Bernard Madoff
Business Person and Money Manager
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Barack Obama love affair with Google ends...rivals - and the Justice Department. On November 9, Judge Denny Chin, who sentenced the disgraced financier Bernard Madoff to 150 years in prison, will hear Google's latest attempt to appease its critics. Legal experts are not expecting an... In this article: Google, Barack Obama, YouTube, Ice cream, Authors Guild, Washington, and Eric Schmidt |
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BBC News | October 23, 2009
$1,784 billion, trillion: The bank claim that's out of this world
...planets to cover the $1,784 billion, trillion. Judge Chin is familiar with large sums of money, having just sentenced financier Bernard Madoff to a 150-year prison term. But Madoff's $65bn (GBP40bn) Ponzi scheme pales in...
In this article: Denny Chin, Bill Gates, American Revolutionary War, University of Leeds, School of Mathematics, and Bank of America
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CNN | September 25, 2009
How much did Madoff steal? Good question
...of U.S. district court in Manhattan. Chin had given prosecutors until Sept. 28 to come up with a tally of damages for Madoff's multi-billion dollar Ponzi scheme, which victimized thousands of investors. But on Thursday, Chin dropped this...
In this article: Denny Chin, Manhattan, Cnnmoney.com, NEW YORK, and Nasdaq
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Miami Herald | September 09, 2009
Madoff judge to be nominated to appeals court
...her first case as a justice on Wednesday. Chin, 55, sentenced Wall Street swindler Madoff earlier this summer to 150 years in prison for cheating thousands of people out of billions of dollars. Schumer praised Chin in his two-sentence...
In this article: Denny Chin, Charles Schumer, Manhattan, Nasdaq, New York, Sonia Sotomayor, and Bankruptcy
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USATODAY.com | 6 days ago
2 of Madoff's computer programmers charged in Ponzi coverup
...billion in assets. NEW YORK Ponzi scheme architect Bernard Madoff repeatedly claimed that he alone ran the multibillion-dollar financial scam that victimized thousands of investors worldwide over at least two decades. Federal prosecutors...
In this article: SEC, Frank DiPascali, Attorney General, Defendant, and Allegation
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topics.cnn.com
Denny Chin: News & Videos about Denny Chin - CNN.com
The world may never know how much money Bernard Madoff stole through his legendary Ponzi scheme. ... Denny Chin proclaimed, "Bernard L. Madoff shall be and ...
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www.justice.gov
The United States Department of Justice - United States ...
213 (DC), is assigned to United States District Judge Denny Chin. ... Court's Order Dated 5/20/09 Regarding Sentencing of Bernard L. Madoff ...
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www.cnbc.com
Denny Chin: Madoff Judge to Be Nominated to Appeals Court ...
U.S. District Court Judge Denny Chin, who sentenced swindler Bernard Madoff to 150 years in prison, will be nominated for an appeals court seat, U.S. Senator Charles ...
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www.daylife.com
Denny Chin - News, photos, topics, and quotes
The latest news on Denny Chin, from thousands of sources worldwide. ... drawing shows Bernard Madoff (L) facing Judge Denny Chin (R) while seated ...
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www.reuters.com
Madoff judge to be nominated to U.S. appeals court | Reuters
NEW YORK, Sept 9 (Reuters) - U.S. District Court Judge Denny Chin, who sentenced swindler Bernard Madoff to 150 years in prison, will be nominated for an appeals ...
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Description from Wikipedia:
Bernard Lawrence "Bernie" Madoff (pronounced: /ˈmeɪdɒf/; born April 29, 1938) is the former Chairman of the NASDAQ stock exchange and the admitted operator of the Ponzi scheme that might be "the largest investment fraud in Wall Street history".
In March 2009, Madoff pleaded guilty to 11 felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1980s, and the investment operation may never have been legitimate. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.
Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed "specialist" firms by directly executing orders over the counter from retail brokers.
On December 10, 2008, Madoff's sons told authorities that their father had just confessed to them that the asset management arm of his firm was a massive Ponzi scheme, and quoting him as saying it was "one big lie." The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted several investigations into Madoff's business practices since 1992, which critics contend were incompetently handled.
- Birth Date:
- April 29, 1938
- Birthplace:
- Queens, New York
- Nationality:
- American
- Spouse:
- Ruth Alpern Madoff (1959-present)
- Residence:
- Manhattan, New York, United States
- Education:
- Hofstra University (1960)
- Occupation:
- Former stock broker, financial adviser, and chairman of NASDAQ
- Known for:
- Ponzi scheme, Chairman of NASDAQ (prior)
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