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Ponzi Scheme

Bernard Madoff

Longtime Deputy: Auditors Would Send Bernard Madoff Into A Panic

Frank DiPascali testified that his boss would “razzle dazzle” auditors by using computer programs specially designed to make it appear that fake investments were real.

12/09/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Former Madoff Deputy Continues Testimony In Fraud Trial

Frank DiPascali described the tangled web of deceit woven by Madoff as he juggled investors’ money and tried to keep investigators away.

12/04/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Madoff’s Right-Hand Man Testifies Against 5 Former Co-Workers On Trial

Bernard Madoff’s former right-hand man is about to take center stage at the trial of five former co-workers. Prosecutors plan to call Frank DiPascali to the witness stand this week in federal court in Manhattan.

12/02/2013

Bernard Madoff

Madoff Controller Testifies About Meeting Of Inner Circle

Enrica Cotellessa-Pitz, who worked for Madoff for three decades, is testifying against five former colleagues in exchange for leniency.

11/19/2013

Bernie Madoff

Witness: Madoff Wrote Out $175 Million In Checks For Employees, Family After Bust

The trial against five of Bernard Madoff’s former employees continued Wednesday with testimony from consultants who investigated the firm following Madoff’s arrest.

10/23/2013

Bernie Madoff

FBI Agent Testifies In Fraud Trial Of 5 Former Madoff Employees

FBI Agent Theodore Cacioppi said he interviewed Bernard Madoff for about an hour before arresting him. The office was then placed under surveillance so evidence could be removed.

10/21/2013

Bernard Madoff (file/credit: Mario Tama/Getty Images)

Lawyer: Former Madoff Employee On Trial For Ponzi Scheme Fraud ‘Fooled By His Lies’

The trial follows the 2008 collapse of Madoff’s private investment business, which cost clients nearly $20 billion. A court-appointed trustee has recovered much of the money by forcing those customers who received big payouts from Madoff to return the funds.

10/17/2013

Bernard Madoff

Trial Begins For 5 Former Madoff Employees Accused Of Helping In Largest-Ever Ponzi Scheme

Prosecutor Matthew Schwartz introduced the government’s case Wednesday, saying the defendants “helped perpetuate Madoff’s elaborate fiction.” The Manhattan federal court trial is expected to last five months.

10/16/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Jury Selection Begins In Trial Of 5 Former Madoff Employees

Five former employees of imprisoned Ponzi scheme operator Bernard Madoff were introduced to 200 prospective jurors Tuesday, as jury selection began in their fraud trial.

10/08/2013

Tate George (credit: Tim DeFrisco/Allsport/Getty Images)

Former Nets Player Tate George Guilty Of Running Ponzi Scheme

Best known for his buzzer-beating shot against Clemson in the 1990 NCAA Tournament, Tate was found guilty on four counts of federal wire fraud.

09/30/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Madoff Accountant Charged With Involvement In Massive Fraud

Paul Konigsberg was charged with conspiracy to falsify records, conspiracy to commit fraud, falsifying records of a broker-dealer, falsifying record of an investment adviser and falsifying statements.

09/26/2013

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Report: Prosecutors Want Evidence Of Romantic Relationships Excluded From Ponzi Trial

The government says that over the course of Madoff’s multi-decade, multibillion-dollar fraud, a number of his employees and customers were dating or having affairs.

08/09/2013

Gavel (credit: CBS 2)

Officials: Two NY Men Charged In $96 Million Ponzi Scheme

If convicted, Brian Callahan and Adam J. Manson each face a maximum sentence of 20 years in prison on each of the securities fraud, wire fraud and conspiracy to commit wire fraud counts.

08/01/2013

Peter Madoff House

Peter Madoff’s Old Westbury Mansion, Contents Up For Sale

The home that belonged to Bernie Madoff’s brother, Peter, is on the market after being seized by the U.S. Marshals Service.

06/04/2013

Peter Madoff, brother of disgraced financier Bernard Madoff, leaves Manhattan Federal Court on June 29, 2012.  (Photo by Mario Tama/Getty Images)

Peter Madoff’s Long Island Mansion For Sale For $4.5 Million

The 1935 mansion has five bedrooms, five bathrooms, a tennis court, swimming pool and pool house.

05/28/2013

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