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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Madoff exhibit at the National Museum of Crime & Punishment
Staff writerAn exhibit about Bernie Madoff, the nation's biggest financial fraudster, opened this week at the National Museum of Crime & Punishment in Washington, DC. The world's biggest Ponzi schemer who was convicted after an estimated $65 billion fraud is...Tags: Arts and Culture, Crime, Law and Justice, Museums, Punishment, Palm Beach (Palm Beach, Florida)
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Letters: Enron's Skilling and his jail cell
Re "Skilling doesn't deserve a break," Column, May 19 Jeff Skilling, the chief executive of Enron when it defrauded investors before its collapse in 2001, still believes he has the power to extort or bribe his way out of jail. It scares me to think that...Tags: Crime, Law and Justice, Arthur Andersen, Punishment, Prisons
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The Loop Ten: 5-20-13
St. Paul Pioneer PressOur daily countdown of the top newsmakers, groundbreakers and world-class fakers. 1. Three-hour rain delays The only thing worse: a three-hour rain delay with a two-hour showing of "The Sandlot." (previous ranking: unranked) 2. Powerball If you're...Tags: Mitt Romney, Houston Astros, Joe Mauer, Rob Gronkowski, Chris Kluwe
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Exmillonario Madoff gana 40 dólares al mes limpiando ordenadores en la cárcel
Bernard Madoff, condenado a 150 años de prisión en EE.UU. por una de las mayores estafas financieras de la historia, ha pasado de poseer una fortuna de decenas de millones de dólares a cobrar 40 dólares mensuales por limpiar ordenadores, indicó el...
Tags: Long Island, Manhattan (New York City)
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Avi Hoffman brings latest one-man show to Boca Raton
Staff WriterAvi Hoffman is Jewish. Still. So much so the actor proclaims it with the title of his latest stage project, "Still Jewish After All These Years: A Lifetime in the Theatre." The one-man-show is being produced through May 19 by the Boca Raton Theatre...Tags: Palm Beach County, Entertainment, Music, NBC (tv network), PBS (tv network)
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MarksJarvis: Financial pros try to address lack of trust
It's about time. Five years have passed since the financial crisis struck. And only now do Wall Street executives seem to be gaining awareness that many potential clients have lost trust in them and the stock market, and have been voting with their...
Tags: $700 Billion Bank Bailout (2008), Economy, Business and Finance, MF Global, NYSE Euronext, Inc., Financial Markets
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RPT-Investors may lobby JPMorgan to clip Dimon's wings if vote fails
ReutersBy Nadia Damouni and David Henry May 5 (Reuters) - JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief executive after the "London whale"...Tags: California Public Employees' Retirement System, Employees, Career and Workplace, Economy, Business and Finance, Board of Directors
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JPMorgan CEO Dimon to meet with OCC examiners -WSJ
ReutersNEW YORK, May 3 (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon is scheduled to meet next week with bank examiners from the Office of the Comptroller of the Currency in a meeting the bank requested, the Wall Street Journal reported on Friday. According...Tags: Jamie Dimon, Office of the Comptroller of the Currency, JPMorgan Chase & Co., The New York Times, The Wall Street Journal
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US SEC loses its top examinations director to FINRA
ReutersWASHINGTON, May 2 (Reuters) - The head of the U.S. Securities and Exchange Commission's national examination program is leaving the agency, in what marks the latest major personnel change since Mary Jo White took over as SEC chairwoman last month, the SEC...Tags: Mary Jo White, U.S. Securities and Exchange Commission
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Will new SEC hang whistle-blowers out to dry?
The Securities and Exchange Commission is certainly looking all spiffy and new these days. Mary Jo White, the former federal prosecutor and Debevoise & Plimpton law partner, has taken over as chairman. She tapped her longtime deputy at the Southern...Tags: Justice System, Mary Jo White, Barclays PLC, Freedom of Information Act, Arbitration
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Elie Wiesel, history's witness
It was a fine April day last week that found Elie Wiesel at Chapman University; it was a fine April day too, 58 years earlier, when the gaunt, teenage Wiesel found himself alive and suddenly free to walk out of the Buchenwald concentration camp. In the...
Tags: Nazi Party, Justice System, Arab Spring, France, Awards and Prizes
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EDITORIAL: Rate hikes show pension challenge
The Press Democrat, Santa Rosa, Calif.A day of reckoning may be approaching for public agencies weighed down by generous retirement promises for their employees. For years, the California Public Employees Retirement System has kept employer contribution rates artificially low, shielding...Tags: California Public Employees' Retirement System, Warren Buffett, Employees, Career and Workplace, Interior Policy
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May 6, 2013
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