Highlights
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
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Mets Owners Settle With Trustee In Madoff Case
The owners of the New York Mets settled for $162 million with the court-appointed trustee in the Bernard Madoff Ponzi scheme on Monday, according to the federal court handling the case.
Trustee Irving Picard, who is in charge of recovering assets...Tags: Corporate Crime, Fraud, CNN (tv network)
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Tags: CBS Corp., Corporate Crime, Fraud, Prisons, Crimes
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4-Alarm Blaze Consumes Historic Upper East Side Synagogue
A four-alarm blaze left a historic synagogue on Manhattan's Upper East Side in shambles Monday.
According to officials, the fire tore through the Kehilath Jeshurun Synagogue at around 8 p.m. Flames could be seen shooting out of the windows and through...Tags: The New York Times, Manhattan (New York City), Judaism, Upper East Side, Disasters and Accidents
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Hedge Fund Manager Eyeballing Minority Stake In Mets
Reuters reporterHedge fund manager David Einhorn is playing ball with the New York Mets and on the verge of buying a minority stake in the cash-strapped Major League Baseball team for $200 million. Einhorn, the manager of Greenlight Capital, is in exclusive talks with...Tags: Corporate Crime, Real Estate Buyers, ESPN (tv network), Fraud, Crime, Law and Justice
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NY Mets Owners Hit With $300 Million Madoff Lawsuit
Staff reporterThe owners of the New York Mets turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges. Irving Picard, the court-appointed trustee...Tags: Corporate Crime, Business, Fraud, Crime, Law and Justice, Litigation
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Bernard Madoff Speaks From Jail
pix11.comBernard Madoff—convicted in the biggest “Ponzi Scheme” in history—is trying to rehabilitate his image from federal prison in North Carolina. In a series of phone calls to reporter Steve Fishman, of New York magazine, Madoff said...Tags: Corporate Crime, Punishment, Suicide, Fraud, Crime, Law and Justice
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Report: Martin Luther King's Son Interested In Buying Into Mets
The son of Martin Luther King Jr. is reportedly interested in becoming a minority owner of the New York Mets.
The New York Post reported Sunday that Martin Luther King III was part of a bid that includes former Mets first baseman Ed Kranepool, Donn...Tags: Martin Luther King Jr., Martin Luther King III, New York Mets
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Mets Owners Explore Partial Sale Of Team
The New York Mets are exploring a partial sale of the team as they face a lawsuit from a trustee trying to reclaim money for victims of the Bernard Madoff swindle.
Court-appointed trustee Irving Picard has said the Mets made nearly $48 million in Madoff'... -
Judge Revokes Bail For Bernie Madoff Secretary
Staff reporterBernard Madoff's former secretary was ordered Tuesday to surrender in Florida by a judge who revoked her $5 million bail, saying her access to large amounts of money created "a very real potential" she could flee. U.S. District Judge Laura Taylor Swain...Tags: Corporate Crime, Suicide, Fraud, Crime, Law and Justice, West Palm Beach
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Madoff Trustee Gets $7B Settlement
The trustee recovering money for Bernard Madoff's burned investors has reached a $7.2 billion settlement with the estate of a Florida philanthropist and businessman who had been the single-largest beneficiary of the fraud.
The settlement with the...Tags: Heart Attack, Physical Conditions, Health, Manhattan (New York City), Palm Beach (Palm Beach, Florida)
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LI Businessman Pleads Guilty In $413M Ponzi Scheme
A New York businessman nicknamed a "mini-Madoff" because he was arrested only weeks after the billion-dollar swindler, pleaded guilty Friday to charges he orchestrated a $413 million Ponzi scheme that victimized thousands of investors.
Nicholas Cosmo,...Tags: Corporate Crime, Punishment, Crime, Law and Justice, Fraud, Long Island
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Two Women Arrested In Connection With Madoff Case
Two longtime back office employees of disgraced Bernard Madoff have been arrested on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.
The pair, identified as Joann Crupi and Annette Bongiorno,...Tags: Corporate Crime, Fraud, Crime, Law and Justice, Real Estate, Manhattan (New York City)
Mar 19, 2012
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Oct 30, 2011
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Jul 12, 2011
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May 26, 2011
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Mar 1, 2011
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Jan 31, 2011
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Jan 28, 2011
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Dec 21, 2010
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Dec 17, 2010
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Oct 29, 2010
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Nov 18, 2010
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