Jun 29 What Do You Make of the Madoff Sentence? By Business Desk Question: What do you make of the Madoff sentence? Paul Solman: I’m tempted to say that, at 150 years, he may have gotten off lightly. In today’s email came the regular newsletter of one of the world’s most provocative and… Continue reading
Jun 29 Madoff Sentenced to 150 Years in Prison By Admin, PBS News Hour Financier Bernard Madoff was sentenced Monday to 150 years in prison after pleading guilty in March to bilking investors out of as much as $65 billion over two decades. Continue reading
Jun 19 Billionaire Stanford, Bank Officials Indicted in Massive Fraud Case By PBS News Hour Texas billionaire R. Allen Stanford and several associates have been indicted on fraud and obstruction charges in what U.S. Justice Department officials say was a $7 billion pyramid scheme to defraud more than 5,000 investors over more than a decade. Continue reading
May 12 Watch Frontline Examines Role of Key Players in Madoff Affair An accountant and his partner helped Wall Street financier Bernard Madoff recruit clients beginning in the 1960s. The NewsHour airs an excerpt of Tuesday's Frontline, which explores the role of some of the key players in the fraud scheme. Continue watching
May 04 Watch Alleged Ponzi Scheme Swindled Immigrants in Los Angeles Amid growing complaints about Ponzi-type schemes in the wake of the Bernard Madoff scandal, a company in Los Angeles is alleged to have swindled investors out of millions. Special correspondent Jeffrey Kaye reports. Continue watching
Apr 22 Watch TARP Inspector Probes Bailout Fraud, Warns of Program’s Pitfalls Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk. Continue watching
Mar 23 Watch Glut of Foreclosed Homes Encourages Scams, Desperation With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in… Continue watching
Mar 19 Concerns Emerge on Prevention of Stimulus Fraud By Admin, PBS News Hour Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending. Continue reading
Mar 18 Madoff’s Accountant Arrested on Fraud Charges By Admin, PBS News Hour The longtime accountant for jailed swindler Bernard Madoff was arrested Wednesday and charged with fraud dating back 17 years for failing to conduct audits in what was may be the biggest investment fraud on Wall Street. Continue reading
Mar 12 Watch Madoff Pleads Guilty to Massive Wall Street Fraud Bernard Madoff pleaded guilty Thursday to fraud charges totaling an estimated $65 billion. Analysts discuss the case and the prospects of victims recovering any money. Continue watching