Bernard Madoff

Madoff returns to prison cell after hospital treatment

Madoff returns to prison cell after hospital treatmentWashington, Dec 31 - Disgraced billionaire financier Bernard Madoff has returned to his prison cell after being briefly hospitalised earlier in December, a spokeswoman for the Federal Bureau of Prisons confirmed Wednesday.

Madoff, who in June was sentenced to 150 years in prison for the world's biggest financial fraud, was brought to the clinic of his North Carolina federal prison Dec 18.

The 71-year-old Madoff was treated for hypertension. Authorities rejected earlier reports that he was injured in a prison fight.

Con Man Madoff Transferred to Butner Prison Medical Facility

Con Man Madoff Transferred to Butner Prison Medical Facility71 year old Bernard Madoff, the con man behind the biggest ever Ponzi scheme in history, has been shifted to the Federal Medical Center in North Carolina's Butner Federal Correctional Complex.

On December 18, Mr. Madoff was shifted from the medium security prison facility to the medical center, said Catherine Elsea, a spokeswoman for the medical center. The reason was transfer, however, has not been disclosed.

Auction of Ponzi king Madoff‘s items raises one-million-dollars

Bernard Madoff New York, Nov. 15 : A government auction of items seized from Ponzi king Bernard Madoff has raised almost a million dollars, an amount that would be used to help the victims of his billion-dollar wall-street swindle.

Madoff’s Mets baseball jacket and his wife Ruth''s Victorian diamond earrings fetched over 20 times their estimated value at the auction in Manhattan.

Even though the raised amount is twice as much as the auctioneers hoped, it is a mere fraction of estimated 21 billion dollars he stole.

Currently, he is serving a 150-year sentence for his multi-billion dollar fraud.

Madoff’s friend found dead in Palm Beach residence swimming pool

Madoff’s friend found dead in Palm Beach residence swimming poolPalm Beach (Florida, US), Oct. 26 : A long time friend of jailed Ponzi King Bernard Madoff, who was found at the bottom of the pool of his ocean-side mansion, died on Sunday, police said.

Jeffry Picower, 67, a philanthropist, was accused of profiting to the tune of over seven billion dollars from investment schemes started and nurtured by Madoff, the Huffington Post and the BBC reports.

Picower’s wife Barbara, discovered his body and pulled him from the water with help from a housekeeper, authorities said.

Ponzi king Madoff not dying of cancer, clarifies US Bureau of Prisons

Ponzi king Madoff not dying of cancer, clarifies US Bureau of PrisonsNew York, Aug. 25 : The US Bureau of Prisons has denied reports that the multi-billion Ponzi king Bernard Madoff is dying of cancer.

On Monday, newspaper reports had suggested that Wall Street's biggest fraudster is terminally ill.

Newspaper reports suggested that Madoff, who was sentenced to 150 years in jail in June after pleading guilty to orchestrating a 65-billion-dollar Ponzi scheme, is suffering from terminal cancer, specifically pancreatic cancer.

Ponzie King Madoff may be dying of cancer

Ponzie King Madoff may be dying of cancerNew York, Aug. 24 : Bernard Madoff, who confessed to masterminding the world''s biggest Ponzi scheme, is reported to have told his fellow inmates in a North Carolina prison that he may not live for too long, and could be dying of cancer.

According to the New York Post, Madoff, who swindled over 65 billion dollars, has been taking about 20 pills a day for his cancer.

"He talks about it all the time. He''s not doing very well," one inmate was quoted, as saying.

The prisoners did not confirm that''s the form of cancer he''s suffering.

Ponzi King Madoff had flings with numerous secretaries

Ponzi King Madoff had flings with numerous secretariesNew York, Aug. 18 : Jailed Ponzi King Bernie Madoff had flings with numerous secretaries that frequently ended with hush-hush settlements, according to Jerry Oppenheimer''s new book, "Madoff With the Money."

The New York Post quotes a female veteran Madoff employee telling Oppenheimer that "He had affairs in the office. There were two women I know of. They were gorgeous. They were blond. They were young. They were like baby Ruths -- the same type as Ruth, with the same hair color and eye color."

Ponzi king Madoff had inexperienced regulators eating out of his hands, says book

Ponzi king Madoff had inexperienced regulators eating out of his hands, says bookNew York, Aug. 12 : Jailed Ponzi king Bernard Madoff had young inexperienced government regulators so wowed at his ritzy Midtown headquarters that they asked about job openings and dropped off resumes, while missing clear evidence he was running a massive illegal racket, a new book has claimed.

Madoff firm secretary Elaine Solomon told author Andrew Kirtzman for his book, "Betrayal: The Life and Lies of Bernie Madoff," "No wonder they never found anything."

Madoff's former finance chief admits to role in fraud

Madoff's former finance chief admits to role in fraudNew York  - Bernard Madoff's former finance chief admitted his role in the worst financial scandal in history on Tuesday, pleading guilty to fraud and other charges in a federal court.

Frank DiPascali, 52, is only the second person to admit guilt in Madoff's 65-billion-dollar pyramid "Ponzi" scheme. Madoff, 77, was sentenced to a maximum 150 years in jail at the end of June.

Madoff can't believe how long fraud lasted, lawyer says

Madoff can't believe how long fraud lasted, lawyer saysNew York  - Convicted swindler Bernard Madoff said he was amazed that his 65-billion-dollar "Ponzi" scheme went undetected for so many years, a lawyer who interviewed the disgraced financier in prison told ABC News.

