Bernie Madoff - Tracked.com

Vitals

Name:	Bernie Madoff
Age:	72 (b. 1938)

Industries:

Finance

Roles:

Founder and Former Chairman;: Bernard L. Madoff Investment Securities LLC

On June 29, 2009, Madoff was sentenced by Judge Chin to a term of imprisonment of 150 years.

Information about Bernard L. Madoff's custody status may be obtained by entering Inmate Number 61727-054 into the Inmate Locator on the Federal Bureau of Prison's web site, www.bop.gov.

BACKGROUND:

On December 11, 2008, Madoff was charged with securities fraud. The Complaint carries a maximum penalty of 20 years in prison and a maximum fine of $5,000,000.

On December 15, 2008, the Honorable Louis L. Stanton, a Federal Judge in the United States District Court for the Southern District of New York, appointed Irving Picard as Trustee for the liquidation of Bernard L. Madoff Investments Securities LLC ("BMIS") pursuant to the Securities Investor Protection Act ("SIPA")

Bernie Madoff founded the firm in 1960 and has been a prominent member of the securities industry throughout his career. Madoff served as vice chairman of the NASD, a member of its board of governors, and chairman of its New York region. He was also a member of NASDAQ Stock Market's board of governors and its executive committee and served as chairman of its trading committee.

According to regulatory filings, Madoff Investment Securities had more than $17 billion in assets under management as of the beginning of 2008.

On March 10, 2009, a Criminal Information was filed in Manhattan federal court charging Bernard L. Madoff with eleven felony charges including securities fraud, investment adviser fraud, mail fraud, wire fraud, three counts of money laundering, false statements, perjury, false filings with the United States Securities and Exchange Commission ("SEC"), and theft from an employee benefit plan. There is no plea agreement between the Government and the defendant.

On March 12, 2009, Madoff pleaded guilty to all eleven counts in the Information. Madoff faces a statutory maximum sentence of 150 years’ incarceration.Madoff is also subject to mandatory restitution and faces fines up to twice the gross gain or loss derived from the offenses.

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56 min:

Internet scam targets Madoff victims

Ponzi swindler Bernard Madoff leaves Federal Court in March 2009. If anyone should be wary when something sounds too good to be true, it's Bernie Madoff 's victims. - read more at Topix

3/2/10:

Morning Docket 03.02.10

* One secret to happiness is to make your bed each morning, says Gretchen Rubin, author of the Happiness Project and one of the Elect. (She got Lat to reveal his secrets last year.) [New York Times] * Hogan & Hartson's 38-lawyer Warsaw office is defecting to K&L; Gates. [Blog of the Legal Times] ... - read more at Above the Law (Legal Blog)

tags: Business Week Wall Street Journal K&L

2/25/10:

Madoff aide busted for taking part in Ponzi scheme: feds

The former director of operations for scammer Bernie Madoff was arrested by FBI agents this morning as part of its fraud probe of the Ponzi scheme, authorities said. Daniel Bonventre, 63, who worked for Bernard L. Madoff Investment Securities, LLC, was busted at his East 79th Street home and is... - read more at New York Post

tags: Bernard L. Madoff Investment Securities, LLC

2/23/10:

Today's Social Leaders Could Learn a Thing or Two From Abraham ...

By Bruce Piasecki It's not easy to be a model of superior leadership. Witness the recent demise of mighty firms such as General Motors. Add to that the parade of valuation scandals involving Enron's Jeff Skilling and Worldcom's Bernard Ebbers over the last fifteen years, the financial wizardry of a ... - read more at Alternative Energy News

tags: General Motors

2/12/10:

Memoirs of a Hermès bag lady

A victim of Wall Street swindler Bernie Madoff, does Alexandra Penney's blog on the terror of losing her wealth deserve opprobrium?If there was an upside to the crisis that engulfed capitalism in 2008, it was perhaps that the rich were, for a few moments at least, expected to share our pain. As the ... - read more at Guardian.co.uk - Business

tags: Wall Street

2/12/10:

Madoff's Brother and Sons Under Investigation for Tax Fraud

Bernie Madoff's brother, Peter Madoff, and the fraudster's sons, Mark and Andrew Madoff, have become the latest targets of federal prosecutors in Manhattan who are investigating criminal tax fraud arising from Madoff's massive Ponzi scheme, the WSJ reports. Peter Madoff (pictured) was the chief compliance ... - read more at Securities Docket

tags: Bernard L. Madoff Investment Securities

2/12/10:

Feds target Madoff's brother, sons

Federal prosecutors in Manhattan are pursuing criminal tax-fraud cases against Bernard Madoff's brother and sons, according to people familiar with the matter. His brother, Peter Madoff, was the chief compliance officer of Bernard L. Madoff Investment Securities LLC. Sons Mark and Andrew Madoff helped ... - read more at New York Post

tags: Bernard L. Madoff Investment Securities

2/12/10:

Feds Targeting Bernie Madoff's Brother, Sons, for Tax Fraud

It's been one of the last remaining big questions looming over the Bernie Madoff situation: Would prosecutors go after Madoff's closest kin? Last summer, prosecutors essentially made clear they wouldn't go after Bernie's wife, Ruth. But that's not the case in regard to his brother, Peter, or his sons, ... - read more at Barron's

tags: Bernard L. Madoff Investment Securities

2/12/10:

Madoff's kin to face charges; his 'lieutenant' wins bail

The federal prosecutors are ensuring that none of Bernard Madoff's aides go scot free. After putting Madoff's right-hand man Frank DiPascali Jr. behind bars, the prosecutors in Manhattan are now pursuing criminal charges against Madoff's brother and sons, reports the Wall Street Journal. custom_1238783045878_AP090403015325.jpg ... - read more at The Money Times

tags: Wall Street Journal Bernard L. Madoff Investment Securities

2/5/10:

'Damages' Cashes In On Madoff Scandal

NEW YORK - Thank Bernie Madoff. After two seasons plumbing other areas of sin and corporate corruption, the new season of FX's legal thriller "Damages" stands to make a killing in investment rip-offs. Why not? A Bernie Madoff-scope Ponzi scheme destroys people while driving some of them to destroy ... - read more at Huffington Post

tags: News Corp Associated Press

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