Fox Business - The Power to Prosper
Search Site

Bernard Madoff

Madoff : JPM Had to Know What I Was Doing

A healthy -- but admittedly lonely -- Bernie Madoff told me the one thing he did right was not make his family a part of his infamous and tragic Ponzi scheme.He looks healthy and strong for a man who is now 75 years old and will only leave prison in a coffin, since he is serving a 100-plus-year sentence. Madoff spent two hours talking with me about some of his former clients who he now says knew they were breaking the law, and he touched on his family and the role of banks like JP Morgan Chase which Madoff says were complicit in his crime. He claims to have no contact with his family and says he will, "forever live with the guilt of causing my son Mark's death." Four years after arriving at the Federal Correctional Complex in Butner, N.C., Madoff says he wants to help investigators recover the billions of dollars his scheme robbed from innocent investors. "All I care about is to get the money back," he said. But it is hard to believe what he says when you consider the enormity of Madof...

Read More

  1. Madoff trustee cannot block $410 million Merkin accord: judge

    The trustee seeking money for victims of Bernard Madoff was barred on Monday from blocking a $410 million settlement resolving New York state's claims against Wall S...

  2. Investing In China Like the Wild West?

    Securities attorney Andrew Stoltmann explains why you should be careful when investing in Chinese companies even if they are listed on American exchanges.

  3. Investors Can't Sue SEC Over Madoff , Court Rules

    Victims of Bernard Madoff's investment fraud have lost their bid to sue the U.S. Securities and Exchange Commission for negligence in failing to uncover the swindler...

  4. Madoff investors can't sue SEC: appeals court

    Victims of Bernard Madoff's investment fraud have lost their bid to sue the U.S. Securities and Exchange Commission for negligence in failing to uncover the swindler...

  5. Insight: Payments for mom-and-pop stock orders reveal conflicts

    U.S. market makers are increasingly paying discount brokers for trading business, raising questions about whether mom-and-pop investors get the best possible prices ...

  6. Distribution To Madoff Victims Reaches $5.4B

    The trustee's office liquidating the assets of Bernard Madoff's collapsed Ponzi scheme said Monday a total of $5.44 billion has been returned to former Madoff client...

  7. Markets End Lower as Euro Worries Weigh

    FOX Business: Capitalism Lives HereThe Dow and S&P capped the day mildly lower Wednesday as traders failed to shake concerns about financial trouble in Cyprus infect...

  8. Euro Fears Pressure Wall Street

    FOX Business: Capitalism Lives HereThe markets came under selling pressure Wednesday as a tepid Italian debt auction, weak eurozone data and ongoing instability in C...

  9. Report: U.S. Probes J.P. Morgan's Actions in Madoff Fraud

    As Bernie Madoff doubles down on his claim that the banks "must have known" what he was up to, a new report reveals prosecutors are probing whether J.P. Morgan Chase...

  10. Euro Fears Shake Wall Street, Futures Slide

    FOX Business: Capitalism Lives HereConcerns that the situation in Cyprus could re-ignite the eurozone's debt crisis put pressure on U.S. stock-index futures Wednesda...

  11. Madoff to FOX Business: 'The Banks Knew'

    Jailed Ponzi schemer Bernard Madoff plans to amplify his contention, possibly in testimony before Congress, that the big banks he did business with – J.P. Morgan Cha...

  12. How to Spot a Ponzi Scheme

    In the wake of the discovery of Bernie Madoff's longest-running Ponzi scheme that stole millions of dollars over several years, the Securities and Exchange Commissio...

  1. Freedom in America is a Savings Account

    In order to achieve a life of personal freedom in this country, you will need to accumulate money in a savings account. The number one question we are asked is "When...

  2. J.P. Morgan Confirms Energy Probe

    Confirming reports of mounting regulatory trouble, J.P. Morgan Chase (NYSE:JPM) acknowledged on Wednesday it is the target of a possible enforcement action by the to...

  3. Investors may lobby JPMorgan to clip Dimon's wings if vote fails

    JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief execu...

  4. JPMorgan CEO Dimon to meet with OCC examiners: WSJ

    JPMorgan Chase & Co CEO Jamie Dimon is scheduled to meet next week with bank examiners from the Office of the Comptroller of the Currency in a meeting the bank reque...

  5. J.P. Morgan Under Regulatory Fire Over Power Trading

    J.P. Morgan Chase's (NYSE:JPM) regulatory headaches appear to be turning into a very painful migraine.In addition to ongoing probes into credit cards and its relatio...

  6. US Regulators to Fault JPMorgan in Madoff Case - Report

    U.S. regulators plan to fault JPMorgan Chase & Co. (JPM), which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence an...

  7. Exclusive: U.S. regulator to fault JPMorgan over Madoff accounts

    U.S. regulators plan to fault JPMorgan Chase & Co, which served as Bernie Madoff's main bank for two decades, for failing to conduct adequate due diligence and repor...

‹ Prev12345Next ›
Freebase CC-BY
Source: Bernard Madoff on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL