Bernie Madoff, who out-Ponzied Boston's own Ponzi in an investment scheme that brought in billions, has died in prison. He was 82. Read more.
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Madoff
By adamg - 1/22/12 - 11:38 am
According to an ad in the Globe (the actual paper edition), there's an auction at 2 p.m. today at the Newton Marriott of some of convicted mamzer Bernie Madoff's ill-gotten stuff, including works by Picasso, Chagall, Rembrandt, Cezanne, Peter Max and Warhol, Bulgari and Rolex watches, all sorts of diamonds, emeralds, sapphires and rubies in all sorts of settings and a guitar signed by Bruce Springsteen.
By adamg - 4/1/09 - 1:59 pm
The Secretary of State's office today launched administrative proceedings against Fairfield Greenwich, a firm it says funneled billions of dollars into the Madoff Ponzi scheme. The state alleges the company knew Madoff was a goniff but lured Massachusetts investors with promises of high returns, anyway; now the office wants the company to repay investors.
By adamg - 2/5/09 - 9:57 am
The Herald reports on the Congressional testimony of that frustrated Boston PI who'd tried three years ago to alert the SEC (and the Wall Street Journal) about the Ponzi for a New Millennium:
'In 2000, (one official) warned me that relations between the New York and Boston (SEC) regional offices were about as warm and friendly as the Yankees-Red Sox rivalry,' the Whitman resident said. "Truer words were never spoken."
By adamg - 1/14/09 - 5:24 pm
The Boston Business Journal reports the Secretary of State's office has sued Bernie Madoff BFF Robert Jaffe of Newton to try to get him to testify before state investigators on his alleged role in Madoff's alleged Ponzi scheme. Jaffe's New York P.R. firm says Jaffe's as much a victim as anybody else and is sick, to boot.
By adamg - 12/29/08 - 3:49 pm
Chris Farone lists ten insults for people who "almost" invested with Bernie Madoff.
By adamg - 12/15/08 - 11:03 pm
The Shapiro Family Foundation, which saw half its holdings disappear in the Madoff scandal, vows to honor all its previously announced funding commitments.
By adamg - 12/12/08 - 4:40 pm
Wicked Local Swampscott reports a Jewish education and outreach group has suspended operations and fired all its workers because it invested all its money with Bernard Madoff, whose assets the feds seized yesterday after charging him with running a $50-billion Ponzi scheme (named after Boston's own Charles Ponzi).
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