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Bernie Madoff

Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
March 15, 2023, 8:27 pm
‘Israeli Madoff’ convicted over $150 million Ponzi scheme
Under plea deal, Michael Ben-Ari to serve at least 5 years in prison for what is believed to be worst scam in Israel’s history; is due to cooperate ahead of sentencing
By ToI Staff
Left: Sam Bankman-Fried on the cover of the 40th annual Forbes 400 ranking issue (Business Wire/ AP). Right: FTX Arena on November 12, 2022. (AP Photo/Marta Lavandier, File)
November 18, 2022, 6:11 pm
Fall of Sam Bankman-Fried, Jewish cryptocurrency CEO, brings echoes of Bernie Madoff
After becoming a billionaire before age 30, the FTX head suffers a reversal of fortune so massive it’s setting records, decimating investors’ savings, and drawing legal questions
By Lisa Klug
Bernard Madoff exits Manhattan federal court in New York, March 10, 2009. (AP Photo/ Louis Lanzano, File)
February 21, 2022, 5:58 am
Ponzi schemer Bernie Madoff’s sister, brother-in-law found dead
Florida sheriff’s office says Sondra Wiener and her husband Marvin discovered at home with gunshot wounds, in apparent murder-suicide
By AP
Illustrative: Bernard Madoff, right, leaves US District Court in Manhattan, New York, after a bail hearing, January 5, 2009. (AP Photo/Kathy Willens, File)
June 4, 2021, 3:28 am
Before dying, Bernie Madoff lifted veil on the biggest Ponzi scheme in history
Business radio personality Jim Campbell releases ‘Madoff Talks,’ which covers 9 years of revealing interviews with the financial mastermind – up to his death in April behind bars
By Rich Tenorio
Bernard Madoff exits Manhattan federal court in New York, March 10, 2009. (AP Photo/ Louis Lanzano, File)
April 15, 2021, 2:33 am
‘His crimes were extraordinarily evil’: The life and death of Bernie Madoff
The man who operated the largest Ponzi scheme in history is dead at 82; ‘no one is going to mourn him,’ says an attorney for some of his victims
By MICHAEL BALSAMO and Tom Hays
In this March 10, 2009, file photo, former financier Bernie Madoff leaves federal court in Manhattan, in New York. (AP Photo/David Karp, File)
April 14, 2021, 5:47 pm
Bernie Madoff, who orchestrated $16 billion Ponzi scheme, dies in prison at 82
Disgraced financier admitted to swindling thousands of clients over decades, wiping out their fortunes and ruining charities and foundations, many of them in the Jewish world
By MICHAEL BALSAMO and Tom Hays
Carl J. and Ruth Shapiro (Mike Lovett/ Courtesy of Brandeis University via JTA)
March 16, 2021, 12:16 am
Carl Shapiro, Brandeis benefactor who lost millions to Madoff, dies at 108
Shapiro’s foundation with wife Ruth supported US medical institutions, Museum of Fine Arts Boston, cultural centers and local initiatives in Boston, Palm Beach, and Florida
By Penny Schwartz
An article in O Globo, one of Brazil's largest newspapers, on Jonas Jaimovick. (WhatsApp via JTA)
November 12, 2020, 11:34 am
Brazilian Jewish businessman accused of pyramid con arrested after year on lam
Some 3,000 clients reportedly taken in by Madoff-like scheme; TV station report showing photos of suspect Jonas Jaimovick holding Torah scroll draws outrage from Rio councilwoman
By Marcus M. Gilban
Bernie Madoff exits federal court in Manhattan on March 10, 2009. (AP Photo/David Karp, File)
June 4, 2020, 11:12 pm
Bernie Madoff’s bid for early prison release rejected
Judge who sentenced the Ponzi king to 150 years behind bars says ‘he has never fully accepted responsibility for his actions’; lawyer hoping Trump will commute his sentence
By Larry Neumeister
Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaves Federal Court in New York on January 14, 2009. ( AP/Stuart Ramson)
March 5, 2020, 3:34 am
Prosecutors urge denial of early prison release for Madoff
Over 500 victims write to a Manhattan federal court judge to oppose early release for Ponzi king, who claims he will soon die from kidney disease
By Larry Neumeister
Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaves Federal Court in New York on January 14, 2009. ( AP/Stuart Ramson)
February 10, 2020, 7:02 pm
Bernie Madoff’s victims can weigh in on potential ‘compassionate release’
Those affected by financier’s crimes invited to give their opinion on his request; his attorneys say the 81-year-old prisoner does not have long to live
By JTA
Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaves Federal Court in New York on January 14, 2009. ( AP/Stuart Ramson)
February 6, 2020, 5:35 am
Bernie Madoff says he’s dying of kidney failure, requests early release
Attorney for 81-year-old files court request, saying he has only 18 months to live and asks for ‘compassionate release’ from his 150-year prison sentence for massive Ponzi scheme
By Jim Mustian
Financier Bernard Madoff arrives at Manhattan Federal Court in New York City, March 12, 2009. (Stephen Chernin/Getty Images/via JTA)
July 25, 2019, 5:17 pm
Bernie Madoff asks Trump to commute his 150-year sentence
Ponzi schemer pleaded guilty to 11 charges linked to his $19 billion fraud over four decades
By Marcy Oster
Financier Bernard Madoff arrives at Manhattan Federal Court in New York City, March 12, 2009. (Stephen Chernin/Getty Images/via JTA)
May 8, 2019, 10:57 pm
Bernie Madoff’s wife to pay $600,000 and leave estate in settlement of his fraud
Ruth Madoff was never charged with any crime in her husband’s fraud; deal part of settlement of more than $23 million from estates of the Madoffs’ late sons
By JTA
Bernie Madoff arriving at Manhattan federal court, March 12, 2009. (Stephen Chernin/Getty Images via JTA)
February 25, 2019, 11:42 pm
$464 million more paid out to victims of Bernie Madoff Ponzi scheme
Total distributions in the case now amount to $12 billion; latest payout goes to 880 former clients of New York investor
By Marcy Oster
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