bernie madoff

FTX Bankman-Fried Arrested

Dave Granlund Dec 15, 2022 Dig deeper

Wall Street Is the Definition of a Ponzi Scheme (Literally)

Lee Camp / Truthdig Sep 11, 2018 If only investors knew exactly what they were getting into—and what they aren’t going to get out of it. Dig deeper ( 7 Min. Read )

Are We Safe From the Next Ponzi Scheme? (Audio)

Staff / Truthdig Feb 6, 2018 Investigative reporter Steve Fishman explains how Bernie Madoff was able to pull off one of the largest financial crimes in U.S. history, and whether regulators have taken steps to ensure Americans won't get conned again. Dig deeper ( 1 Min. Read )

Millions Paid to Administrator, Zero to Victims of Madoff

By Eric Larson / Bloomberg News May 24, 2017 For investors who lost money in Bernie Madoff's infamous Ponzi scheme and are waiting for payback from a firm enlisted by the Department of Justice, the check's (still) in the mail. Dig deeper ( 4 Min. Read )

VIDEO: ‘Pharma Bro’ and Hedge Fund Profiteer Martin Shkreli Arrested in Fraud Case

Staff / Truthdig Dec 18, 2015 The 32-year-old Turing Pharmaceuticals CEO and Wall Street player became a source of schadenfreude on a mass scale Thursday with the news that he had been arrested for securities fraud. Dig deeper ( 3 Min. Read )

‘The Luminous Heart of Jonah S.’ Excerpt: Raphael’s Son Disappears

By Gina Nahai Nov 17, 2014 Author Gina Nahai's latest novel, "The Luminous Heart of Jonah S.," is a family epic that leaps from Tehran to Los Angeles and back again, blending murder mystery, history, myth and magic in a lively and lyrical read. Author Gina Nahai knows a thing or two about the Iranian Jewish diaspora in America -- she's part of it. Dig deeper

Justice? JPMorgan to Pay $2 Billion to Make Madoff Case Go Away

BLANK Jan 6, 2014 Notably, none of the bankers who recognized that JPMorgan was profiting from handling Bernie Madoff’s Ponzi scheme will face charges. Welcome to justice, Wall Street style. Dig deeper ( 3 Min. Read )

Is JPMorgan Chase About to Buy Its Way Out of Another Prosecution?

BLANK Oct 24, 2013 On the heels of an anticipated $13 billion fine to make its responsibility go away in the mortgage meltdown, the storied bank reportedly is in talks for a “deferred prosecution agreement” over its handling of some of Bernie Madoff’s Ponzi money. Short version: Pay a fine, and the bank avoids criminal charges. So in addition to being "too big to fail," now we have "too big to be guilty." Dig deeper ( 3 Min. Read )

How Many Wall Street Execs Has Obama Sent to Jail? (Video)

Alexander Reed Kelly / Truthdig Oct 11, 2012 Hint: If you read between the lines of the Obama team's latest hit on Mitt Romney, you'll find it's less than one, and greater than any negative number. Dig deeper ( 2 Min. Read )

Former Billionaire Sentenced for Huge Ponzi Scheme

Tracy Bloom / Truthdig Jun 15, 2012 R. Allen Stanford is perhaps not as well known as Bernie Madoff, but the two men have one thing in common -- both received long sentences for their roles in separately orchestrating two of the largest Ponzi schemes ever. Dig deeper ( 1 Min. Read )

Why No One Would Listen

By Eyal Press, TomDispatch Mar 7, 2012 What’s worse: to be persecuted and indicted for trying to expose an act of wrongdoing? Or -- like so many in the corporate and financial world -- to be ignored for doing so? Dig deeper ( 7 Min. Read )

De Niro to Morph Into Madoff

Staff / Truthdig Nov 8, 2011 The spectacular flameout of Bernard Madoff after the big reveal of his fraudulent financial empire played out like Shakespeare for the 21st century, and master actor Robert De Niro was clearly paying attention. Dig deeper ( 1 Min. Read )