Bernie Madoff

Madoff, Nolan and Israeli funds

By Geoffrey Alderman, February 26, 2013

Two decades ago I supervised a doctoral student researching aspects of corruption in British public life.

More..

Robert De Niro to play Bernie Madoff

By Jennifer Lipman, November 7, 2011

He has played a taxi driver, a boxer and a mobster in his time. Now Robert De Niro is to take on the role of one of the most notorious fraudsters of the last century.

The actor is set to star as the title role in a biopic of the fall of Bernie Madoff, the financier who is serving a 150 year prison sentence for his $65 billion Ponzi scheme.

The project has been backed by the network HBO.

More..

Ruth Madoff cuts Bernie visits in family reunion bid

By Jennifer Lipman, August 15, 2011

The wife of convicted fraudster Bernie Madoff has not visited him since their son committed suicide in December, according to a new biography.

Ruth Madoff, now 70, met her future husband when they were both in high school.

The financier was sentenced to 150 years in jail for his massive Ponzi scheme just a few months before the couple would have celebrated their golden wedding.

More..

On this day: Bernie Madoff sentenced

By Jennifer Lipman, June 29, 2011

It was described as the fraud of the century, the worst financial crime of the recession, and much, much more. The multi-billion dollar fraud scheme the financier landed Bernie Madoff a 150 year sentence; his legal team had asked for just 12.

More..

Charities face losing Ponzi millions

By Ellen Tumposky, December 22, 2010

Jewish organisations ranging from major players to small non-profits will be forced to give up millions of dollars as a result of "clawback" lawsuits filed by the trustee representing the victims of fraudster Bernard Madoff.

While Hadassah was never sued by Irving Picard, the trustee who this month unleashed a barrage of clawback actions, it announced earlier this month that it had agreed to pay back $45 million.

This sum, agreed after lengthy negotiations with Mr Picard, was slightly less than half of the profits Hadassah had made from investing with Madoff since 1988.

More..

Bernard Madoff's son Mark found dead in suicide

By Jennifer Lipman, December 13, 2010

The eldest son of disgraced fraudster Bernard Madoff has been found dead after committing suicide at his New York home.

Mark Madoff, who was 46, was found hanged on Saturday. The New York City medical examiner has ruled his death a suicide.

After his father was arrested in 2008, Mr Madoff claimed not to have known anything about the multi-million dollar Ponzi scheme.

However criminal investigators have continued to explore the possibility that he and other family members, including younger brother Andrew, were involved.

More..

Fraudster Bernard Madoff's diamonds, rolex auctioned

By Jennifer Lipman, November 15, 2010

The worldly possessions of disgraced fraudster Bernard Madoff have been auctioned in New York for hundreds of thousand of pounds.

One bidder paid £342,000 for the engagement ring Madoff bought for his wife Ruth, while another buyer bought his vintage Rolex for £42,000.

More than 400 items were up for auction, including his monogrammed boxer shorts, slippers and socks, as well as Ruth Madoff’s diamond earrings and a broken leather foot stall which went for £2,000.

More..

'Obscene' Wiesel play to open in New York

By Jennifer Lipman, July 20, 2010

A play on the Madoff financial scandal that Nobel Peace Prize laureate Elie Wiesel branded "obscene" and "defamatory" is set to open in New York.

The renowned human rights campaigner had threatened legal action over the play, which depicted a fictional conversation between disgraced financier Bernie Madoff and Mr Wiesel.

But despite opposition from the Holocaust survivor, Imagining Madoff will go ahead, although in a small Hudson theatre rather than in its original Washington location.

More..

Wiesel blasts 'obscene' Madoff play

By Nathan Guttman, May 27, 2010

Some issues might still be too sensitive. This could be the lesson learned by Washington's Jewish theatre, which had to cancel a play on the Madoff financial scandal.

In Imagining Madoff, by playwright Deb Margolin, a fictional Bernie Madoff is depicted sitting in his prison cell as he recalls a conversation he had with Elie Wiesel, the Nobel Peace Prize laureate whose foundation lost more than $15 million in Madoff's Ponzi scam.

More..

Inside story: bad-guy broiges

By Simon Rocker, December 17, 2009

A striking trio of Jewish prisoners is currently doing time in the remote surroundings of the North Carolina Correctional Facility, USA. Jonathan Pollard, convicted of spying for Israel, is far from keen on the company of his Jewish cellmate, a rapist and murderer. He does, though, have a regular lunch with the third Jew: Bernie Madoff. Lunch companions they may be, but the Diary has learned that Pollard is barely more enamoured with the stupendous swindler, whose lack of remorse irks Pollard. According to Our Man On The Inside, Pollard regards Madoff as lowlife.

More..