Subject:

Corporate Fraud

  • Blogs

    March 13, 2012

    Ruth Madoff's Back In Town -- Should She Still Be Villainized Because Of Her Dirtbag Husband?

    ​Are your torches and pitchforks handy?As you may have heard, Ruth Madoff, the wife Bernie Madoff, one of the most hated men in New York, is back living in the Tri-state area -- and none of her neighbors can muster a kind word about her.Ruth Madoff has moved to Greenwich, Connecticut, reportedly t ... More >>

  • Blogs

    October 13, 2011

    Raj Rajaratnam, Hedge Fund Emperor, Slapped With 11-year Prison Sentence

    ​One of the more sinister figures in the Wall Street scandals, disgraced hedge fund manager Raj Rajaratnam, was sentenced in Manhattan federal court to 11 years in prison today. He was also fined $63 million. Prosecutors described his trail of fraud and deception as the largest hedge fund ins ... More >>

  • Blogs

    June 6, 2011

    Bernie Madoff Employee Pleads Guilty In Massive Fraud; Five More Madoff Employees Face Likely Charges

    ​Another one of Bernie Madoff's employees has pleaded guilty, the feds are saying. Eric Lipkin pleaded to six conspiracy and fraud counts, and agreed to cooperate in the ongoing investigation of the Madoff scam. The Lipkin case demonstrates that Madoff wasn't the only person aware of the scam; ... More >>

  • Blogs

    March 2, 2011

    The Bernie Madoff of Sudan

    ​Sure, the numbers aren't as big, but Adam Ismael, a Sudanese ex-cop, has more than a little bit in common with Madoff, who we shall call the Babe Ruth of Ponzi schemes. You see, Ismael, currently under comfy house arrest even as many of his countrymen suffer torture, ran an investment scheme ... More >>

  • Blogs

    February 28, 2011

    Bernie Madoff Called a Reporter Collect to Relay a Message to His Son: "I Am a Good Person"

    ​A new feature in New York magazine provides updates on Bernie Madoff less than two weeks after the disgraced and jailed Ponzi-schemer gave his first interview from prison, to the New York Times. After the reporter asked for a favor from one of Bernie's friends and fellow inmates, Robert Rosso ... More >>

  • Blogs

    February 14, 2011

    If Mets Go Under, Who Pays for Citi Field?

    ​If the last ten days in the life of Mets owners Fred and Jeff Wilpon were a baseball game, they would have been shut out, made 17 errors, and hit into a game-ending unassisted triple play. (That last feeling, admittedly, is one that they're already familiar with.)

  • Blogs

    February 10, 2011

    Ruth Madoff Shunned at Son's Memorial

    ​When Mark Madoff, son of disgraced Ponzi-schemer Bernie Madoff, killed himself in December, his mother Ruth traveled to Greenwich, Connecticut for the memorial service, but was not allowed in by Mark's widow Stephanie, according to a report by People appearing in today's New York Post. Instea ... More >>

  • Blogs

    December 11, 2010

    Mark Madoff, Bernie Madoff's Son, Found Dead in Apparent Suicide

    Bernie, Mark and Andrew (via)​Bernie Madoff's son Mark, 46, was found dead in his New York City apartment this morning, the New York Post is reporting. Discovered by his father-in-law, with his 2-year-old son in the apartment, Madoff was found hanging, brutally, "from a dog collar attached to ... More >>

  • Voice Choices

    September 15, 2010

    Anti-Flag

    Bernie, Mark and Andrew (via)​Bernie Madoff's son Mark, 46, was found dead in his New York City apartment this morning, the New York Post is reporting. Discovered by his father-in-law, with his 2-year-old son in the apartment, Madoff was found hanging, brutally, "from a dog collar attached to ... More >>

