The Madoff Investment Scandal : NPR

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No Firings At SEC Over Madoff Scandal

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.

Examining Bernie Madoff, 'The Wizard Of Lies'

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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's Victims May Still Have More To Lose

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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.

Madoff Whistleblower: SEC Failed To Do The Math

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'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.

'Bag Lady Papers': Riches To Rags Via Madoff

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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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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.

Author Overcomes Money Fears In 'Bag Lady Papers'

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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.

Madoff Heads To Jail, And The Books Head To Stores

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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.

In Recordings, Madoff Offers Tips To Evade SEC

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

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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.

Madoff To Find Out How Long He'll Be In Prison

June 29, 2009 • The sentencing of disgraced financier Bernard Madoff, 71, is expected to draw a crowd Monday. Officials say hundreds of people are likely to show up. Prosecutors are seeking a 150-year prison sentence. The defense has asked for a 12-year term because of Madoff's age.

Madoff To Find Out How Long He'll Be In Prison

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'Vanity Fair' Writers Break Down Madoff Saga

June 17, 2009 • Confessed swindler Bernard Madoff ran a Ponzi scheme measured in the tens of billion of dollars. Mark Seal and David Margolick have both written in-depth articles about the disgraced financier for Vanity Fair. They discuss what they found.

'Vanity Fair' Writers Break Down Madoff Saga

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Suits Filed Against Those Who Profited From Madoff

May 13, 2009 • The trustee looking into Bernard Madoff's operations is suing some of the investors who made big profits in the Ponzi scheme run by the disgraced financier. Amir Efrati, reporter for The Wall Street Journal, says the purpose of the lawsuits is to gather assets for Madoff's victims.

Suits Filed Against Those Who Profited From Madoff

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Madoff Fund Trying To Raise Money Until The End

April 2, 2009 • Newly released documents show that one day before Bernard Madoff turned himself in for running a Ponzi scheme, a Connecticut hedge fund that fed him investor money was still promising to raise hundreds of millions of dollars for him.

Madoff Fund Trying To Raise Money Until The End

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Federal Appeals Court Hears Madoff Jail Arguments

March 19, 2009 • The court in New York is mulling over an appeal by confessed swindler Bernard Madoff to remain out of jail until he is sentenced this summer. Prosecutors say Madoff, 70, has become more of a flight risk now that he has pleaded guilty.

Madoff Victim Says She Lost All Her Savings

March 12, 2009 • Many of Bernard Madoff's victims were in court Thursday to watch him plead guilty and go to jail. One of those present was Ronnie Sue Ambrosino. She and her husband lost their life savings of $1.66 million in Madoff's Ponzi scheme.

Madoff Victim Says She Lost All Her Savings

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Text Of Bernard Madoff's Court Statement

March 12, 2009 • Bernard Madoff delivered a prepared plea allocution statement Thursday in U.S. District Court in New York.

After Guilty Plea, Madoff Sentencing Set For June 16

March 12, 2009 • Bernard Madoff has pleaded guilty to all 11 charges in the largest fraud case in Wall Street history. The former New York money manager is accused of stealing billions of dollars from thousands of investors in what he himself has described as a Ponzi scheme.

After Guilty Plea, Madoff Sentencing Set For June 16

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Madoff Pleads Guilty To Fraud, Sent To Jail

March 12, 2009 • The former investment banker and ex-chairman of the Nasdaq exchange admitted to 11 criminal counts for masterminding a Ponzi scheme that bilked investors out of billions of dollars.

Lawyer Says Madoff Will Plead Guilty

March 10, 2009 • The accused investment scheme mastermind will admit to committing fraud and other crimes when he pleads later this week, his lawyer told a federal judge Tuesday.

Madoff May Be Close To Plea Deal

March 6, 2009 • A court document filed Friday shows that Bernard Madoff is a step closer to filing a guilty plea in one of the biggest-ever investment fraud cases. He is accused of running a Ponzi scheme reportedly worth $50 billion.