A judge has frozen the assets of Peter Madoff, the brother of Ponzi schemer Bernie Madoff, and granted him $10,000 a month in living expenses. How is he supposed to live on that?
David Friehling, the New York accountant who signed off on Bernie Madoff's books, has been arrested as an accomplice in Madoff's Ponzi scheme. His alleged crime? Not doing his job.
After pleading guilty to his $50 billion fraud, Ponzi schemer Bernie Madoff is headed for jail. Which jail? Probably the federal prison in Otisville, N.Y., where he'll have the chance to meet new friends!
Applause broke out in a New York courtroom — and across the nation — as U.S. District Judge Denny Chin ordered Bernie Madoff, who has confessed to a $50 billion Ponzi scheme, to jail. Immediately.
The latest issue of New York has taken a look inside the mind of Bernie Madoff and come up empty. What launched him on the path to a $50 billion Ponzi scheme remains a puzzle.