  • Blogs

    December 10, 2009

    On Madoff Anniversary, Biggest Secrets of Bernie's Scheme Still Buried

    HarkavyTime won't tell: A year later, Bernie Madoff's Rolex (not pictured above) has been auctioned off, and we still don't know what made his scheme tick. One year ago today (December 11, 2008, that is), Bernie Madoff was arrested. But after millions of words have been written about his multibill ... More >>

  • Blogs

    December 8, 2009

    Crime Beat: Bernie Madoff Breaks Hearts -- He's Cited in Split of Uma Thurman and Her Rich Fiance Bilked by Bernie

    HarkavyLosing his ass: Uma Thurman reportedly splits from fiance Arki Busson over money issues. Busson was bilked by Bernie Madoff to the tune of a quarter of a billion dollars. Will the flood of Bernie Madoff victims never stop? The latest casualty may very well be the relationship of New Yorker U ... More >>

  • Voice Choices

    December 8, 2009

    'Handel’s Messiah'

    HarkavyLosing his ass: Uma Thurman reportedly splits from fiance Arki Busson over money issues. Busson was bilked by Bernie Madoff to the tune of a quarter of a billion dollars. Will the flood of Bernie Madoff victims never stop? The latest casualty may very well be the relationship of New Yorker U ... More >>

  • Blogs

    December 7, 2009

    Less-Rich Victims of Bernie Madoff May Also Get Tax Breaks As Chuck Schumer Burnishes Own Image

    Madoff left even smaller investors in the lurch.Saying he wants to help some of the not-so-rich victims of Bernie Madoff's Ponzi scheme, Senator Chuck Schumer today unveiled a proposed change in the tax code to give so-called indirect investors some of the tax breaks that wealthier, direct investors ... More >>

  • Blogs

    November 13, 2009

    Madoff Scandal Widens to Computer Programmers

    Two computer programmers who the government has charged with creating and maintaining the software that enabled Bernie Madoff perpetuate his long-running Ponzi scheme were arrested and taken to Manhattan federal court today. The two former employees of Madoff's brokerage firm - Jerome O'Hara of Malv ... More >>

  • News

    October 27, 2009

    We've Bailed out the Banks. When Do We Go After the Crooks Behind our Financial Collapse?

    Two computer programmers who the government has charged with creating and maintaining the software that enabled Bernie Madoff perpetuate his long-running Ponzi scheme were arrested and taken to Manhattan federal court today. The two former employees of Madoff's brokerage firm - Jerome O'Hara of Malv ... More >>

  • Blogs

    August 11, 2009

    Madoff's CFO Pleads Guilty; Faces 125 Years

    Bernie Madoff's longtime finance chief pled guilty in federal court this afternoon to helping his boss carry out a $65 million dollar Ponzi scheme. The accountant, Frank DiPascali, had been employed at Bernie L. Madoff Investment Securities for more than three decades. He was responsible for manag ... More >>

  • Blogs

    July 17, 2009

    Bernie Madoff's Accountant Charged, Pleads Not Guilty

    Bernie's Madoff's longtime accountant, David Friehling, has been charged with aiding and abetting his boss in his $50 billion Ponzi scheme. He pleads not guilty. Friehling allegedly cooked the books for boss man Madoff, and was charged today with securities fraud, aiding and abetting investment adv ... More >>

  • Blogs

    June 29, 2009

    It's Bernie Madoff Sentencing Day! (UPDATE: Madoff Gets 150-Year Maximum)

    Bernie Madoff rolls into court and gets his medicine today. The spectacle has drawn a nice crowd. Madoff's lawyer has "recommended" a 12-year sentence; prosecutors recommend 150 years; Madoff's victims recommend he be slathered in ground beef and thrown into a bear pit. "This isn't a guy who murde ... More >>

  • Blogs

    June 12, 2009

    Millionaire Investors Sue Madoff Clean-Up Team for More Millions

    Let's say you invested money with Bernie Madoff. With that monthly account statement appearing to steadily grow fatter over the years, you had no reason to think that your money was fraudulently invested. But now, along with everyone else, you are aware that the money came out of, and vanished into ... More >>

