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Bernie Madoff

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$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says $4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,000 people worldwide for nearly 94 percent of their losses. The DOJ says  its 10th and final distribution from the Madoff Victim Fund (MVF), provided more than $131 million to over 23,000 victims. The latest distribution marks the culmination of a decade-long effort to recover and return forfeited funds tied to Madoff's fraudulent investment empire. Most victims, primarily small inv…

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by Joe Lombardi
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'Not A Single Human Being Will Shed A Tear': Infamous Ponzi Schemer Madoff Dies In Fed Pen 'Not A Single Human Being Will Shed A Tear': Infamous Ponzi Schemer Madoff Dies In Fed Pen
'Not A Single Human Being Will Shed A Tear': Infamous Ponzi Schemer Madoff Dies In Fed Pen He stole from the rich, from the poor and from plenty of others in-between. Bernie Madoff, the most notorious Ponzi schemer in history, has died in federal prison, according to reports. “Bernie Madoff is dead. There is not a single human being on this earth who will shed a tear,” columnist Joe Nocera tweeted Wednesday morning. Madoff, 82, was serving a 150-year sentence without parole at a North Carolina penitentiary for defrauding thousands of people of billions of dollars in the largest Ponzi scheme ever prosecuted. The Associated Press said a source with direct knowledge of the matter c…

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by Jerry DeMarco
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Cosby Among Celebs Denied Prison Release For Coronavirus, Others More Fortunate Cosby Among Celebs Denied Prison Release For Coronavirus, Others More Fortunate
Cosby Among Celebs Denied Prison Release For Coronavirus, Others More Fortunate COVID-19 concerns may have freed some lesser-known convicts but not Bill Cosby, Bernie Madoff or R. Kelly. Lawyers for Cosby appeared to have some help earlier this month when Pennsylvania Gov. Tom Wolf allowed a temporary reprieve for an estimated 1,500 to 1,800 vulnerable and nonviolent prisoners at or close to their release dates. The only trouble was: Sex offenders in the Keystone State aren’t eligible for reprieves, a corrections spokesperson said. That rules out Cosby, 82, who’s serving a three- to 10-year sentence in a state prison outside Philadelphia for drugging and sexually assa…

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by Jerry DeMarco