Mail & Guardian
Mail & Guardian
bernard madofflatest news & developments

US fraudster Madoff says sentence too harsh

Bernard Madoff, sentenced to 150 years in jail for the biggest financial scam in US history, says the judge’s sentence was too harsh.

JP Morgan says it did nothing wrong in Madoff fraud

JP Morgan Chase said in a court filing on Tuesday that it had no legal obligation to figure out that the Ponzi king’s investment scheme was a fraud.

Madoff trustee sues HSBC for $9bn

Madoff trustee sues HSBC for $9bn

The trustee charged with recouping assets for victims of fraud convict Bernard Madoff is suing banking giant HSBC and related entities for $9-billion.

‘Madoff for celebrities’ charged with cheating stars

A Manhattan investment adviser has been dubbed a "Bernie Madoff for celebrities" after being charged with running a Ponzi scheme.

Madoff trustee to review swindled victims’ claims

The trustee overseeing the liquidation of Bernard Madoff’s firm will ask a court to decide how much the imprisoned swindler’s victims should recover.

Bernard Madoff’s fall from grace

How the respected Wall Street financier who seemed to have the Midas touch became a "nobody" languishing behind bars.

Madoff sentenced to 150 years in prison

Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating Wall Street’s biggest investment fraud.

Madoff can expect de facto life term at sentencing

Bernard Madoff will appear in court on Monday to hear his punishment for running Wall Street’s biggest and most brazen investment scheme.

Ruth Madoff forfeits asset claims, left with $2,5m

Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with ,5-million.

Master swindler Madoff to be sentenced on Monday

Thousands of people who lost their life savings in a multibillion-dollar scam will discover on Monday the fate of Wall Street swindler Bernard Madoff.

Investors press ahead for Madoff’s personal assets

In a move to ensure that all of Bernard Madoff’s personal wealth is used to pay his defrauded customers, some investors filed court papers on Monday.

Trustee agrees to sell part of Madoff’s business

A court-appointed trustee overseeing the liquidation of Bernard Madoff’s assets announced on Friday he has reached a potential -million deal.

Madoff loses bail appeal as victims’ rage revealed

A United States appeals court on Friday denied bail to Wall Street fraud convict Bernard Madoff, as prosecutors highlighted public outrage.

Prosecutors will seek Madoff’s wife’s money

Federal prosecutors have notified a New York court that they also want the assets of Bernard Madoff’s wife.

Madoff’s $823m life of luxury

Court documents released on Friday show that Bernard Madoff and his wife Ruth lived a life of high luxury, with assets worth $823-million.

Madoff pleads guilty to fraud, says he’s ‘deeply sorry’

Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest swindle in Wall Street history, cheating investors out of billions.

Madoff heads to court with plea in the works

Bernard Madoff, expected to plead guilty this week to charges of running Wall Street’s biggest fraud, will appear in court on Tuesday.

US finance regulators grilled over Madoff saga

State and industry regulators were put on the defensive on Tuesday at a Senate hearing over their failure to uncover Bernard Madoff’s fraud scheme.

Bernard Madoff avoids jail

Bernard Madoff, the financier accused of running a massive swindle, is to remain in his apartment after a judge rejected calls for him to be jailed.

Investor’s death probed in widening Madoff scandal

US authorities on Wednesday investigated the apparent suicide of a French investment manager who lost more than a billion dollars.