Bernard Madoff 's wife says she feels "betrayed and confused" by the actions of her husband. Ruth Madoff (AP Photo) Ruth Madoff said in a statement Monday that "the man who committed his horrible fraud is not the man whom I have known for all these years." Her 71-year-old husband was sentenced minutes earlier to 150 years in prison for fraud that bilked investors of billions of dollars. DON'T MISS No Mercy For Madoff Madoff Investment Securities Was a ‘Giant Ponzi Scheme’ A judge had already... Read Full Story
A treasure trove of spoils from Wall Street swindler Bernard Madoff and his wife raked in nearly a million dollars in an auction to help pay back some of his victims. But the proceeds were still just a mere drop in the ocean compared to the 21.2 billion dollars investors are said to have lost in Madoff's grandiose scam that duped celebrities, charities and scores of ordinary people over several decades. Ruth Madoff's pair of 14-carat Cartier diamond earrings went under the hammer for 70,000... Read Full Story
Ruth Madoff will only get $2.5 million in a lump sum payment. Ruth Madoff , wife of convicted fraudster Bernie Madoff , has been given a lump sum payment of $2.5 million to live on in a settlement with the Justice Department. Assuming she invests wisely (by say, not getting invovled in massive Ponzi scheme like her husband ran), she should be able to eke out a living at $125,000 in investment income a year. From an article at the Wall Street Journal: How tough is it living off $2.5 million... Read Full Story
Three yachts owned by Wall Street swindler Bernard Madoff, his wife's Mercedes and another boat belonging to his finance chief have been sold for two million dollars, auctioneers said Wednesday. Proceeds will be used by the government to compensate victims of Madoff's fraud, said National Liquidators, a leading US auctioneer of yachts, that carried out the sale at its marina in Fort Lauderdale, Florida. Madoff's main yacht "Bull", a 55-foot vessel, sold for 700,000 dollars; "Sitting Bull," a... Read Full Story
NEW YORK (Reuters) - It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market. Madoff's 4,000-square-foot duplex Manhattan penthouse, "perched atop a distinguished white-glove prewar cooperative" according to the broker Sotheby's International Realty, is now being offered for $8.9... Read Full Story
NEW YORK (Reuters) - It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market. Madoff's 4,000-square-foot duplex Manhattan penthouse, "perched atop a distinguished white-glove prewar cooperative" according to the broker Sotheby's International Realty, is now being offered for $8.9... Read Full Story
From diamond-encrusted watches to satin jackets emblazoned with his name, the personal goods of Wall Street swindler Bernard Madoff go under the hammer Saturday in New York to raise money to help pay those who lost their fortunes. Collectors and curious members of the public gathered Friday for an open viewing of the objects in a room at the Sheraton Hotel in New York as police marshals kept a strict eye on the crowds. Some two hundred lots are up for grabs and auctioneers are hopeful they... Read Full Story
NEW YORK (Reuters) - More than 100 items belonging to notorious swindler Bernard Madoff and his wife were auctioned off on Saturday to help repay his victims, with many fetching far more than their estimated value set by the U.S. government. Jewelry dealers, souvenir hunters and collectors swooped down on everything from wife Ruth's furs and diamond-encrusted bracelets to Bernie's old New York Mets baseball jacket and fishing tackle box at a midtown Manhattan hotel. Someone bought a pair of... Read Full Story
MIAMI (Reuters) - Federal agents investigating a prominent Florida lawyer suspected of running an elaborate Ponzi scheme said on Thursday the amount involved could exceed $1 billion, and they asked bilked investors to come forward. At a news conference, investigators from the FBI and the U.S. Internal Revenue Service (IRS) made a public appeal for information from individuals who had invested in a so-called Structured Settlement Investment scheme offered by 47-year-old Fort Lauderdale... Read Full Story
MIAMI (Reuters) - A prominent Florida lawyer whose assets were seized this week by federal agents is believed to have run an elaborate Ponzi scheme that defrauded investors of hundreds of million of dollars, authorities said. Criminal charges have not yet been filed against 47-year-old Scott Rothstein, whose Fort Lauderdale law firm Rothstein, Rosenfeldt, Adler, PA was placed in receivership last week. But in a court filing on Monday prosecutors said Rothstein, who lived a luxury lifestyle... Read Full Story
From Spain's Princess Letizia to Italy's Mara Carfagna, the game of politics is no stranger to beautiful, powerful women. Following is a list of women whose influence is matched only by their sheer hotness.
We've rounded up the fifty most infamous female teacher sex scandals the Internet has seen, and ranked them from most famous to least. We do it because we care.
