Madoff will plead guilty to all charges
NEW YORK (AP) - Bernard Madoff could be facing his final hours of freedom after acknowledging that he will plead guilty to charges that he engineered one of the largest investment scams in U.S. history and was ready to face a prison sentence of up to...
1.0K - Mar. 11, 2009; scored 284.0

Madoff is an amateur; Uncle Sam is the real thief
Bernard Madoff, who stands accused of bilking sophisticated investors out of $50 billion, is reported to have told two of his executives that his business was a giant Ponzi scheme. Perpetrators of Ponzi schemes lead clients to believe their...
4.1K - Jan. 9, 2009; scored 316.0

House panel to SEC watchdog: How did Madoff investment fraud fly below commission s radar?
WASHINGTON (AP) The Securities and Exchange Commission heard rumblings about Wall Street money manager Bernard Madoff s investment methods nearly a decade ago. Now a House panel wants to know how, despite those warnings, Madoff continued to operate...
1.1K - Jan. 5, 2009; scored 198.0

No con hurts as much as an affinity con
Losing money doesn t feel very good. Losing it as victim of a con feels even worse. And being conned by a trusted friend multiplies the hurt. But there s a special department of psychic pain for having experienced all of the above while fancying ones...
3.5K - Dec. 23, 2008; scored 399.0

Massachusetts investor saw inside Madoff scam 9 years ago, but few listened
BOSTON (AP) His repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet. But people who know or worked with Markopolos say it wasn t prescience that helped h...
1.2K - Dec. 19, 2008; scored 198.0

SEC chairman says his agency failed to pursue Madoff
WASHINGTON (AP) In a stunning rebuke, the Securities and Exchange Commission chairman blames his career regulators for a decade-long failure to investigate Wall Street money manager Bernard L. Madoff, now accused of running one of the largest Ponzi...
1.3K - Dec. 17, 2008; scored 198.0

Wyden, Merkley to return Madoff money
PORTLAND (AP) Oregon Sen. Ron Wyden and Senator-elect Jeff Merkley said they will donate money they received from disgraced Wall Street money manager Bernard L. Madoff to charity. Madoff, 70, was arrested last week for securities fraud in what pros...
2.1K - Dec. 17, 2008; scored 198.0

Alleged $50B scammer once advised feds
WASHINGTON (AP) The money manager accused of duping investors in one of Wall Street s biggest Ponzi schemes once boasted to the Securities and Exchange Commission about how much money he earned and formally advised the U.S. government on ways to pr...
1.4K - Dec. 16, 2008; scored 1000.0