Nation Apr 14 The rise and fall of ponzi scheme mastermind Bernie Madoff By Stephanie Sy, Patty Gorena Morales
Nation Apr 14 Ponzi schemer Bernie Madoff dies in federal prison at 82 Madoff's death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons. By Associated Press
Health Mar 18 Inmates fearful of virus argue for release Among those making pleas for compassionate release or home detention is President Donald Trump's former attorney Michael Cohen and dozens of inmates at New York City's Rikers Island, part of a jail system that lost a worker to the virus… By Jim Mustian, Joshua Goodman, Associated Press
Nation Jun 26 Why brokerage account insurance is a bigger scam than Madoff Responding to the president and CEO of the Securities Investor Protection Corporation, Larry Kotiloff stands by his call for readers to close their brokerage accounts because the SIPC, he argues, doesn't exist to protect them; it exists to penalize them. By Laurence Kotlikoff
Nation Jun 26 Your brokerage account is safe with the Securities Investor Protection Corporation Do you really need to close your brokerage account, as Larry Kotlikoff warns? Stephen Harbeck, president and CEO of the Securities Investor Protection Corporation, argues that the SIPC has recovered lost investments for victims of investor fraud, such as Bernie… By Stephen Harbeck
Jan 07 Watch JPMorgan settles for $2.6 billion fine over Madoff fallout JPMorgan Chase agreed to pay a record-breaking $2.6 billion fine to settle criminal charges related to the Bernie Madoff fraud case. Authorities charged the bank had turned a blind eye to Madoff's massive Ponzi scheme. Jeffrey Brown gets more detail… Continue watching
Dec 11 Watch How are Bernie Madoff’s fraud victims coping five years later? How are Bernie Madoff's fraud victims coping five years later?… Continue watching
Dec 11 Watch Looking back at Bernie Madoff’s fraud scheme five years on Five years ago, financier Bernie Madoff was arrested for running an elaborate, global Ponzi scheme that defrauded investors of billions of dollars and left many of his thousands of victims with nothing. Madoff is currently serving a 150-year sentence in… Continue watching
Jun 29 Watch News Wrap: Judge Weighs Whether to Grant Bond in Zimmerman Case In other news Friday, a Florida judge began weighing for a second time whether to grant bond to George Zimmerman, the man accused of killing Trayvon Martin. Also, Congress passed a bill that would hold down interest rates on student… Continue watching
Nov 11 Watch News Wrap: SEC Penalizes Employees for Failure to Spot Madoff Scheme In other news Friday, the Securities and Exchange Commission penalized eight employees for failing to spot Bernard Madoff's Ponzi scheme over 16 years. The agency said the measures ranged from pay cuts to suspensions, but no one was fired. Also,… Continue watching