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Hot Topics: Madoff Scandal

The arrest of financial titan Bernard Madoff on December 11, 2009 shook an already shaky Wall Street. Convicted of running perhaps the largest 'Ponzi' scheme in history, Madoff's career became the subject of intense scrutiny by journalists, lawyers and legislators alike.

Selected articles

Due to contractual arrangements, access to some articles may be restricted to the Stanford community, and subscribers of the "Library Databases" offered through the GSB Alumni's Lifelong Learning Program. Inclusion below does not imply University endorsement of the ideas expressed.

Madoff Timeline New York Times

 

Lawsuit: Madoff's Workplace Was Rife With Cocaine, Sex CNN.com, 10/22/09
A new lawsuit alleges that Bernie Madoff financed an office filled with drugs and sex.
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Finra Board Said To Debate Releasing Report On Madoff, Stanford Bloomberg.com, 9/22/09
The U.S. brokerage regulator's board is debating whether to release an internal report of its examinations of firms run by Madoff and R. Allen Stanford.
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Bernie Madoff, Adam Smith, And Capitalism's Moral Crisis Christian Science Monitor, 9/21/09
For many, Mr Madoff has become the poster boy for capitalist greed.
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Madoff Montauk Home Sells For More Than $8.75 Million Bloomberg.com, 9/17/09
The Montauk beach house sold for more than the asking price of $8.75 million.
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SEC Caught Madoff In Lies In 2005 Exam Wall Street Journal, 9/4/09
The Commission caught Madoff in lies during an examination, but didn't pursue the details.
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Madoff Sentence Cheered, Seen As 'Strong Message' CNBC.com, 6/29/09
The heavy sentence for Mr Madoff is seen as a warning to other potential perpetrators.
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Madoff Is Sentenced To 150 Years For Ponzi Scheme New York Times, 6/29/09
Bernard Madoff, in the presence of his victims, was sentenced to the maximum penalty for his crimes.
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Interview with Charles T. Munger Stanford Lawyer, Spring 2009
Stanford Professor Joseph Grundfest interviews the legendary Vice Chairman of Berkshire Hathaway, who discusses Bernard Madoff and Ponzi schemes among other things.
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More Articles

Following The Prison Career Of Bernard Lawrence Madoff, Prisoner No. 61727-054 InjuryBoard.com, 4/28/09
Many people are wondering where Mr Madoff actually is.
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SEC Turns To Twitter To Prevent Repeat Of Bernard Madoff Telegraph, 4/28/09
The SEC has launched three Twitter feeds to publicize its enforcement actions.
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Coming Soon: Madoff, The Movie New York Times, 4/23/09
"Madoff: Made Off With America" is reportedly already in production.
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U.S. Investors Sue Madoff-Linked Broker For Fraud Reuters, 4/17/09
Alvin Delaire has been sued for several million dollars by investors.
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Financier Merkin Testified In Madoff Probe Bloomberg.com, 4/16/09
J. Ezra Merkin, who is being sued by New York University in connection with losses related to Bernard Madoff, gave information to regulators.
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Bid For Madoff Trading Unit Is $15 Million New York Times, 3/27/09
Unless a better bid emerges, the trading business that was Mr Madoff's pride and joy, which he valued at $700 million only months ago, will be sold for $15 million.
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Madoff Jailed After Admitting Epic Scam Wall Street Journal, 3/13/09
After telling a courtoom he was "ashamed" for bilking investors out of their life savings and that "I realized my arrest and this day would inevitably come", Madoff was sent off to jail.
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Madoff Life Prison Term Means Inmate Blame For Crash Bloomberg.com, 3/12/09
Bernard Madoff, who pleaded guilty today in masterminding what may be the largest 'Ponzi' scheme in history, may have to cope with prison inmates who want to squeeze him for money or even blame him for the recent financial downturn.
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Madoff Is Jailed After Pleading Guilty New York Times, 3/12/09
Disgraced financier Bernard Madoff was immediately handcuffed and led off to jail after he pleaded guilty to running a vast 'Ponzi' scheme that bilked investors out of billions.
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Prominent Trader Accused Of Defrauding Clients New York Times, 3/11/09
The criminal complaint filed against Madoff in Federal court reports estimated losses of $50 billion, perhaps the largest scheme in Wall Street history.
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Bernard Madoff Facing 150 Years In Prison WPIX, 3/10/09
Accused financier faces 11 counts, including wire fraud, securities fraud and mail fraud.
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Madoff To Plead Guilty New York Times, 3/10/09
Lawyers for Bernard Madoff told a Federal judge that their client is expected to plead guilty later this week to charges that would result in a life sentence.
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Mini-Madoff Turns Heads At Toy Fair New York Times, 2/17/09
For $99, angry investors can vent their wrath by smashing a Madoff toy figurine.
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Madoff Won't Contest SEC Civil Claims New York Times, 2/9/09
The SEC has reached a partial settlement in its civil case against Bernard Madoff. The agreement, submitted to the Federal judge overseeing the case, stipulates that Madoff cannot contest the agency's civil fraud allegations.
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New Talk Of Who Escaped Madoff Scheme Sparks Anger Reuters, 1/29/09
Madoff's alleged fraud has sparked added outrage as investors learn that a major U.S. bank may have cashed out early while others were left high and dry.
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Madoff's Mother Tangled With The Feds Fortune, 1/16/09
A broker-dealer firm registered in the name of Sylvia R. Madoff, the mother of the accused, was effectively forced to close by the SEC more than 40 years ago.
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Cuomo Probing Charity Fraud Tied To Madoff Scandal Bloomberg.com 1/13/09
New York Attorney General Andrew Cuomo is investigating "people who defrauded charities" in connection with Bernard Madoff's alleged 'Ponzi' scheme.
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A Few Investors Spotted Madoff's Red Flags Crains' New York Business, 1/9/09
Despite the allure of the Madoff fund a few scattered investors sidestepped the quicksand, often by sticking to their own standards of due diligence.
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(includes video)