  • Blogs

    May 1, 2009

    Gucci Mane Has Ice To Spare

    Fuck mortgage-backed securities, default credit swaps, AIG, Fanny Mae, Freddy Mac, Alan Greenspan, George W. Bush, Citigroup, Chrysler, Washington Mutual, Bernie Madoff, Sir Allen Stanford, Henry Paulson, Timothy Geithner, suicide loans, TARP, GM, Wells Fargo, Jerome Kerviel, al-Qaeda, Iran, Osama b ... More >>

  • Blogs

    March 5, 2009

    Ponzi Titan R. Allen Stanford Meets the Art World: Chris Burden's Gold Frozen

    New millennial performance artists Bernard Madoff and R. Allen Stanford long since one-upped the once-extreme antics of avant-pioneers like Marina Abramović or Chris Burden. Car-crucifixions and self-inflicted gunshot wounds can't hope but pale next to the sleight of hand that transmutates billio ... More >>

  • Blogs

    February 19, 2009

    Madoff Lawyer Has Valuable Experience with Madoff-Involved Crooks

    The glossies interview movie stars and scene-makers, but the New York Law Journal interviews Bernie Madoff's lawyer. As you might expect, though, counselor Ira Lee Sorkin doesn't say much. But his history with Madoff is interesting: After meeting the swindler in the 1980s, the former SEC prosecutor, ... More >>

  • Blogs

    February 18, 2009

    Alert! Bernie Madoff will be a no-show at Friday's meeting of creditors. Leave your guns at home.

    Love the note at the Madoff Trustee Site about Friday's "Meeting of Creditors" in the auditorium of U.S. Bankruptcy Court in lower Manhattan: Due to the fact that this case involves a criminal matter, the Trustee does not expect that any member of pre-liquidation management of BLMIS will be present ... More >>

  • Blogs

    February 11, 2009

    Madoff's Wife Pulled Millions Just Before Bernie's Arrest

    Just a day after swindler Bernie Madoff cut a deal with the Securities and Exchange Commission in which he once again agreed not to dispose of any assets, it's being reported that his wife Ruth took $15.5 million out of a Madoff account late last year -- $5.5 million in November, and $10 million o ... More >>

  • Blogs

    February 9, 2009

    SEC dumps chief 'enforcer' on Madoff scandal; Bernie reaches partial settlement with probers

    From HedgeFund.net: The Securities and Exchange Commission enforcement chief is out as the agency faces anger over its handling of the Bernie Madoff alleged Ponzi scam. The SEC said Monday that Linda Thomsen, its director of enforcement, was leaving to return to the private sector. There have be ... More >>

  • Blogs

    February 6, 2009

    Gary Ackerman's phony bluster: He and Congress pals deserve blame; his own district hard hit by Bernie Madoff

    It's time to stop pinning the "news" tag on Gary Ackerman's angry outburst at the SEC yesterday for not stopping Bernie Madoff. Perhaps the most entertaining part of the House hearing, yes. But while the New York Democrat yelled at the SEC, whistleblower Harry Markopolos spoke more softly but cut d ... More >>

  • Blogs

    February 5, 2009

    Fossils still bite: Bernie Madoff and prehistoric snakes

    Good for the New York Times! Always trying to take a broad view (even when one doesn't exist, as Jack Shafer often points out), the paper weighs in on how the plight of Bernie Madoff's white-haired victims gives us valuable insights about the global meltdown with this morning's "Fossils of Larges ... More >>

  • Voice Choices

    January 28, 2009

    Slipknot

    Good for the New York Times! Always trying to take a broad view (even when one doesn't exist, as Jack Shafer often points out), the paper weighs in on how the plight of Bernie Madoff's white-haired victims gives us valuable insights about the global meltdown with this morning's "Fossils of Larges ... More >>

