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Bernard L. Madoff

29-12-2008

Fairfield Greenwich Group is the biggest loser in the Madoff fraud
MSN
Fairfield Greenwich Group The investment firm headed by Walter M. Noel Jr., who had a long-running business relationship with Madoff, is the biggest loser in the fraud, facing potential losses of $7.5 billion, more than half the firm’s assets, according to the New York Times.

28-12-2008

Madoff ordered to reveal assets
The Age
INVESTORS looking to recoup some of the $US50 billion ($A73 billion) they lost in Bernard Madoff's alleged Ponzi scheme will get a clearer picture of the ...

CS clients may have lost 1 bln Sfr on Madoff-paper
Reuters
Credit Suisse spokesman Jan Vonder Muehll said: "Credit Suisse did not actively recommend or sell products invested with Bernard Madoff. ...

CAs being equipped to fight Madoff-like corporate duping
Hindu Business Line
Similarly, the $50 billion fraud by Wall Street trader Madoff reinforces the need for a stronger accounting system. Madoff siphoned off billions of dollars ...

Regional link to Madoff
The Nation Newspaper
by TONY BEST That prediction by a Wall Street analyst a few days after the US$50 billion fraudulent Ponzi scheme masterminded by Bernard Madoff made ...

The perfect response to the Madoff debacle
Boston Globe
In the wake of Madoff's profound violation of his ethical and fiduciary duties, can we trust anyone any longer? Sustenance and Spirituality. ...

Sunshine Staters curse shady Bernard Madoff
Boston Herald
Final tab on the scam, by Bernie’s own accounting: $50 billion, that’s billion with a B. Madoff’s victims are scattered across the globe, but Palm Beach may ...

Business digest: Bernard Madoff, Dexia, SAIC, Gazprom and Ikos
Times Online, UK
BERNARD MADOFF, the man behind the $50 billion (£34 billion) alleged fraud that shook the financial world, has been ordered to produce a list of all his ...

Madoff probe focuses on tax havens
guardian.co.uk, UK
The hunt for funds allegedly cheated out of investors by Bernard Madoff, who faces fraud charges in New York, has turned to offshore tax havens where ...

Madoff's Victims to Review His Wallet
Washington Post, United States
By Erik Larson Investors looking to recoup some of the $50 billion they lost in Bernard Madoff's alleged Ponzi scheme may get a better idea what the New ...

They Told Me That Madoff Never Lost Money
New York Times, United States
I thanked them for their time and promptly looked up Bernard Madoff online. Nothing I saw was even a bit convincing that he had made a breakthrough in ...

Day before husband's suicide, wife of French financier ruined by ...
New York Daily News, NY
BY VERONIKA BELENKAYA The day before a French aristocrat killed himself in despair over the Bernie Madoff Ponzi scheme, he was preparing to part with some ...

27-12-2008

Madoff Disaster-Recovery Kit Up for Auction at EBay
Bloomberg
26 (Bloomberg) -- A Bernard Madoff disaster-recovery kit is among the items up for auction on EBay Inc.’s Web site as sellers look to turn a quick buck ...EBAY

Wealth Creation, or a Ponzi Scheme?
Infoshop News
Last week the Good Lord evidently realized that not enough people had been reading Hyman Minsky’s explanation of how financial cycles end in Ponzi schemes ...

Madoff to Reveal Assets as Investors Sue for Funds
Bloomberg
26 (Bloomberg) -- Investors looking to recoup some of the $50 billion they lost in Bernard Madoff’s alleged Ponzi scheme may get a better idea what the New ...

Madoff Investor De La Villehuchet Lost Own Money, AP Reports
Bloomberg
11 after confessing to employees that his “giant Ponzi scheme” may have cost clients as much as $50 billion. De la Villehuchet, 65, was found dead in his ...

26-12-2008

Madoff Is Deja Vu All Over Again in Albania
Bloomberg - 12 hours ago
Now, in the post-Bernard Madoff era, it is clear that financially uneducated Russians and Albanians have a lot in common with millionaires like filmmaker ...

