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Irving Picard, the Madoff trustee, went on 60 Minutes to unveil his plans to go after the feeder funds, the Madoff kids, and anyone who had withdrawn from Madoff's funds. I imagine that a lot of...
The nature of a Ponzi scheme is such that the early investors actually make money. What is extraordinary here is that Madoff was able to bring in such volumes of money that he could deliver the...
CNBC today posted an entire 69 minute conversation which was turned over under subpoena by Fairfield Greenwich. If you listen to it, or even just a few minutes, it is clear that the feeder funds...
Irving Picard, the Madoff trustee, is taking a very aggressive approach vis-à-vis Madoff investors. Since he believes that the entire fund was a fraud, he has ruled that each investor is only...
The Madoff case seems to have left the front pages of the news, but the stories remain remarkable and the evolution of the case is extraordinary. It has been very clear to me that the managers of...
Detective: All right Madoff! Where did you get the idea of paying early investors with money from late investors?
Madoff: From the Social Security System.
It seems everyone has high ideals...
The judge is keeping Madoff out of jail and comfy in his penthouse apartment in New York. This decision came down today even while everyone else, including the government prosecutor, is clamoring...
It is so obvious that Madoff is guilty and belongs in jail that I for one am amazed that they haven't revoked bail. At least he should be put in jail for his own protection. Maybe the government...
Along with every alumni of Tufts University, I received the following email yesterday. The email raises many simple questions, such as: why does the President of Tufts not follow simple...