Bernie Madoff News

It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.

Polo shirts emblazoned with the name of Bernard Madoff's yacht, Bull, are among the items that will be auctioned.

US government works to recoup Ponzi scheme victims' losses, one diamond-encrusted gold watch at a time Bernard Madoff arrives at Manhattan federal court Photograph: Stephen Chernin/Getty Images Next week Americans will have the opportunity to bid on Ponzi schemer Bernard Madoff 's personal effects, as the US government auctions off his belongings ...

A former General Motors manager has pleaded guilty to wire fraud and tax evasion, admitting he took $6.5 million in kickbacks in the sale of hundreds of millions of pounds of aluminum worth an estimated $1 billion.

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.

Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.

Of all the items set to go on the auction block this week at a midtown Manhattan hotel, there's one that would take some mettle to wear in public: A satin New York Mets baseball jacket emblazoned with the name "Madoff." The jacket - valued at between $500 and $700 - is among hundreds of pieces of jewelry, clothing and other personal effects once ...

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"I wish I were a Madoff victim, because at least then I would have gotten a third of my money back," said Toebes, who lost some $1.3 million in a scam that didn't attract Madoff-style publicity - or the $500,000 insurance payouts that many Madoff clients could soon get.

A prominent Florida law firm is seeking dissolution and the emergency appointment of a receiver to probe allegations that its managing partner misappropriated substantial funds from investor trust accounts, court documents and media reports said.

A prominent Cuyahoga Falls investment adviser is accused of bilking friends and clients of more than $18 million.

Hedge fund pro Norman Champ is tapped to oversee the government accountants and examiners who failed to sniff out Bernie Madoff.

Charges against 14 snared in insider-trading probe make for unusually entertaining reading.

After another Election Day filled with mostly unsubstantiated Republican claims of vast left-wing voter fraud, the Securities and Exchange Commission is jumping on the GOP bandwagon.

U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.

ST. PAUL, Minn. -- The star prosecution witness in the fraud trial of Minnesota businessman Tom Petters wept Tuesday as she explained her decision to go to federal investigators.

In 1969, Dr. Laurence J. Peter and Raymond Hull developed a business theory entitled the Peter Principle: "In a hierarchy every employee tends to rise to his level of incompetence." The Peter Principle theorizes that at some point, previously competent and productive employees are promoted to a position in which they are no longer either.

Imagine if Bob Woodward and Carl Bernstein, the young, untested Washington Post reporters investigating the Watergate burglary in 1972, had told their editors that they were hitting a few dead-ends. Imagine if those editors, including the gruff Ben Bradlee, had told them to give up because, as Securities and Exchange Commission supervisors told ...

The auditors for Bernard Madoff have agreed not to contest charges brought by the Securities and Exchange Commission that they enabled fraud by the now-jailed Ponzi scheme investor.

Nov 3 - The former outside accountant for Bernard Madoff's firm pleads guilty to fraud charges, yet denies knowledge about any Ponzi scheme.