The Search for Madoff’s Friends

March 13th, 2009 • No Comments

Madoff being finally behind bars awaiting sentencing, investigators have turned much of their efforts to wrapping up the loose ends — identifying those who could have been involved in the $70 billion Ponzi scheme. Continue reading ‘The Search for Madoff’s Friends.’

Madoff Pleads Guilty, Risk of Flight

March 12th, 2009 • No Comments

After announcing the intent to plead guilty yesterday, Bernard Madoff, 70, of the $40-80 billion U.S. Ponzi scheme headed under his market maker company, Bernard Madoff Investment Securities, completed the plead to 11 counts of crimes including money laundering, securities fraud and perjury. Continue reading ‘Madoff Pleads Guilty, Risk of Flight.’

Madoff Pleads Guilty to Financial Fraud

March 11th, 2009 • No Comments

Bernard Madoff, 70, infamous fraudulent Wall Street fund manager and NASDAQ chairman, announced the intent to plead guilty to all eleven counts of felony financial fraud in Thursday’s court hearing. Continue reading ‘Madoff Pleads Guilty to Financial Fraud.’

Prosecutors, Madoff May Reach Plea Bargain

March 6th, 2009 • No Comments

Prosecutors in the Bernard Madoff case filed a motion which suggests Madoff may be ready to plea guilty to the $40 billion Ponzi scheme. Continue reading ‘Prosecutors, Madoff May Reach Plea Bargain.’