Politics Dec 13

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Two Years Later, Madoff Scheme Fallout Continues

Saturday marked the deadline for victims of Bernard Madoff's massive Ponzi scheme to file a lawsuit with the court's bankruptcy trustee. Ray Suarez discusses the latest developments with New York Times reporter Diana Henriques, who has covered the story from…

Economy Jul 20

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Is Madoff’s Sentence a Deterrent for Future Swindlers?

Question: I wonder whether the Madoff sentence is a sufficient deterrent for future potential criminals. If he is rumored to have stolen approximately $60 billion, then $60billion/150 years comes out to about $400 million per year. That figure is…

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