Madoff Scam Will Hit the Feds Too
Wall Street Journal
Regarding your editorial "To Catch a Thief" (Dec 18): One of the biggest losers overlooked in Bernard Madoff's alleged $50 billion Ponzi scheme will be the ...

Broad Probe Into Hedge Fund
Wall Street Journal

Because of the size of Mr. Madoff's money-management business, some have speculated that he had help in orchestrating what he described as a Ponzi scheme. ...

Some Jews fear Madoff case stokes anti-Semitism
The Associated Press
But the allegations against Madoff are particularly wrenching for some in the Jewish community, who fear that the sensational case is fanning vicious ...

Lessons From Madoff: You Would Have Missed Buffett Too
Seeking Alpha, NY
The tide went out in 2008 and Bernard Madoff was found to be swimming without a bathing suit. His investment firm collapsed this month, being “basically, ...

Long Tentacles of Madoff's Scheme Impacting Life-Giving Programs
FOXNews
Such is the far and varied reach of Bernard Madoff's $50 billion Ponzi scheme. The Jewish Federation of Greater Los Angeles said its funding of family ...

Madoff pulls off the biggest scam in US history
Florida Courier, florida
Reports are that Bernie Madoff , an erstwhile “pillar of Wall Street,” swindled $50 billion from a motley crew of rich folks, from Hollywood director Steven ...

World's wealthiest woman victim to Madoff's fraud
Economic Times, India
The second richest person in France, with estimated wealth of 22.9 billion dollars, had entrusted part of her fortune to Madoff. The perpetrator of the ...

Wiesel Foundation Loses Nearly Everything in Madoff Scheme
Wall Street Journal
Many Jewish charities invested with Mr. Madoff, and some have had to close their doors. The Wiesel Foundation said it would continue ...

NYU sues guru in 'unauthorized' $24M Madoff investment
New York Daily News, NY
... The university says it suffered a $24 million loss after entrusting the money to a financial guru who sunk it into Madoff's $50 billion Ponzi scheme. ...
 

24-12-2008

Madoff investor kills himself after massive losses
Yahoo! News
Madoff investor kills himself after massive losses AFP/File – Bernard L Madoff walks down Lexington Ave in New York City to his apartment, December 17. ...

23-12-2008

In Madoff Scandal, Jews Feel an Acute Betrayal
New York Times, United States
I’d like to believe someone raised in our community, imbued with Jewish values, would be better than this.” Among the apparent victims of Mr. Madoff were ...

Who was Ponzi -- what the heck was his scheme?
CNN
The alleged scam, which cost investors $50 billion, sounds like a classic Ponzi racket. The New York home of Bernard Madoff, who's accused in a $50 billion ...

20-12-2008

Ponzi scam artists share charm, respectability
The Associated Press
Bernard Madoff, the Wall Street trader accused of running the biggest Ponzi scheme in history — $50 billion — dealt in more astounding numbers than others ...

18-12-2008

Mr. Madoff's Ponzi Scheme
Hartford Courant
Losses from financier Bernard L. Madoff's alleged Ponzi scheme could total $50 billion, a number that could set a new record for fraud on Wall Street, ...

17-12-2008

Madoff case an embarrassment for the SEC
The Star
17 Dec 2008 ... THE US$50bil fraud allegedly committed by broker Bernard Madoff is a major embarrassment for the US Securities and Exchange Commission and ...

16-12-2008

Alleged Madoff fraud has worldwide exposure
The Star
16 Dec 2008 ... The alleged victims who sunk cash into veteran Wall Street money manager Bernard Madoff's investment pool include a trust tied to real ...

HSBC confirms US$1b exposure to Madoff
BTIMES
16 Dec 2008 ... Madoff, a 70-year-old Wall Street veteran, was arrested last Thursday. He is alleged by US prosecutors to have confessed to defrauding ...

12-12-2008

Wall Street's Latest Downfall: Madoff Charged with Fraud
TIME
12 Dec 2008 ... Quirky Wall Street pioneer may be a $50 billion crook.

Bernard Madoff arrested over alleged $50 billion fraud
Yahoo! News
Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what ...