Bernard Madoff’s former back office director was sentenced to 10 years in prison on Monday for helping the convicted fraudster conceal his massive Ponzi scheme for decades. Daniel Bonventre, 67, is the first of five former Madoff employees to be sentenced over the next week, nine months after their conviction by a Manhattan federal jury…
The name of the most reviled member of the American Jewish community hangs in a place of honor in the lobby of the Center for Jewish History, in Manhattan. In a field of plaques commemorating donors to CJH, one stands out. Below etched lines naming the CEO of the World Championship of Ping Pong and…
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, Forbes reported, according to tax returns filed with the Internal Revenue Service….
Andrew Madoff, the son of convicted fraudster Bernard Madoff, died on Wednesday from cancer, his lawyer said. He was 48. “Andrew Madoff has lost his courageous battle against mantle cell lymphoma,” lawyer Martin Flumenbaum said in a statement. “He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded by his loving…
(Reuters) — Bernard Madoff’s massive Ponzi scheme relied on reams of fake trading documents to fool regulators for decades. Now he may be the victim of a forgery himself, after a U.S. judge on Wednesday denied a bizarre motion supposedly filed by Madoff that claimed the U.S. intelligence agencies used “bio-electric sensors” to influence the…
Bernard Madoff’s sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father’s firm, a court-appointed trustee said on Tuesday. In an amended lawsuit against Andrew Madoff and the estate of Mark Madoff, Irving Picard, who…
Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases seeking to recoup more money for them. In the Madoff case, the court rejected a request by Irving Picard, the trustee…
Bernie Madoff / Eli Valley In an interview from prison last week, Bernie Madoff insisted, “I don’t feel that I betrayed the Jews, I betrayed people.” I’m no psychologist, and it’s possible he was just trying to salvage any scrap of social and cultural connection as he languishes alone. But taking his words at face…
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