Bernard Madoff planned every detail of his firm’s demise in the days before he was arrested five years ago today to avoid being marched past his 200 employees in handcuffs, the con man’s former finance chief told a jury.
Ruth Madoff ’s account at Bank of New York Mellon Corp. received “fraudulent” transfers of at least $14 million, said the trustee liquidating her husband Bernard Madoff ’s firm, who wants to “recapture” $44.8 million.
Bernard Madoff’s wife and surviving son say in a new book that they didn’t know of his $65 billion Ponzi scheme, the largest in history, until the day in December 2008 when he confessed his crimes to them.
Ruth Madoff , whose husband Bernard L. Madoff is serving 150 years for defrauding investors of as much as $65 billion in a Ponzi scheme, is making amends for his crime by delivering meals to the homebound in a 1996 Infiniti in south Florida, the New York Post reported today.
Citigroup Inc. will pay $75 million to settle U.S. regulatory claims that it misled investors by failing to disclose billions of dollars in holdings tied to subprime mortgages while the housing crisis unfolded.