ABC news reported, via their WTVD affiliate in North Carolina that 71-year-old Bernie Madoff may have been assaulted in prison, where he began a 150 year sentence in July. The report said he was discharged from Duke University Hospital two days ago after being treated for facial fractures, broken ribs and a collapsed lung. Officials
Bernard Madoff
ABC news reported, via their WTVD affiliate in North Carolina that 71-year-old Bernie Madoff may have been assaulted in prison, where he began a 150 year sentence in July. The report said he was discharged from Duke University Hospital two days ago after being treated for facial fractures, broken ribs and a collapsed lung. Officials
Of all the Madoff ponzi scheme and accompanying credit market madness, this is a fitting end, courtesy of The Daily Show’s John Oliver.
Madoff gets maximum 150 years in prison for his career-long money management ponzi scheme. Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin issued the maximum sentence to the 71-year-old defendant, who said he lives “in a tormented state now, knowing all the pain and suffering I’ve
Below is the full list of Madoff clients making claims according to AlixPartners, the firm handling the restructuring. According to NY Times DealBook: the list includes anyone who responded to advertisements placed by the trustee overseeing the bankruptcy of the firm. Not every name on the list is necessarily a victim of Mr. Madoff’s reputed
Both the direct hedge fund industry and the fund-of-fund industry have been under significant scrutiny in recent weeks and months. The Bernard Madoff scandal was clearly the most high profile event that has drawn this negative attention. In addition, David Swensen, the highly regarded Yale endowment fund manager recently expressed a harsh view of the
Made-Off finishes his holiday shopping while his victim list grows larger and more upset.
Obama has picked Mary Shapiro to succeed Chris Cox as head of the troubled SEC. The securities industry regulator has taken hits over lax oversight of Lehman Brothers and Bear Stearns and also is currently getting slammed for missing (or perhaps ignoring) the $50 billion in fraud committed by Bernard Madoff. Shapiro is now the
Today, Bernard Madoff (pronounced Made-Off), the investor who took high-end client investment funds for years and used them to pay off old investors and racked up about $50b in fraud, was placed on house arrest and his wife’s passport was seized. The stories are plentiful, so here’s a great Madoff collection by WSJ, and a