NY Court Pushed to Jail Madoff

January 6th, 2009 • No Comments

After a number of legal analysts published attacks on the financial legal system - suggesting that the worst financial punishment which Bernard Madoff, the financier of the now infamous Ponzi scheme, would face was a fine of $1 million U.S - a mere drop compared to the $50 billion it is estimated Madoff may have stolen from investors. Continue reading ‘NY Court Pushed to Jail Madoff.’

Madoff Releases Asset List to SEC

January 1st, 2009 • No Comments

The SEC’s demand last week for Bernard Madoff to release a list of all assets managed and owned by his firm, the now well-known alleged Ponzi scheme attacked last month has finally been honored - the SEC, however, still is far away from determining where the embezzled funds disappeared to. Continue reading ‘Madoff Releases Asset List to SEC.’

Top 10 Madoff Losers

December 25th, 2008 • 3 Comments

Most people who lost money to Bernard Madoff’s “stunning investment fraud” a few weeks ago did not know who he was; he protected his identity through a set of secrecy veils allowing construction of likely the largest Ponzi scheme in history, entirely undetected - but, who lost the most money? Continue reading ‘Top 10 Madoff Losers.’

Federally Prosecuted Fraud Falls Drastically

December 24th, 2008 • No Comments

An analysis released Wednesday suggests that SEC and FBI prosecuted federal financial crimes are decreasing dramatically. At a time where the Madoff case is taking priority, questions are being asked how such large scope fraud sneaks passed the government overseers for so long. Continue reading ‘Federally Prosecuted Fraud Falls Drastically.’