Bernie Madoff

Mark Madoff, the son of Bernie Madoff, committed suicide over the weekend. Gary Kaminsky is on CNBC lambasting the other mainstream media for saying that the sons didn't know about what Bernie was actually doing. Kamisnky said discussions amongst the family member had to have occurred and Mark had...

Bernie Madoff is the swindler that keeps on giving. According to a report from the Wall Street Journal, Madoff's last home was just put under contract for around $5 million to a California couple, whose identity was not revealed. The proceeds of the sale would most likely go to a fund for investors...

This is a little dated, but if you haven't read it, be sure to check it out. In June, New York magazine published a detailed look into Bernie Madoff's life in prison. It is a fascinating read. In many ways, the fall of Madoff is symbolic of an end to an era in America. An era that was defined by...

Reuters tweets that a possible settlement with the estate of the late Jeffry Picower could substantially add to the recovery for the victim's of Bernie Madoff's Ponzi scheme to the tune of $2 billion. However, there are multiple lawsuits against Picower's estate that are causing a settlement to be...

Apparently Bernie Madoff has no sympathy for his victims. An article in New York Magazine says Madoff told inmates at the prison where he is serving a 150 year jail sentence that his victims deserved what happened to them because they were rich and greedy. The article reports that one evening a...

According to a Bloomberg article, the global hedge fund industry is likely to have its first annual net capital inflow this year since 2007. The largest allocators of new capital have been pensions, sovereign wealth funds and foundations. Previously, these institutional investors had preferred to...

Bernard L. Madoff was arrested by the federal agents at his Manhattan penthouse apartment exactly one year ago. Mr. Madoff shares an unlocked cell at the medium-security prison at Butner Federal Correctional Complex with a younger man named Frank. He wears khaki prison garb and has been spotted...

The misery of the former employees at the Bernard L. Madoff Investment Securities continues as they try to come to terms with the reality, post the collapse of the firm after the arrest of the proprietor whom the firm was named after. Such is the level of distrust in the market for anybody to do...

Bernie Madoff’s Ponzi Scheme negatively impacted a luxury Long Island country club and brought it to the brink of bankruptcy. But this golf course is out of the woods due to a local businessman. Real Estate Developer Don Zucker has offered to buy this Glen Head located golf course for $12.5...

Losses of over $21.2 billion are reported from Bernard Madoff’s Ponzi scheme. The figure had come out yesterday when government appointed trustee Irving Picard announced that the Securities Investor Protection Corp had set $534 million aside to repay Ponzi victims. It has been discovered that the...