Bernard Madoff has hired a veteran prison consultant to help him to find the best possible jail in which to serve his 150-year sentence for Wall Street’s biggest fraud. “He was incredibly disappointed. He knew he was going to spend the rest of his life in prison. I don’t think that was ever an issue,” Mr Hoelter told The Times. “But it’s patently unfair to ca... read full post picked by Bingo 9 months ago

They're saying it was suicide. That Bernie Madoff f**ked a whole lot of people picked by sykeo56 1 year ago

Judge ruled today that Bernard Madoff, the man who allegedly committed the largest financial crime in history, will not go to jail while he awaits trial. Instead he will remain under house arrest, in the comfort of his posh penthouse apartment in Manhattan, despite prosecutors' somewhat belated efforts to put him behind bars. picked by equinox 1 year ago

The man who made $7 billion in the Bernie Madoff Ponzi scheme, Jeffry Picower, was found dead in his Palm Beach, Fla., swimming pool Sunday. picked by equinox 5 months ago

Disgraced US financier Bernard Madoff has been jailed after pleading guilty to all 11 charges surrounding an estimated $50bn (£35bn) fraud. "I cannot adequately express how sorry I am for what I have done," Madoff told the court. Yeah right. bla bla bla. picked by equinox 1 year ago

Bernard Madoff was sentenced Monday to 150 years in prison for his multibillion-dollar fraud scheme, the maximum the law allowed. picked by shep182 9 months ago

They also closed their own Madoff accounts at that time and withdrew hundreds of thousands of dollars each, prosecutors said. The two men, who started to work for Mr. Madoff in the early 1990s, left in December 2008, according to the S.E.C. complaint. picked by drogue 4 months ago

Bernie Madoff confessed to duping thousands of people out of their life saving, including his own family, friends, charities and some big-named celebs. Explore below to see who was swindled. Just hold your mouse over the victim's head to see how they got duped. picked by Bornbad 1 year ago

It now appears that the biggest winner in Madoff's scheme may not have been Madoff at all, but a secretive businessman named Jeffry Picower. picked by jLoSsDh 8 months ago

Instead of acting prudently and following his fiduciary duty, Ronald I. Lappin placed his employees' 401(k) funds along with some of the assets of a personal tax shelter/charity with Madoff. This resulted in the loss of the retirement savings of his 60 employees. He paid $5M to the 401(k) fund and to his charity. Philanthropist or did he just avoid a lawsuit which would have cost him everything? picked by 2manyusernames 8 months ago

White collar criminals might not flee because they're not good without their credit cards; a retired FBI agent told the Times, "They’re helpless. They’re just not good fugitives." picked by suebe 12 months ago

How does it feel, Bernie?

Swindler extraordinaire Bernard Madoff got a taste of his own medicine last weekend when a burglar stole a $10,000 statue from his posh, $9.4 million Palm Beach estate, according to a police report. picked by suebe 1 year ago

Ponzi schemer Bernie Madoff is being held in a super-max wing of the Manhattan federal lockup - a unit so tough it drives hardened criminals mad.

*I almost feel sorry for him...NOT!* picked by tigertony 12 months ago

Irving Picard, the trustee unraveling Bernard Madoff's Ponzi scheme is demanding that those investors who were paid profits from duped investors return their gains so that the monies can be divided amongst all investors. picked by 2manyusernames 11 months ago

With a note...Update to this post picked by suebe 1 year ago

One person at the SEC who’s not authorized to talk says some people at the agency got Harry. But he rubbed most the wrong way. And they couldn’t get past that to really listen to him. picked by mattgup 11 months ago

Great white sharks have some things in common with human serial killers, a new study says: They don't attack at random, but stalk specific victims, lurking out of sight. picked by bornbad 9 months ago

Over $50 for a christmas card and currently bids at $400 for a baseball cap. My favorite, the "Madoff Disaster Recovery Kit" given out to all his office staff. I doubt the whistle and wetnaps will do much good now. picked by equinox 1 year ago

“I have people who have been with me a long time,” said Lappin. “My maintenance manager and my bookkeeper have been here for over 30 years and my secretary, who retired, had been with me for 42 years. How could I turn my back on them?” picked by dollyllama 1 year ago

U.S. Marshal Joseph R. Guccione said, "Our goal is to place the homes on the market soon to minimize the amount of time they remain in our inventory and maximize the return to the victims.” All the items from the beach house, including Ruth Madoff's shoes, will be auctioned off." picked by suebe 7 months ago