Madoff Investigators Said To Be Struggling Over Scheme's Scope Bloomberg.com, 1/9/09
Almost a month after Mr Madoff's arrest, authorities are trying to understand how he could have directed an alleged 'Ponzi' scheme of such magnitude.
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Madoff Sent 16 Watches and Jewelry New York Times, 1/7/09
In an effort to revoke Madoff's bail and send him to jail, prosecutors argue that he violated the terms of his bail agreement by sending valuables to family members.
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Congress Looks For Answers In Madoff Scandal CNNMoney.com, 1/5/09
Lawmakers are trying to grasp how Madoff managed to evade detection for so long and whether gaps in government regulation allowed him to carry out his alleged 'Ponzi' scheme.
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For Many Scientists, The Madoff Scandal Suddenly Hits Home Science, 1/2/09
An MIT center financed by the Picower Foundation will survive, but some of its funding is now in jeopardy
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In Madoff Scandal, Jews Feel An Acute Betrayal New York Times, 12/23/08
Bernard Madoff is not yet convicted of any crime, but Jews across the nation are sounding a communal cry of anguish over the theological and personal implications of the scandal.
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'Victims' Of Madoff Scandal Do The Math, Realize They Profited FoxNews.com, 12/17/08
Many of Madoff's investors who withdrew money from their accounts over the years are now facing an ethical quandary -- what they thought were profits was likely money stolen from other clients as part of an alleged 'Ponzi' scheme of gigantic proportions.
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Credit Crunch Unmasks Former NASDAQ Chair BusinessWeek, 12/12/08
Despite rumors over the years that Bernard Madoff's hedge fund was too good to be true, investors continued to pump money into it. Now those concerns may be proving right.
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Wall Street's Latest Downfall: Madoff Charged With Fraud Time, 12/12/08
Bernard Madoff was long considered quirky, with strict rules about what employees at his fund could keep on their desks, for example. But things have now taken a sinister turn.
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Bernard Madoff Arrested Over Alleged $50 Billion Fraud Yahoo! News, 12/12/08
The former chairman of the NASDAQ Stock Market, a quiet force on Wall Street for decades, was arrested and charged with running a huge 'Ponzi' scheme.
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Page updated by: Paul Reist