SEC Missed “Numerous” Opportunities To Catch Madoff Scheme

Washington, D.C. (AHN) - The head of the Securities and Exchange Commission said Wednesday that the agency missed "numerous opportunities" to uncover the $65 billion Ponzi scheme conducted for decades by Bernard Madoff. The remarks by SEC chairman ... continue

Madoff’s Accountant Charged, Faces 105 Years In Prison

New York, NY (AHN) - Federal prosecutors have charged disgraced international investor Bernard Madoff's accountant David Friehling with information and securities fraud, and other offenses this week. If convicted on all counts, Friehling could serve up to 105 ... continue

Ruth Madoff now homeless

Ruth Madoff was escorted from her posh Manhattan penthouse today by federal marshals, the New York Daily News is reporting. Mrs. Madoff, who has reverted to her maiden name Alpern in an unsuccessful bid to find an apartment, ... continue

Bernie Madoff’s 1969 Rybovich Yacht seized by US Marshals

US Marshals seized ponzi master Bernard Madoff's 1969 Rybovich Yacht and a smaller boat in Florida Wednesday as part of an ongoing effort to pay back some of the money lost by former Madoff investors. The 55-foot ... continue

Stanford Financial Group raided over alleged $8 billion fraud

The US Securities and Exchange Commission this morning raided Texas based Stanford Financial Group over an alleged $8 billion fraud. The SEC accuses founder and CEO of Stanford Financial Robert Allen Stanford, CFO James M. Davis, and Chief ... continue

Madoff Client List: See All the Investors-Turned-Victims

A 163-page list of investors with Bernie Madoff is now part of the public domain. The Madoff client list became public record when it was filed in U.S. Bankruptcy Court in Manhattan this week. Madoff Investors: The Full ... continue