Jewish Journal

Tag: Madoff

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  • ‘Madoff’: Dreyfuss takes on the man behind the Ponzi scheme

    By Gerri Miller

    2 weeks ago

    Of all the shocking scandals that emanated from the 2008 financial market crash, the most notorious is that of Bernie Madoff, the investment adviser who infamously defrauded clients out of billions of dollars in the largest Ponzi scheme in American history.

    The story of Madoff’s...

  • 2 ex-Madoff employees avoid jail time

    May 20, 2015 | 1:06 pm

    Two former employees of Bernard Madoff who helped him carry out his $17 billion Ponzi scheme have avoided prison sentences.

    Eric Lipkin, a payroll clerk and assistant to Madoff’s chief financial officer, was sentenced Wednesday in U.S. District Court in Manhattan to two years of...

  • Foundation headed by widow of Madoff’s largest beneficiary grants $104 million

    September 15, 2014 | 10:30 am

    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,...

  • Employer-managed retirement funds ruled ineligible for Madoff restitution

    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...

  • The one question Madoff’s victims forgot to ask

    By Mark Eshman

    April 24, 2013 | 10:30 am

    (3/29/12 – CBS Marketwatch) Bernie Madoff: “From my first interview to the media I have said that ‘the banks must have known,’ and were complicit and contributing to my crime.”

    He’s back.  In a pathetic effort to reduce his 150 year sentence while also offering his unsolicited...

  • Madoff’s younger brother sentenced to 10 years for role in Ponzi scheme

    December 20, 2012 | 5:26 pm

    The younger brother of Bernard Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors, a U.S. judge said on Thursday.

    Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit...

  • Mets’ owners settle lawsuit in Madoff Ponzi scheme

    March 19, 2012 | 10:31 am

    The owners of the New York Mets will pay up to $162 million to settle a “clawback” lawsuit filed in the Bernard Madoff Ponzi scheme.

    Fred Wilpon and his brother-in-law Saul Katz will not have to make payments for three years under the agreement.

    The lawsuit was settled Monday...

  • Robert De Niro to play Bernie Madoff in adaptation of Andrew Madoff’s book

    By Danielle Berrin

    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...

  • Two Jews on Film: ‘Tower Heist’ review

    November 4, 2011 | 2:02 pm

    All I can say is…thank the Movie Gods for Eddie Murphy…because he single handedly put the funny in this new so-called, comedy entitled, ‘Tower Heist’, directed by Brett Ratner.

    So here’s the story in a nut shell…

    There’s this super sleazy, super rich, Wall Street dude named, Arthur...

  • The Madoff mea culpas: Repenting sins not your own

    By Danielle Berrin

    October 28, 2011 | 6:30 pm

    With disgraced Ponzi schemer Bernard Madoff set to serve a life sentence in prison, it’s hard to make a case for incarceration as restorative justice. And yet, Madoff himself told ABC News correspondent Barbara Walters during an interview last week that he is happier in prison.

  • Madoff says he is happier in prison than free

    October 28, 2011 | 1:24 pm

    Financial swindler Bernard Madoff said that he is happier in prison than he was on the outside because he no longer lives in fear of being arrested and knows he will die in prison, TV journalist Barbara Walters said on Thursday.

    Walters, who spent two hours at the prison with Madoff...

  • Ruth Madoff says she and Bernie attempted suicide in 2008 [VIDEO]

    October 27, 2011 | 2:31 pm

    Ruth Madoff said in an interview that she and her husband, Ponzi schemer Bernard Madoff, attempted to commit suicide in 2008.

    Ruth Madoff told The New York Times that she and her husband made the attempt on Christmas Eve of that year in their Manhattan penthouse by overdosing on...

  • Madoff boasts he is “quite the celebrity” in prison

    October 21, 2011 | 2:17 pm

    Imprisoned financial scam artist Bernard Madoff boasted in a jailhouse letter that he is “quite the celebrity” and treated “like a Mafia don,” ABC News said on Thursday.

    ABC, which will feature an interview with Madoff’s daughter-in-law on news program “20/20” on Friday, released...

  • The Moral Route to Redemption

    By Jonathan Kirsch

    July 14, 2011 | 1:48 pm

    It’s hard to imagine a more timely book than “Confronting Scandal: How Jews Can Respond When Jews Do Bad Things” by Dr. Erica Brown (Jewish Lights: $24.99). The book comes too late for Bernie Madoff, but Anthony Weiner needs a copy, and so does DSK.  Indeed, all of us who look...

  • Author Diana Henriques talks about her new Madoff book, “The Wizard of Lies”

    By JewishJournal.com

    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...

  • The Madoff Tapes: NY Magazine editor talks about his piece on Bernie Madoff [AUDIO]

    By JewishJournal.com

    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.

  • From Prison, Madoff Says Banks ‘Had to Know’ of Fraud

    By JewishJournal.com

    February 16, 2011 | 9:19 am

    From NYTimes.com:

    Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family.

    In his first interview for publication since his arrest in December 2008, Mr. Madoff — looking noticeably thinner and...

  • Madoff Speaks from Prison

    By Susan Freudenheim

    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...

  • Mets’ owners slapped with Madoff ‘clawback’ lawsuit

    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...

  • Judge approves $7.2-billion Madoff settlement

    By JewishJournal.com

    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...

  • Mark Madoff’s Name Became Too Big a Burden to Bear

    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.

  • Picower estate to return $7 billion made in Madoff scam

    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...

  • The Madoff tragedy and personal legacy

    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...

  • Winners, pay up! Madoff ‘clawback’ lawsuits going after Jewish groups, others

    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...

  • Madoff trustee seeks $19.6 billion from Austrian banker

    December 11, 2010 | 9:34 am

    From NYTimes:

    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...

  • Hadassah to pay back $45 million of Madoff gains

    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...

  • Bernie Bests Butner Bruiser

    By Rob Eshman

    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...

  • “Please, Rabbis, Stop Telling Us It’s Bad to Steal”

    By Rob Eshman

    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...

  • Tell-all book drags Hadassah back into Madoff story

    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,...

  • Bernie Madoff Reportedly Dying of Cancer

    August 24, 2009 | 12:29 pm

    From NYPost.com:

    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.

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