Jailed Ponzi schemer Bernie Madoff’s chief financial officer, Frank DiPascali, has appeared in court, detailing how he helped Madoff pull off one of the biggest scams in the history of Wall Street.
Ponzi schemes
How Madoff got his money
How did Bernie Madoff go from a shabby house in Queens, to ending up a convicted felon who defrauded billions of dollars? Jerry Oppenheimer explains.
Ruth Madoff facing $45m lawsuit
A trustee attempting to recover money for investors duped by Bernie Madoff’s Ponzi scheme is suing his wife, Ruth Madoff, for $44.8 million, claiming that although she wasn’t implicated in the fraud, she reaped the profits with a life of luxury.
$160m Ponzi scheme uncovered
London police have unearthed a £80m (over AUD$160m) Ponzi scheme that they believe has duped over 600 people around the world — a scheme so good that many of the investors are still refusing to believe they’ve been scammed.
Madoff’s conviction is no example of American justice
Let’s not kid ourselves that Bernie Madoff’s conviction and jailing somehow is testimony to speedy and swift American justice.
“Evil” Madoff sentenced to 150 years
Disgraced businessman Bernie Madoff has been sentenced to 150 years in prison for operating one of the largest frauds in Wall Street history, a crime described by the judge as “extraordinarily evil”.
Madoff’s wife cuts deal to keep $US2.5m
Bernie Madoff’s sorry story is almost over — having plead guilty to fraud for operating a Ponzi scheme, he awaits sentencing on Monday. But what next for his wife and their sons?
The man who out-Madoffed Madoff
The biggest winner in Bernie Madoff’s Ponzi scheme may not have been Madoff himself, but a secretive businessman named Jeffry Picower who is alleged to have raked $5.1 billion from Madoff accounts.
What did Madoff’s sons know?
Bernie Madoff’s sons claim to have known nothing of his Ponzi scheme, but some are now claiming there’s no way that could be true.
The Pastor, his Ponzi scheme and a fleeced flock
The liquidator of a company that had been operated by a former Gold Coast pastor and solicitor as a form of Ponzi scheme is now intent on pursuing civil actions against the pastor and his family.
The Economy: The coming intergenerational struggle
“Is the US Fed and the ECB running global monetary policy, or are we in the hands of those with little or no independence from political, in some cases undemocratic, government?” This is Henry’s editor’s question of the week.
