third Ave.

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Related Topix: Financial Services, Bernard L Madoff Investment Securities, Investment Services, US News, US Federal Bureau of Investigation

Tue May 21, 2013

Philly.com

A cautionary tale for whistle-blowers

If you have the guts to blow the whistle on a Wall Street investment fraud and approach U.S. regulators with your allegations, beware the case of Kathleen Furey.

Comment?

Related Topix: Law, Employment / Labor Law, Opinion

Mon May 20, 2013

Black Enterprise

How Much Does Bernie Madoff Earn in Jail?

Bernie Madoff used to live a life of luxury at the expense of many who lost their life's savings dealing with him.

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Related Topix: Federal Prisons, Federal Correctional Complex, Butner, Prison, Butner, NC

Fri May 17, 2013

Forbes.com

Snuff the SEC

If regulation-hating conservatives were serious about shrinking government, they should go whole hog and press for the elimination of the Securities and Exchange Commission .

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Healthcare Law, US News, Social Security, Personal Finance

Thu May 16, 2013

WGAL-TV Lancaster

Prison exclusive: Bernie Madoff can't sleep

"I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems," said Madoff, speaking by phone from a federal prison in North Carolina.

Comment?

Related Topix: Federal Prisons, Federal Correctional Complex, Butner, Prison, Butner, NC

Mon May 13, 2013

Motor Boating Magazine

Whither Bernie Madoff's Yacht

Convicted felon Bernie Madoff, who masterminded what is believed to be the biggest Ponzi scheme in U.S financial history, is serving a 150-year sentence behind bars while the liquidators of Madoff Securities International try to find a buyer for his yacht.

Comment?

Related Topix: France, World News

Phoenix New Times

Russell Pearce Gets Mad Love from the Arizona Republic

One thing both The Republic and Pearce lack: A sense of shame. Prepare for 15 seconds of commercial before the foot-licking begins.

Comment?

Related Topix: Arizona

Fri May 10, 2013

MarketWatch

Murdoch leaps to Jamie Dimon's defense

Chairman Rupert Murdoch weighed in on the controversy surrounding J.P. Morgan Chase's CEO and chairman, Jamie Dimon, via a tweet late Thursday.

Comment?

Forbes.com

Judge Slams Contract-Attorney Charges In Madoff Feeder Fund Case

A federal judge in New York approved a hotly disputed fee for lawyers who negotiated a $217 million settlement with Madoff "feeder funds," but only after leveling harsh criticism at the firms for trying to obtain excessive markups for low-paid contract attorneys.

Comment?

Thu May 09, 2013

The Huffington Post

Norman Solomon: Obama in Plunderland: Down the Corporate Rabbit Hole

The president's new choices for Commerce secretary and FCC chair underscore how far down the rabbit hole his populist conceits have tumbled.

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Related Topix: Business News, Federal Communications Commission, Securities and Exchange Commission, Corporate / Securities Law, Law

Wed May 08, 2013

The Daily Beast

JPMorgan Chase's Crazy Fine Tally

JPMorgan Chase is one of America's largest and most highly regarded banks. But in the past few years, it has paid out several billion dollars to settle lawsuits from consumers and regulators.

Comment?

Related Topix: Foreclosures, New York, Home, Mortgage, Personal Finance

Tue May 07, 2013

Silicon Alley Insider

For The First Time At A Shareholder Meeting, Jamie Dimon Might Actually Be In Some Trouble

Every year JP Morgan shareholders get together for their annual kumbaya meeting on the state of the bank, and every year a few agitators propose that CEO Jamie Dimon give up his position as Chairman of the Board.

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Related Topix: Banking, JP Morgan Chase

Mon May 06, 2013

Investopedia

Decline Of The Independent Broker-Dealer

There have been estimates that the number of broker-dealers registered with FINRA fell by nearly 10% between 2005 and 2010, a trend that has continued over the past couple of years, and is expected to be seen in the future, due to a couple of key factors.

Comment?

Related Topix: Raymond Ltd, Apparel

Fortune

Madoff lawyers collect $700 million in fees

The law firm of Irving Picard, right, has reeled in hundreds of millions of dollars cleaning up the mess of Ponzi convict Bernard Madoff, left.

Comment?

Related Topix: Economics News, Bankruptcy