The Madoff Investment Scandal Wall Street money manager Bernard Madoff is sentenced to 150 years in prison for bilking investors in a massive Ponzi scheme. The fraud reverberated through the world of high finance and charitable foundations in the U.S. and abroad.

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The Madoff Investment Scandal

The case raised questions about why federal regulators didn't heed warning signs earlier.

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No Firings At SEC For Missing Madoff's Massive Ponzi Scheme

November 11, 2011 • Seven employees were disciplined. But none were dismissed after, an SEC spokesman tells The Washington Post, their performances "before and since the Madoff events" were considered.

Examining Bernie Madoff, 'The Wizard Of Lies'

Bernie Madoff leaving U.S. District Court in Manhattan after a bail hearing in New York, Monday, Jan. 5, 2009. The former executive chairman of NASDAQ was sentenced to 150 years in prison in 2009 for his role in a massive Ponzi scheme. Kathy Willens/AP Photo hide caption

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Kathy Willens/AP Photo

Examining Bernie Madoff, 'The Wizard Of Lies'

Fresh Air

April 26, 2011 • New York Times financial writer Diana Henriques was the first journalist to interview Bernie Madoff after he was sent to prison. Henriques' new book, The Wizard of Lies, details how Madoff created the biggest Ponzi scheme in history after playing a prominent role in shaping modern markets.

Madoff's Victims May Still Have More To Lose

December 13, 2010 • Court-appointed trustee Irving Picard sued Bernard Madoff's son, Mark, and others connected to the Madoff firm in an effort to recoup some of the billions of dollars lost by investors in the fraud. But Picard is also seeking to recover money from investors, even if they lost money in the end.

Madoff Whistleblower: SEC Failed To Do The Math

March 2, 2010 • Harry Markopolos spent nearly a decade on Bernard Madoff's trail. He says his efforts to alert securities regulators about Madoff's schemes were repeatedly ignored. In a new book, he details how the Securities and Exchange Commission still lacks the tools for the job.

'Bag Lady Papers': Riches To Rags Via Madoff

February 17, 2010 • Artist and editor Alexandra Penney had it all. Then she got a phone call that her savings were gone, lost in the Bernard Madoff scandal. Penney talks about her life since then, as chronicled in her memoir, The Bag Lady Papers.

Author Overcomes Money Fears In 'Bag Lady Papers'

Author Alexandra Penney says she lost all of her savings in Bernard Madoff's investment scheme. Donna Svennevik/ABC hide caption

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Donna Svennevik/ABC

Author Overcomes Money Fears In 'Bag Lady Papers'

February 16, 2010 • Alexandra Penney's longtime nightmare of being broke and dependent on others for help almost overwhelmed her when Bernard Madoff was arrested and her life savings disappeared.

Is Recession Causing Rise In Financial Crimes?

November 13, 2009 • Swindlers like Bernard Madoff may get most of the attention, but as the effects of the recession wear on, smaller-scale frauds are thriving. Companies are worried that the risk of white-collar crime is rising, and one of the main threats could be from their own employees.

Madoff Heads To Jail, And The Books Head To Stores

September 21, 2009 • Six months after Bernard Madoff pleaded guilty to running a multibillion-dollar Ponzi scheme, six books have already been published about the scandal. Four came out just last month. They cover much of the same ground — with some exceptions.

In Recordings, Madoff Offers Tips To Evade SEC

September 10, 2009 • A new recording has surfaced from convicted swindler Bernard Madoff. The 2005 tape begins with, "Obviously, first of all, this conversation never took place." Authorities say Madoff was coaching a potential witness who was going to be talking to the Securities and Exchange Commission.

Madoff Likely Won't Be Serving Time In 'Club Fed'

July 2, 2009 • A complex point system will partly determine which prison Bernard Madoff, who was sentenced to 150 years, will go to. Because of his long sentence, it is likely that Madoff will never see the minimum security work camps known as "Club Fed."

Madoff Sentenced To Maximum 150 Years In Prison

June 29, 2009 • U.S. District Judge Denny Chin calls the scope of Bernard Madoff's fraud "staggering" as he delivers the most severe sentence allowed, ensuring the 71-year-old financier will live out his days behind bars.

NPR's Mike Pesca Discusses The Madoff Sentence On Morning Edition

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