Madoff scandal 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
Ira Sorkin, the man who defended Bernard Madoff would not hesitate to do it again, in spite of having been the target of death threats
Harvey Pitt, former US SEC head, says there are not enough economists at the regulator and that staff ‘lack the sophistication and skillset’ necessary to do their jobs effectively
Regulators should pay whistleblowers for information about frauds, according to an official investigating the US Securities and Exchange Commission’s failure to uncover Bernard Madoff’s $65bn scam
The widening investigation into Bernard Madoff’s $65bn ‘Ponzi’ scheme is focusing on at least 10 other individuals and more criminal charges are likely, according to an official briefed on the situation
Cheers erupted in the Manhattan federal courthouse as Bernard Madoff was sentenced to 150 years in prison, the maximum possible under law, for running a $65bn Ponzi scheme that has devastated thousands of investors around the world
Slideshow: Investors and protestors greet the news that financier Bernard Madoff has been sentenced to 150 years
The 71-year-old fraudster’s conduct was indefensible and he deserved what he got, writes John Gapper. But the case was unusual. The question is whether Bernard Madoff’s spectacular sentence should become the benchmark for future cases of corporate fraud. I think not
Investment: As Bernard Madoff faces sentencing for perhaps the biggest fraud ever, he leaves behind an industry beset by mutual distrust and harsher regulation
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
Scavenging for cash from those who reaped false profits while the going was good pits investor against investor. But it is the only way
The fraudster hints at impropriety, but implies that the target will be
the beneficiary rather than the victim, writes John Kay
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
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
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
