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Madoff

  • Bernie has cancer. Then he doesn’t

    Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”;}   Reports today — first that Bernard Madoff has cancer and is dying in jail, and then that he doesn’t — for some reason reminded me of this old SNL… More ▸

  • Bernie’s endowment envy

    Since the Madoff scandal broke, many of us have been wondering: What could possibly motivate someone to steal so much money from charities? Now we know: endowment envy. The New York Daily News had a lengthy article about the upcoming book from the former Hadassah CFO claiming to have had an affair with Bernard Madoff —… More ▸

  • Madoff’s wife sued for $45 million by Madoff’s trustee

    The trustee for Bernard Madoff’s estate, charged with returning as much money to Madoff’s victims as possible, is suing the Ponzi schemer’s wife Ruth for $45 million. From the Times: Irving H. Picard, the trustee who is trying to recover money for investors defrauded by Bernard L. Madoff, sued Mrs. Madoff on Wednesday for $44.8… More ▸

  • Jewish charities have a rough day in the Chronicle

    Monday was not a good day for Jewish charities in the Chronicle of Philanthropy’s daily philanthropy news update. Usually I am thrilled when the daily e-mail contains a Jewish bit (makes for easy blogposts — and I love giving shout-outs to the Chronicle). Well, yesterday’s update contained not one, but two Jewish items — including… More ▸

  • No appeal for Madoff

    Bernard Madoff will not appeal the 150-year jail sentence he was given earlier this month, his attorney said Thursday. "We are not going to be appealing," Madoff’s lawyer Ira Sorkin said, according to Reuters. "That’s our decision and we have no further comment." Madoff has not yet been assigned a permanent prison.   More ▸

  • Madoff gets 150 years (update)

    Bernard Madoff has been sentenced to 150 years in jail, the maximum sentence allowed for his crimes. U.S. Judge Denny Chin gave sentence to Madoff, who had confessed to bilking investors in his Ponzi scheme from up to $65 billion, this morning at around 11:30. He called Madoff’s crimes “staggering,” according to the Washington Post…. More ▸