Mega swindler Bernie Madoff will plea guilty in 2 days to 11 felony counts related to his record-breaking Ponzi scheme. The charges include securities fraud, mail fraud, wire fraud, three counts of money laundering and filing false statements with the Securities and Exchange Commission, said Assistant U.S. Attorney Marc Litt.
“There is no plea agreement,” [...]

No need for pay-per-view… in case you missed it while withdrawing all your money from your bank and hiding it VERY WELL, here’s the Securities and Exchange Commission getting their collective asses handed to them by Congressman Gary Ackerman (D-NY). The Bernie Madoff whistle-blower is right. I spent many, many [...]

We’ve reported on the huge scandal caused by former NASDAQ chairman Bernie Madoff, who created a Ponzi scheme with his hedge fund. Bernie actually formally advised the U.S. government on ways to protect investors from scam artists! He perpetrated of one of the largest financial frauds in history, didn’t just rip off a [...]

Bernard Madoff, a huge force on Wall Street for decades, was arrested and charged yesterday with allegedly running a $50 billion Ponzi scheme in what may rank among the biggest frauds EVER. Madoff is a former chairman of the Nasdaq Stock Market, and is best known as the founder of Bernard L. Madoff Investment [...]