Highlights
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
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Former city councilman thinks Hagerstown mishandled anonymous donor
cj.lovelace@herald-mail.comA former Hagerstown City Councilman and one re-elected in November have differing viewpoints about how the city handled information about an anonymous eight-figure donation that would have helped make a downtown stadium project possible. Councilman...Tags: Public Officials, Easton (Easton, Pennsylvania), Government, Politics, Crime, Law and Justice
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Academy of Finance students experience Big Apple business
Members of the Academy of Finance program at South Hagerstown High School recently visited the business district in New York City.
The tour began at the Grand Central Terminal, a transportation hub for commuters and a destination for tourists like...Tags: Financial Markets, New York City, Commuting, Statue of Liberty, History
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Exmillonario Madoff gana 40 dólares al mes limpiando ordenadores en la cárcel
Bernard Madoff, condenado a 150 años de prisión en EE.UU. por una de las mayores estafas financieras de la historia, ha pasado de poseer una fortuna de decenas de millones de dólares a cobrar 40 dólares mensuales por limpiar ordenadores, indicó el...Tags: Long Island, Manhattan (New York City)
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Avi Hoffman brings latest one-man show to Boca Raton
Staff WriterAvi Hoffman is Jewish. Still. So much so the actor proclaims it with the title of his latest stage project, "Still Jewish After All These Years: A Lifetime in the Theatre." The one-man-show is being produced through May 19 by the Boca Raton Theatre...Tags: Tony Curtis, Music, Judaism, Celebrities, Palm Beach County
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MarksJarvis: Financial pros try to address lack of trust
It's about time. Five years have passed since the financial crisis struck. And only now do Wall Street executives seem to be gaining awareness that many potential clients have lost trust in them and the stock market, and have been voting with their...
Tags: $700 Billion Bank Bailout (2008), Financial Markets, Economy, Business and Finance, Finance, MF Global
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Will new SEC hang whistle-blowers out to dry?
The Securities and Exchange Commission is certainly looking all spiffy and new these days. Mary Jo White, the former federal prosecutor and Debevoise & Plimpton law partner, has taken over as chairman. She tapped her longtime deputy at the Southern...Tags: Goldman Sachs Group, Inc., JPMorgan Chase & Co., The New York Times, Parties and Movements, Politics
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Elie Wiesel, history's witness
It was a fine April day last week that found Elie Wiesel at Chapman University; it was a fine April day too, 58 years earlier, when the gaunt, teenage Wiesel found himself alive and suddenly free to walk out of the Buchenwald concentration camp. In the...
Tags: Freedom of the Press, France, Germany, Politics, Lawyers
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MICG investor taped confrontation with Martinovich
An investor who said he got burned after putting money in a MICG Investment Management hedge fund secretly taped a confrontation with the firm's principal, Jeffrey A. Martinovich. Bill Carper Jr. was a retired small businessman in 2009 when he was...
Tags: Finance, Lifestyle and Leisure, Lawyers, Judges, Newport News (Newport News, Virginia)
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Madoff investors cannot sue SEC, federal appeals court says
Investors who lost big when Bernard Madoff’s Ponzi scheme unraveled cannot sue federal regulators, despite the government’s “regrettable inaction,” a federal appeals court ruled. Madoff victims had sued, arguing that the...
Tags: Mary Schapiro, U.S. Securities and Exchange Commission
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Extortion at funerals? That's low, even for low-life scammers
Watchdog with Paul MuschickWith this being National Consumer Protection Week, I'm receiving all sorts of tips about the latest scams and how to avoid them. This list from the Bucks County Crimes Against Older Adults Task Force includes one that's new to me...... -
The last Dow record: My, how things have changed
Remember the world on Oct. 9, 2007? That was when the Dow Jones industrial average last set a record high. It was a headier time back then: pre-financial crisis, pre-bailouts, pre-Great Recession. The stock market still felt like a party. The economy,...Tags: Barry Bonds, Financial Markets, JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Tiger Woods
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Bernard Madoff urges investigators to keep pursuing big banks
Imprisoned money manager Bernard Madoff is encouraging those investigating his massive Ponzi scheme to keep going after banks he alleges were complicit in the fraud. Madoff, who is serving a 150-year sentence for defrauding investors out of billions...
Tags: The New York Times, Fox Business Network (tv network)
Dec 13, 2012
|Story| Herald Mail
Jul 4, 2011
|Story| Herald Mail
May 17, 2013
|Story| South Florida Sun-Sentinel
May 8, 2013
|Story| SFL
May 8, 2013
|Column| Chicago Tribune
Apr 30, 2013
|Column| Allentown Morning Call
Apr 23, 2013
|Column| Los Angeles Times
Apr 23, 2013
|Story| Hampton Roads Daily Press
Apr 10, 2013
|Story| Los Angeles Times
Mar 5, 2013
| Allentown Morning Call
Mar 6, 2013
|Story| Petoskey News
Feb 26, 2013
|Story| Los Angeles Times
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