"He looked pretty good. He seems to be working out. He didn't hold back anything: talked about how he pulled it off, how many years he got away with it. He was very candid with us, very remorseful," said lawyer Joe Cotchett who, with lawyer Nancy Fineman, is suing Madoff on behalf of investors.

Madoff can't believe how long fraud lasted, lawyer says

Madoff can't believe how long fraud lasted, lawyer saysNew York - Incarcerated financial fraudster Bernard Madoff said he was amazed that his 65-billion-dollar "Ponzi" scheme carried on undetected for so many years, a lawyer who interviewed him told ABC News.

"He looked pretty good. He seems to be working out. He didn't hold back anything - talked about how he pulled it off, how many years he got away with it. He was very candid with us, very remorseful," said lawyer Joe Cotchett who, with lawyer Nancy Fineman, is suing Madoff on behalf of investors.

Ponzi king Madoff ‘surprised’ why fraud was not uncovered sooner

Ponzi king Madoff ‘surprised’ why fraud was not uncovered soonerLondon, July 29 : Ponzi king Bernard Madoff, in his first interview since entering prison, has expressed surprise that Wall Street''s biggest investment fraud was not uncovered sooner.

Madoff, 71, who was sentenced to 150 years in prison for his 65 billion dollar fraud, expressed remorse and talked candidly to two lawyers who are suing him on behalf of the investors.

Joseph Cotchett and Nancy Fineman met Madoff at the North Carolina prison where he was taken two weeks ago after pleading guilty, The Telegraph reports.

Bernard Madoff ‘was a fraudster by birth’

Bernard Madoff ‘was a fraudster by birth’New York, July 24 : Multi-billion dollar fraudster Bernard Madoff was a devious liar and cheat since the day he was born, reveals a new book.

"Bernie showed his con-man colours as early as high school, when he held an English class enthralled with an oral book report -- one that he made up on the spot out of whole cloth," the New York Post quoted Jerry Oppenheimer, author of book "Madoff With the Money," as saying.

Madoff ‘making desk, door nameplates in jail’

 Madoff ‘making desk, door nameplates in jail’London, July 22 : Multi-billion dollar fraudster Bernard Madoff has reportedly been carving desk and door nameplates during his 150-year jail sentence.

The 71-year-old Ponzi king, who was found guilty of running the biggest fraud in the Wall Street history, was said to be working in the engraving section from 7am every day.

The shamed financier, who admitted to defrauding thousands of investors of billions of dollars, was allegedly adapting well to life in prison.

Multi-billion dollar fraudster Madoff’s request for soft-touch prison rejected

Multi-billion dollar fraudster Madoff’s request for soft-touch prison rejectedNew York, July 15 : Wall Street's biggest fraudster Bernard Madoff will serve his jail term along with an Israeli spy and an Islamic terrorist at a North Carolina prison, where he was transferred on Monday after the US Bureau of Prisons rejected his request to spend the rest of his life at the Otisville Correctional Institute, an easygoing prison.

Madoff set for sentencing in 65-billion-dollar fraud

Madoff set for sentencing in 65-billion-dollar fraudNew York  - Bernard Madoff was to be sentenced Monday for a 65-billion-dollar financial fraud that cost hundreds of investors around the world.

Madoff, 71, faced up to 150 years in prison. Many victims who lost their life savings have called for that maximum sentence, while his attorneys have asked for 12 years due to his advanced age.

Both Madoff and victims of his scheme were to deliver testimony during the sentencing hearing.

‘Madoff''s lawyer tells judge 12 years in jail would be fair punishment''

Bernard MadoffLondon, June 24 : Bernard Madoff''s lawyer has told a judge that 12 years in jail would be a fair punishment for the Ponzi king who swindled billions of investors'' money in one of history''s biggest frauds.

Madoff, who pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors, faces a possible 150 years in prison and up to 170 billion dollars in restitution.

According to the court papers made public, his lawyer Ira Sorkin said that his 71-year-old client "will speak to the shame he has felt and to the pain he has caused" when he is sentenced on June 29, reports The Daily Express.

Madoff asks for 12 years in jail

Madoff asks for 12 years in jail Washington - Bernard Madoff, convicted of a 65-billion- dollar Ponzi scheme, hopes to be sentenced to 12 years in jail for his crimes, according to a letter filed in court Tuesday by his lawyers.

Madoff pleaded guilty in March to the biggest financial fraud in history and is to be sentenced on Monday in a New York federal court.

He faces up to 150 years in prison. Lawyer Ira Sorkin wrote that Madoff should be sentenced to 12 years in jail, or 20 years at the most.

Bernie Madoff’s look-alike lands film role

Bernie Madoff’s look-alike lands film roleNew York, June 5 : It actually pays to be Bernie Madoff - ask Paul Cohen.

Jersey City resident Cohen read about a casting call for filmmaker Edmund Druilhet''s docudrama, "Madoff: Made Off With America" - and guess what - he got the spot, reports The New York Post.

The Forward reported yesterday that the role is the first for the 64-year-old.

Druilhet told the paper, "[Cohen] had the best lips. I have to say he stood out."

Madoff's waterfront Florida home, three boats seized

Madoff's waterfront Florida home, three boats seized Washington  - Prosecutors started seizing the property of the fraudster-financier Bernard Madoff on Thursday, taking possession of his multimillion-dollar waterfront home in upscale Palm Beach, Florida, and three boats, the US Attorney's Office said.

Madoff, 70, faces 150 years in prison for the largest Wall Street swindles ever, and now faces loss of his personal property to pay back angry clients. The Florida property alone was reportedly valued at 14 million dollars.

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