Barbara Picower, the widow of Jeffry Picower, the largest beneficiary of Bernard Madoff’s Ponzi scheme, has awarded $104 million in grants over two years through a new foundation.
The grants from the JPB Foundation have centered on medical research, poverty and the environment,...
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September 15, 2014 | 10:30 am
August 26, 2014 | 12:54 pm
Individuals who lost money from employer-managed retirement funds invested with Bernard Madoff are not eligible to receive money from the liquidation of the Ponzi schemer’s firm.
U.S. Bankruptcy Court Judge Stuart Bernstein ruled Friday that only direct customers of Madoff are...
April 24, 2013 | 10:30 am
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November 7, 2011 | 9:21 am
Last week, after a series of revealing interviews, Andrew Madoff released his book, “Truth and Consequences: Life Inside the Madoff Family,” an inside-look at the private pain of the family in the aftermath of their patriarch’s fall from grace. Film rights to the book were...
November 4, 2011 | 2:02 pm
October 28, 2011 | 6:30 pm
October 28, 2011 | 1:24 pm
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July 14, 2011 | 1:48 pm
April 27, 2011 | 10:21 am
Interviewed on the Today Show earlier this week, New York Times financial reporter Diana Henriques, author of the Madoff tell-all, “The Wizard of Lies,” talks about her new book, the Madoff family and the investor’s fear of failure.
Henriques discusses Madoff’s early history with...
February 28, 2011 | 6:50 pm
NPR interviews NY Magazine editor Steve Fishman on his coverage of Bernard Madoff and audio clips that have recently been released.
February 16, 2011 | 9:19 am
February 16, 2011 | 9:18 am
In a lengthly, far reaching article based on Bernard L. Madoff’s first prison interview, which took place Tuesday, Feb. 15, as well as a series of emails from December and January, Diana B. Henriques reveals that Madoff believes some of the banks “had to know” what he was doing...
January 31, 2011 | 10:28 am
The trustee for the Bernard Madoff estate has sued the owners of the New York Mets, claiming they should have known the money made with Madoff was done so nefariously.
Irving Picard, the trustee charged with recovering billions of dollars in assets stolen in Madoff’s Ponzi...
January 13, 2011 | 12:28 pm
The largest settlement to date in the Bernard Madoff multi-billion dollar Ponzi scandal has been approved by a U.S. judge today, the Los Angeles Times reports.
A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in...
December 17, 2010 | 11:02 am
Last Friday, the publisher of a promising real estate newsletter called Sonar Report rose before dawn, scoured the news to gather items for that day’s edition and, at 9:04 a.m., sent it out to his e-mail subscribers.
Unknown to almost all of his subscribers, that publisher was Mark David Madoff, the older son of the convicted swindler Bernard L. Madoff.
Less than 24 hours after sending his e-mail, he hanged himself in his downtown Manhattan apartment, leaving behind a life of burdens and blessings.
Read more at nytimes.com.
December 17, 2010 | 10:38 am
The estate of one of the largest beneficiaries of Bernard Madoff’s multibillion dollar Ponzi scheme, Jeffry Picower, has agreed to return $7 billion to Madoff’s victims.
The figure is the difference between the amount of cash that Picower, a Jewish investor, put into his account...
December 14, 2010 | 4:02 pm
As seen in The Jewish Week
With Mark Madoff’s suicide over the weekend, we witnessed the burden of a father’s sins. The Madoff Family’s tragic narrative reinforces why a person’s legacy truly matters. To expand on this teachable moment, JInsider looked to better understand...
December 14, 2010 | 12:58 pm
When Bernard Madoff’s multibillion-dollar Ponzi scheme first came to light two years ago, several Jewish organizations suffered heavy losses, their assets devastated by the fraud.
Now with the filing of lawsuits by the trustee for Madoff’s estate, it is the winners—the Jewish...
December 11, 2010 | 9:34 am
A prominent Austrian banker who portrayed herself for two years as one of Bernard L. Madoff’s biggest victims was accused on Friday of conspiring for 23 years to funnel more than $9 billion into his immense global Ponzi scheme.
The accusations were made in a civil...
December 9, 2010 | 3:09 pm
Hadassah: The Women’s Zionist Organization of America will pay back $45 million of the money it made in the Bernard Madoff scam.
Hadassah President Nancy Falchuk in a letter Thursday told the organization’s supporters of the settlement reached by the group with the trustee of...
October 13, 2009 | 1:38 pm
The New York Post headline today screamed, “Bernie’s Bruising Battle—Over Stocks!”
Seems convicted swindler Bernard Madoff got into a prison yard scrap when a fellow inmate and he got into an argument over the stock market.
The shouting match got so heated that the inmate pushed...
September 29, 2009 | 4:10 pm
David Suissa has a response to Rabbi Dan Moscowitz’s High Holiday sermon, “Shame on the Jews.”
Please, Rabbis, Stop Telling Us It’s Bad to Steal
By David Suissa
When I hear rabbis get up and sermonize about the importance of not stealing money, I cringe.
When I hear them...
August 25, 2009 | 7:49 am
Sheryl Weinstein, the high-profile victim of Bernard Madoff claiming to have had an affair with the confessed swindler, kicked off her book tour Tuesday with an appearance on ABC’s “Good Morning America.”
Why would a married woman, interviewer Chris Cuomo wanted to know,...
August 24, 2009 | 12:29 pm
Madoff, who is serving 150 years at a North Carolina federal prison after pleading guilty to swindling more than $65 billion, has been telling fellow inmate he doesn’t have much longer to live.
“He’s been taking about 20 pills a day for his cancer,” one inmate told the newspaper. “He talks about it all the time. He’s not doing very well.”
Read the full story here.
August 12, 2009 | 8:24 pm
Bloomberg reports that a Hadassah accountant who has publicly blamed Bernie Madoff for swindling her family of its money will reveal in a new book that she also had a long-running affair with the now-convicted con man.
As David Voreacos writes:
Sheryl Weinstein’s account,...
July 23, 2009 | 5:25 pm
Does it matter that so many of the men arrested today in New Jersey and New York on charges that include money laundering and organ trafficking are Jewish? And not just Jewish but rabbis and community leaders?
Of course it matters to Jews. This is big news from New York to LA,...