Sentence is necessary and rare
The 71-year-old fraudster’s conduct was indefensible and he deserved what he got, writes John Gapper. But the case was unusual
Madoff scandal
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Bernard Madoff, a former chairman of the Nasdaq stock market, has been sentenced to the maximum of 150 years in prison for running a $65bn “Ponzi scheme” with the judge referring to his “extraordinarily evil” crimes
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HSBC France sued over Madoff losses
The former chairwoman of Galeries Lafayette has sued HSBC France over the alleged loss of €7.5m invested in LuxAlpha
Madoff souvenirs raise $1m at auction
Nearly 200 items belonging to Bernard Madoff and his wife Ruth were auctioned in New York by the US government, with the proceeds going towards compensating the victims
Programmers arrested ahead of Madoff auction
Two computer programmers from Bernard Madoff’s fraudulent investment operation were arrested on charges of falsifying Mr Madoff’s trading records to make them appear regular and above board
Ex-head of Santander arm faces Madoff charges
The former head of Optimal, the Geneva-based hedge fund investment arm of Spanish bank Santander, has been charged with criminal mismanagement of funds that were placed with Bernard Madoff
Madoff investor Picower leaves $200m to wife
Jeffry Picower, the long-time investor and friend of Bernard Madoff, has left hundreds of millions of dollars and an assortment of jewellery and other valuables to his family, friends and charity
Related content and features
Interactive
Interactive timeline: The fall of Bernard Madoff
Financial Times has reconstructed the last year of his operation through interviews with dozens of his friends, colleagues and investors
Comment
A bitter dividend
Investment: As Bernard Madoff faces sentencing for perhaps the biggest fraud ever, he leaves behind an industry beset by mutual distrust and harsher regulation
Bernie Madoff’s life of make-believe
A key to his infamy lies in the words ‘split-strike conversion strategy’. That is the explanation he gave for his spectacularly consistent returns, writes Christopher Caldwell
Madoff sentencing
Scavenging for cash from those who reaped false profits while the going was good pits investor against investor. But it is the only way
How the ‘Madoff twist’ entices the astute
The fraudster hints at impropriety, but implies that the target will be
the beneficiary rather than the victim, writes John Kay
Swift end to Madoff’s freedom
Madoff was led from the court to prison for the first time, for a massive Ponzi scheme. Applause at his plea were swiftly muted in deference to the non-nonsense judge
Ponzi schemes
Age of excess fuelled rise of Ponzis
Growth of hedge funds made secrecy and high returns seem more common and laid the ground for the biggest surge in fraud since the 1920s
Editorial comment
Madoff’s demise
Although Bernard Madoff was the man behind the $65bn fraud, there are plenty of others who should take blame for not looking behind the smoke and mirrors long before the Ponzi scheme imploded
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