Topic - Bernard Madoff

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  • Convicting 5, jury nixes Madoff claim he was alone

    Imprisoned financier Bernard Madoff's claim that he carried out a nearly $20 billion fraud by himself has been firmly rejected by a jury that convicted five of his former top employees of all charges that they aided his crimes.

  • Correction: BC-US--Madoff Fraud-Trial story

    In a story March 24 about the convictions of five former employees for imprisoned financier Bernard Madoff, The Associated Press misspelled the last name of the attorney for defendant Annette Bongiorno. He is Roland Riopelle, not Ripoelle.

  • Madoff fraud deliberations to go on with 11 jurors

    A juror with an undisclosed ailment has been excused at the New York City trial of five former employees of jailed financier Bernard Madoff (MAY'-dawf).

  • Jury deliberations start in Madoff workers' trial

    Jurors have begun deliberating the fate of five former employees of jailed financier Bernard Madoff after hearing dozens of witnesses in New York testify about the historic fraud.

  • Attorneys wrap up arguments in Madoff worker trial

    Jurors in the first criminal trial stemming from Bernard Madoff's epic fraud were soon to start weighing the charges against five of the fallen financier's ex-employees after summations wrapped up Friday.

  • Closings start in NY trial of Madoff ex-employees

    Three of imprisoned financier Bernard Madoff's managers and two computer programmers played a "crucial role" in his mammoth fraud by helping him churn out fake documents to fool thousands of investors into thinking they were worth millions of dollars when he'd squandered their money for four decades, a prosecutor told jurors in closing arguments Wednesday.

  • Annette Bongiorno leaves federal court in New York, Monday, Feb. 24, 2014.  Bernard Madoff's longtime secretary says she was in the dark about her boss' epic Ponzi scheme. (AP Photo/Seth Wenig)

    Madoff's ex-secretary testifies at NY trial

    Imprisoned financier Bernard Madoff's longtime secretary defended herself from the witness stand Monday, telling a Manhattan jury about a 40-year career working unwittingly alongside a historic Ponzi scheme that began when she recognized through Madoff's stutter on her first day that he wanted a ham and cheese sandwich for lunch.

  • Madoff's ex-secretary plans to testify at NY trial

    Imprisoned Ponzi king Bernard Madoff's longtime secretary plans to defend herself from the witness stand at her trial on charges she aided the historic fraud, her lawyer says.

  • Madoff jailhouse interview used to bolster NY suit

    A new lawsuit against JPMorgan Chase & Co. relied on a jailhouse interview with Bernard Madoff to bolster claims that top executives at the nation's largest bank for many years confronted Madoff about significant concerns in filings with a regulatory agency regarding his private investment business but always backed off because he earned the bank so much money.

  • NY prosecutor cross examines ex-Madoff worker

    A prosecutor tried to convince a Manhattan jury Thursday that Bernard Madoff's former director of operations was in the thick of his massive fraud, despite his testimony that he was far removed.

  • FILE - This June 21, 2011 file photo shows Daniel Bonventre, former director of operations at Bernard L. Madoff Investment Securities, as he leaves Manhattan federal court, in New York. Bonventre testified Tuesday, Feb. 18, 2014, that he always trusted the Ponzi schemer before Madoff, who "seemed to have the respect of the entire world" for decades, before he admitted his involvement in a massive crime. (AP Photo/ Louis Lanzano, File)

    Ex-Madoff employee: 'He's a terribly ill man'

    Bernard Madoff's former operations chief testified Tuesday that he trusted a boss who "seemed to have the respect of the entire world" during the more than four decades they worked together before Madoff confessed to orchestrating a massive Ponzi scheme.

  • ** FILE ** Bernard Madoff is serving a 150-year prison term for his Ponzi scheme that stole an estimated $36 billion from investors. (Associated Press)

    Bernie Madoff suffers heart attack in prison: report

    Convicted felon Bernard Madoff is back in federal prison after being hospitalized for a heart attack last month, CNBC reported Wednesday.

  • In this photo provided by the Robin Hood Foundation, Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks at the inaugural Robin Hood Investors Conference in New York, Friday, Nov. 22, 2013. JPMorgan Chase & Co. reports quarterly financial results before the market opens on Tuesday, Jan. 14, 2014. (AP Photo/Robin Hood Foundation, Craig Warga)

    JPMorgan 4Q profit falls 7 percent on legal costs

    JPMorgan Chase said Tuesday that its profits fell 7 percent in the fourth quarter, hampered by more legal woes and a decline in the bank's investment banking business.

  • ** FILE ** Bernard Madoff is serving a 150-year prison term for his Ponzi scheme that stole an estimated $36 billion from investors. (Associated Press)

    JPMorgan settles Madoff fraud claims for $1.7B

    JPMorgan Chase & Co., already beset by other costly legal woes, has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, federal authorities said Tuesday.

  • ** FILE ** Bernard Madoff is serving a 150-year prison term for his Ponzi scheme that stole an estimated $36 billion from investors. (Associated Press)

    Bernie Madoff, from jail: I'm racked by remorse and 'can't sleep'

    Bernard Madoff, the former millionaire Ponzi schemer who traded his finance firm title for one in Butner Federal Correction Complex — as Inmate No. 61727-054 — now says he's racked with guilt and can't sleep most nights.

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