  • Blogs

    January 27, 2009

    Sitting target: Schumer blasts Madoff with elephant gun

    MSNBC captured Schumer's spiel today about the Madoff scandal. Today's Senate Banking Committee hearing on the Bernie Madoff scandal was a perfect chance for pols to grab at the golden ring of video clips, and it looks as if the winner was...New York's own Chuck Schumer! If you missed the dog- ... More >>

  • Blogs

    January 20, 2009

    On track: Barack Obama's conjunction junction

    Can't get enough of Obama's January 17 train ride. Here it is again. Even before today's inauguration, Barack Obama's whistle-stop trip to D.C. brought the best of two worlds to America. Besides being just a really cool thing to do — complete with speeches by the mellifluous new president t ... More >>

  • Blogs

    January 12, 2009

    Cardinal calls Gaza 'concentration camp' -- lit up by white phosphorus, observers say

    Al Jazeera report on white phosphorus in Gaza. As Chico Marx said, "Who you gonna believe, me or your own eyes?" That's easy when it comes to Gaza. The Jewish state's brutal use of white phosphorus — alleged over the weekend by observers on the ground dispatched by NYC-based Human Rights Wa ... More >>

  • Blogs

    January 7, 2009

    Jews v. Arabs: It's war, even if the 'Times' tries to avoid calling it that

    Al Jazeera reporting on the war in Gaza Will somebody please call this a war? You won't find the word "war" in this morning's lede story in the New York Times on Israel's bombardment and invasion of Gaza. Is the Times afraid of offending New York's Jews, especially the right-wing Jewish establ ... More >>

  • Blogs

    January 6, 2009

    Americans start acting responsibly, sending country deeper into depression

    Your own private Idaho. When you can no longer afford even a night out in Boise, Idaho, your country's in deep financial trouble. In a clever immorality tale about 21st century capitalism, the Wall Street Journal tells us this morning that people in the Intermountain West are having to give up m ... More >>

  • Blogs

    January 6, 2009

    Prosecutors: Madoff Sent Out $1 Million in Jewels After Arrest

    The Federal judge considering Bernie Madoff's case told him, understandably, not to send anyone any money. But, prosecutors contended in court yesterday, the Ponzi scheme operator has mailed "at least a million dollars worth of jewelry as gifts to family members and friends" in the interim, and th ... More >>

  • Blogs

    January 5, 2009

    Mike Bloomberg launches preemptive trip to Israel; invasion of NYC unlikely

    Waltz With Bashir, a movie that sprang from a previous Israeli invasion of Lebanon, won Best Picture from the National Society of Film Critics. A free Madoff Watch T-shirt to the reader who suggests the best title for the first movie spurred by Israel's current invasion of Gaza. On an overseas t ... More >>

  • Blogs

    December 31, 2008

    Ponzi schemer Norman Hsu claims stories about Ponzi schemer Bernie Madoff are 'prejudicial'

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 24, 2008

    We're saved! Yankees bail out New York City!

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 23, 2008

    Season's Greetings from Bernie Madoff

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 22, 2008

    Happy holidays: Madoffs shop, Gov. Paterson gallivants

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 18, 2008

    Fellow Arabs honor journalist's feat

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 17, 2008

    Caroline Kennedy in the Senate? Gag me with a silver spoon.

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 17, 2008

    Madoff sets Rolex back

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 17, 2008

    The man who knew too much ... about Madoff

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 16, 2008

    Indiana Jones and the Lost Billions, starring Bernie Madoff as the Grinch

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 16, 2008

    Weekend at Bernie Madoff's

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 15, 2008

    Bush makes Iraqis want to hurl

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 11, 2008

    Finally! A Wall Street Big Confesses All!

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • Blogs

    December 19, 2007

    White Collar Crime Follies

    Hot Air's Ventilators sing "Runaround Hsu." If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy? Look no further than a December 22 court document in ... More >>

  • News

    June 17, 2003

    WorldCom's Accounting Principles

    Open Window. Eject Auditor.

  • News

    July 16, 2002

    Nation

    Open Window. Eject Auditor.

  • More >>

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