Bernie Madoff

Madoff Auction Pulls In Double Auctioneers Hope

Michael Santo — Sun, 15 Nov 2009 11:24:44 -0600

A Saturday auction of some of the belongings of Bernard and Ruth Madoff pulled in about double what auctioneers had hoped, and far more than the estimated value of the goods, auctioneers said. The total was about $1 million.

Jeffry Picower Made Millions from Madoff Scam: Found At Bottom Of Pool

Michael Santo — Sun, 25 Oct 2009 18:29:35 -0500

Jeffry Picower, a millionaire philanthropist and Bernie Madoff friend, who made millions from the Madoff investment scheme, has been found at the bottom of his swimming pool in Palm Beach. He was later pronounced dead at a hospital. Picower was 67.

Well Fargo Exec Squats in Foreclosed Mansion; Gets Fired

Michael Santo — Tue, 15 Sep 2009 15:15:02 -0500

Cheronda Guyton was, according to LinkedIn, a senior VP at Wells Fargo Bank based in the Greater Los Angeles area. Now, however, she's an unemployed former Wells Fargo employee.

Madoff Beach House To Be Sold

Armen Hareyan — Tue, 01 Sep 2009 07:17:39 -0500

The Government is selling Bernie Madoff's seven million dollar house to recoup some of the money that investors lost. However, most of the investors will never be able to recovery their investment.

Madoff's Last Journey On This Earth

Armen Hareyan — Tue, 14 Jul 2009 16:11:55 -0500

Bernard Madoff today is taken to Butler in North Carolina to serve his 150 years in prison. His life of luxury is a thing of the past. The disgraced financier blamed for what is believed to be the largest Ponzi scheme in history arrived Tuesday at a federal prison in North Carolina to begin a 150-year sentence.

Bernie Madoff Solicitors And Feeder Charged With Fraud

Armen Hareyan — Mon, 22 Jun 2009 16:18:51 -0500

The Securities and Exchange Commission today charged a New York-based broker-dealer and four individuals with securities fraud, alleging that they collectively raised billions of dollars from investors for Bernard L. Madoff's Ponzi scheme.

Madoff Victims Complicit in Fraud?

Armen Hareyan — Mon, 18 May 2009 09:35:23 -0500

Bernie Madoff is back in the news, but this time from a different angle. The question is are his ponzi scheme vicitims complicit in the fraud?

Madoff Mansion Seized By Marshals

Armen Hareyan — Wed, 01 Apr 2009 22:27:55 -0500

According to Reuters the U.S. Marshals seized Bernie Madoff's $9.4 dollar, five-bedroom mansion, yacht, small boat to pay back the 60 billion.

What Do People Say About David Friehling

Armen Hareyan — Wed, 18 Mar 2009 13:20:50 -0500

As the Bernie Madoff's account David Friehling turned himself in he may found himself a public figure that has become the talk of the town. Yesterday I was listening to PBS and heard people commenting that Madoff could not do this together. He had to have accomplices.

David Friehling, Madoff Accountant, Turns Himself In

Michael Santo — Wed, 18 Mar 2009 13:20:26 -0500

Although Bernie Madoff has asserted that he, and he alone, was responsible for the Ponzi scheme for which he faces up to 150 years in prison, "another one bites the dust." David Friehling, his auditor from 1991 - 2008, has been charged with aiding and abetting Madoff's $50 billion pyramid investment scheme.

Madoff Guilty Of Ponzi Scheme, SEC Charges Two Others

Armen Hareyan — Thu, 12 Mar 2009 13:15:39 -0500

After Bernie Madoff is pleaded guilty in a Ponzi Scheme and ordered to jail SEC has charged two others from California in a multi-million dollar Ponzi scheme type of investment fraud.

Bernie Madoff to Plead Guilty; Faces Up to 150 Year Sentence

Michael Santo — Tue, 10 Mar 2009 23:40:00 -0500

It was revealed Tuesday that Bernie Madoff, who perpetrated one of the largest frauds in history, will plead guilty on Thursday to securities fraud, perjury and other crimes. He could face, though unfortunately no serve, up to 150 years in prison.