SEC Chairman Mary L. Schapiro said former general counsel David M. Becker, who inherited part of an investment account with Bernard Madoff, should have stayed out of the agency's work on the Madoff bankruptcy.
Ponzi Victim: Madoff Violated Trust Burt Ross, an investor from Englewood, New Jersey who lost money with Bernard Madoff says the sentencing of Madoff to 150 years in prison was a punishment based on the loss of trust, not just the loss of money. Video by AP
Guilty Plea Gives Little Satisfaction to Defrauded Investors Inside the Federal Court building in Lower Manhattan, Bernard Madoff pleaded guilty to bilking investors of billions of dollars and was sent immediately to jail. Outside the courthouse, some of those investors were not satisfied. They wanted to know where their money went and who else was involved.Video by Travis Fox/washingtonpost.com
Madoff's Willing Partners There seems to be little doubt that Bernard Madoff is a cheat. His apparent Ponzi scheme, in which capital from new investors would have been used to pay "dividends" to earlier investors, ultimately cost the participants many billions of dollars. But was it all Madoff's fault? I contend that the ...
Madoff Exposed Investors' Weak Spots One of the many mysteries of Bernie Madoff's alleged $50 billion Ponzi scheme is why so many people broke a cardinal rule of investing by over-allocating money in one position. Many investors -- charities, individual investors, even well-known fund managers -- have lost everything, right down to ...