Madoff strikes at the heart of New York Mets
Although a ruling limits the amount the team’s owners may have to pay, they still face claims of almost $400m in fallout from the Madoff Ponzi scheme
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
Frustration mounts over Madoff backlog
Three years on, only a fraction of claims have been resolved, but the most enduring legacy of the scandal has been the erosion of trust in the financial system
Madoff associate has assets frozen
UK High Court orders freezing of assets of Austrian banker Sonja Kohn and says she ‘introduced investors’ to Madoff
Madoff wind-up suffers setback
A US judge dismissed billions of dollars in claims filed against JPMorgan Chase and UBS by the trustee overseeing the liquidation of Bernard Madoff’s fund
SEC to re-examine position on Madoff claims
Report finds that the agency’s top lawyer may have violated conflicts of interest rules and has referred the findings to the DoJ for review
Court favours investors in Madoff scheme
A BVI judge says defendants who made withdrawals from the largest hedge fund made insolvent by the fraud cannot be forced to return the money
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 and analysis
The Madoff affair: Along for the ride?
The Madoff affair: As the official trustee tries to reunite investors with their cash, banks in America and Europe are accused of enabling the fraud
Madoff was Wall Street’s problem
Wall Street’s sins are less egregious than those of Bernie Madoff – it did not deliberately steal their money. But the Madoff scandal provides plenty of evidence of corner-cutting and the turning of blind eyes in a quest for revenues, writes John Gapper
Madoff returns to haunt HSBC
Irving Picard has filed a $6.6bn suit against HSBC over the Madoff Ponzi scheme and contends that the bank is, to all intents and purposes, an integral part of the fraud
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
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
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