paul.kedrosky.com - 12/18/2008
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Tonight's WSJ contains some Bernie Madoff must-reading. The story of the decade-long quest on the part of Harry Markopolos to take Madoff down is simultaneously depressing -- he had the case increasingly cold for years, and the SEC completed f**ked it up -- and uplifting -- he was ...
Madoff on Madoff
paul.kedrosky.com 12/12/2008 — Some snippets from the legal complaints related to the Bernie Madoff legal blockbuster. His advisory firm has been alleged to be -- including by his own supposed free admission to an FBI agent and to some senior employees -- a multi-billion dollar Ponzi scheme. More here ...
Madoff Story is Staggering
paul.kedrosky.com 12/12/2008 — The revelations around Bernard Madoff today are staggering . Truly. This is the sort of thing that makes you wonder what is real anymore in markets, and what isn’t. Bernard Madoff, founder and president of Bernard Madoff Investment Securities, a market-maker for hedge funds and banks, was ...
Madoff: So How Much Money Are We Really Talking About?
paul.kedrosky.com 12/12/2008 — Lots of chatter about whether $50-billion is really the correct number in the Bernie Madoff fraud allegation debacle. What is the right number? Well, here are some key stats: According to a Form ADV filed with the SEC a year ago, Madoff's advisory business then had $17.1-billion in assets ...
Can Madoff's victims recover their losses?
bloggingstocks.com 12/15/2008 — It won't take long for a flurry of lawsuits to be filed over the massive losses caused by the Madoff Ponzi scheme. Filing complaints is easy. Recovery is far more difficult. There is no doubt that investors who entrusted Madoff with their life savings should be entitled to get them back. I only ...
MADOFF $CAM IS BAD 'NEWS'
nypost.com 12/15/2008 — Daily News owner and real-estate mogul Mort Zuckerman is one of the investors ripped off by swindler Bernard Madoff, it was reported today. Zuckerman, who also owns US News & World Report, has "significant exposure" through a fund that invested...
SEC Chief Says Madoff Warnings Ignored
money.aol.com 12/17/2008 — SEC Chief Says Madoff Warnings Ignored posted: ONE MINUTE AGO comments: 0
New York Times / AP
Amid questions about whether Wall Street powerbroker Bernard Madoff received the benefit of the doubt from market ...
Investor Alleged Madoff Scam in 1999 —
AOL News
Investor Alleged Madoff Scam in 1999 posted: 13 MINUTES AGO comments: 0 filed under: Madoff
New York Times / AP
Market researcher Harry Markopolos investigated Bernard L. Madoff Investment Securities in 1999, and concluded that the firm was faking ...
Investor Uncovered Madoff Scam in 1999 —
AOL News
Investor Uncovered Madoff Scam in 1999 posted: 3 MINUTES AGO comments: 0 filed under: Madoff
New York Times / AP
Market researcher Harry Markopolos investigated Bernard L. Madoff Investment Securities in 1999, and concluded that the firm was faking ...
Madoff Investigators Look for Partners —
AOL News
Madoff Investigators Look for Partners posted: 8 MINUTES AGO comments: 0 filed under: Madoff
New York Times / AP
Investors and investigators are skeptical about Wall Street pillar Bernard Madoff's reported confession that he managed a $50 billion ...
Madoff Investigators Look for Accomplices —
AOL News
Madoff Investigators Look for Accomplices posted: 4 MINUTES AGO comments: 0 filed under: Madoff
Investors and investigators are skeptical about Wall Street pillar Bernard Madoff's reported confession that he managed a $50 billion pyramid scheme all on his own. But so ...
The Madoff scandal gets weirder and weirder —
BloggingStocks
Regulators did not just drop the ball in the Bernard Madoff scandal. They never held it in the first place. According to the Wall Street Journal, the SEC discovered in 2006 that Madoff had misled the agency about how he managed customers' money. Moreover, investor Henry Markopolos spent the ...
Obama Reacts to Madoff Scandal —
AOL News
Obama Reacts to Madoff Scandal posted: 11 MINUTES AGO comments: 0 filed under: Financial Crisis , Madoff
President-elect Barack Obama says the Madoff scandal "has reminded us yet again of how badly reform is needed," and that government overseers "dropped the ball." ...
Photo Mob Greets Madoff After Court —
AOL News
Photo Mob Greets Madoff After Court posted: 5 MINUTES AGO comments: 5 filed under: Madoff
Former Nasdaq chairman Bernard Madoff, accused of ruining hundreds of trusting investors through a $50 billion pyramid scheme, appears at a Manhattan courthouse to complete ...
Madoff Roughed Up After Court Trip —
AOL News
Madoff Roughed Up After Court Trip posted: 20 MINUTES AGO comments: 5 filed under: Madoff
Former Nasdaq chairman Bernard Madoff, accused of ruining hundreds of trusting investors through a $50 billion pyramid scheme, appears at a Manhattan courthouse to complete ...
JUDGE GIVES MADOFF CURFEW, TRACKING DEVICE —
NY Post: News
Christmas came early for Bernie Madoff. A judge today gave him until Monday to find two more co-signers to vouch for him on his bail package after his two sons refused to do it. The judge also gave Madoff, who's accused of running a $50 billion...
Did Madoff buy off Washington? —
BloggingStocks
As I posted over the weekend, it takes a village to pull off a $50 billion investment fraud. In the case of the Madoff securities fraud, that village may have included his investors, family, accountants, regulators, politicians and hedge fund bundlers. And it could be that part of that village ...
How much sympathy do the Madoff victims deserve? —
BloggingStocks
Bernard Madoff 's $50 billion Ponzi scheme was so breathtaking that investors have been left speechless. But the alleged crook -- universally described as "charming" -- would not have succeeded were it not for the unbelievable gullibility of supposedly sophisticated investors. Madoff knew that ...
How much sympathy do the Madoff victims deserve? —
BloggingStocks
Bernard Madoff 's $50 billion Ponzi scheme was so breathtaking that investors have been left speechless. But the alleged crook -- universally described as "charming" -- would not have succeeded were it not for the unbelievable gullibility of supposedly sophisticated investors. Madoff knew that ...
Big Names Tied to Alleged Madoff Scheme —
AOL News
Big Names Tied to Alleged Madoff Scheme posted: 15 MINUTES AGO comments: 0
The first lawsuits are starting to roll in following the arrest of Wall Street powerbroker Bernard Madoff, who ran an investment adviser business that appears to be nothing more than a $50 billion ...
A simple solution to investment fraud —
BloggingStocks
The $50 billion Madoff Securities scandal could have been prevented easily. So could much of the corporate and investment fraud that's taken place over the last couple of decades. Why? All these frauds shared at least one thing in common -- they produced their own financial statements. In my ...
$50 billion investment fraud: Could you be next? —
BloggingStocks
This week a little story about a $50 billion investment fraud has metastasized. Madoff Securities, a brokerage firm that ran a secretive investment fund on the side, has closed down -- revealing that its steady 10% annual returns were a result of a Ponzi scheme. For some who trusted Madoff a ...
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