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Bernard Madoff Madoff Attends Court Hearing On His Legal Representation
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Bernard Madoff Bernard Madoff Returns To Court In Bail Dispute
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Bernard Madoff Ponzi Scheme Investor Madoff Appears In Federal Court
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Madoff Auction Includes 17 Rolexes and 11 Hermes Handbags

By Olivia on
Since Bernard Madoff ripped off so many people in his $65 billion Ponzi scheme, the government has found the perfect way to repay his victims: by auctioning off all the extravagant stuff Madoff was able to afford through fraud. According to Bloomberg.com, said items include 17 Rolex watches (including one incredibly rare Oyster chronograph worth an estimated $63,500) and 11 leather Hermes handbags that once belonged to Bernie's wife Ruth Madoff. Bernard and Ruth (via MadoffWatch.org) Some...Read Full Story

Larry Levine -- Ex Con reveals what Madoff will see on the inside

By Tiffanie on
Bernard Madoff won't have any friends in prison according to Larry Levine, an ex-con who's been shedding light on what Bernie can expect in prison.Larry Levine spent 10 years in federal prison himself before founding Wall Street Prison Consultants, which counsels white collar offenders. It's no surprise that the picture he's been painting through various media outlets of Madoff's future life isn't all that rosey, especially when it comes to the other inmates.In an interview on CNN, Levine...Read Full Story

No Mercy for Madoff

By JJ Duncan on
Judge Denny Chin showed no mercy to billionaire fraudster Bernard Madoff at his sentencing Monday morning, slamming the 71-year-old with the maxiumum sentence of 150 years in prison. ALSO ON ZIMBIO Victims lash out at Madoff sentencing Day of reckoning comes for Bernard Madoff Chin explained the long prison term was important for deterrence, and for the victims suffering from Madoff's massive scam. Victims in attendance cheered the decision before Madoff gave a brief statement of...Read Full Story

U.S. Marshals Take Bernie's Yacht

By JJ Duncan on
(Getty Images | Inset from huffingtonpost.com)In a move that made a real-life Weekend at Bernie's seem much less appealing, U.S. Marshals seized disgraced Wall Street investor Bernard Madoff's yacht Thursday.And, of course, it was called "Bull."The move is part of an ongoing effort to seize assets that could help pay back investors who lost money to Madoff's $50 billion ponzi scheme. Authorities took possession of the 55-foot antique yacht as well as a 24-foot speed boat. Barry Golden, a...Read Full Story

When 'Sorry' Isn't Enough

By JJ Duncan on
It was the first news in the Bernard Madoff case that didn't make his victims want to throw up all over the justice system."It is my intention to remand Mr Madoff," Judge Denny Chin told the shamed former investment manager's lawyers.At those words, the court room gallery -- filled with victims of Madoff's $50 billion ponzi scheme -- broke into applause. The most infamous billionaire in the world was ordered confined to a jail cell, not his comfortable Manhattan luxury apartment, to await...Read Full Story