Tag Archives : Bernard Madoff

The mastermind behind one of the biggest and the most elaborate financial scams of this century. Bernard Madoff has been sentenced to 150 years in jail. Madoff had been indicted with multiple counts on fraud and has been in police custody, before the verdict was delivered by Judge Denny Chin of U.S. District Court in New York. In his closing statements, [...]

Bernard Madoff may be facing 150 years in prison but not if his lawyer can help it. Ira Lee Sorkin made a written request to the judge, referring to his client’s age and asking for the sentence to be reduced to 12 years. Madoff is 71 years old and with the average life expectancy being around 80 years; Sorkin believes that a sentence of 12 years would [...]

Just as Wall Street has sunk, so has its iconic figure. Bernard Madoff pleaded guilty Thursday March 12 to eleven charges of fraud amounting to at least $50 billion. He was handcuffed and detained immediately after pleading guilt. His sentence carries a penalty of one hundred and fifty years in jail. The audience in the New York court applauded after [...]

Bernard Madoff is a master of the confidence strategy. Confidence, after all, is what one needs to give his financial adviser and investment manager, when parting with hard-earned money for lots more interest. A lot more than confidence is what you’re bound to lose if your financial adviser duped you. Bernard Madoff’s recently huge scam with loses [...]